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Finance & Accounting (F&A) Platform

 

In the present highly competitive business environment, F&A organizations constantly seek ways to optimize operational costs, reduce CAPEX, increase visibility and comply to internal as well as regional statutory requirements. And the need is to get there faster, at lower costs, using fewer internal IT resources.

TCS’ F&A Platform Solutions is an ERP-based platform with value-added intellectual properties for the efficient execution of financial processes. It enables you to achieve improved financial KPIs, while you can free resources for critical business activities. It is a unified and global solution for enterprise finance operations encompassing the following:

  • Account Payables
  • Account Receivables
  • General Accounting
  • Asset Accounting
  • Collections
  • Cash Management
  • Employee Expense Management.

The solution conforms to global statutory and legal norms (such as IFRS and GAAP) and comes with pre-built and pre-configured processes; proprietary tools for workflow and document management; control account reconciliation toolkit; financial analytics including Closing and KPI dashboards; integration frameworks; and self-service portal. It is powered by state-of-the-art ERP application and hosted on a reliable, scalable and secure infrastructure. We offer you the choice to adopt our solution under SaaS or BPaaS (SaaS plus BPO process delivery) or a hybrid framework.

Benefits

  • A single source of truth for your financial data
  • Faster financial closure
  • Reduced reconciliation effort
  • Improved receivables position
  • Accelerated onboarding by leveraging our pre-built content, pre-configured processes and pre-installed technology
  • A low TCO with minimal upfront investment, with a cost-effective price payable on subscription basis