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Ascendas partners with TCS to standardize Finance and Accounting Processes

In this video, Chia Nam Toon, Assistant Group CEO, Corporate Services, and Group CFO, Ascendas, and Koon Guat Ngor, Deputy Group CFO, Ascendas, discuss how TCS helped them achieve standardised Finance and Accounting Process across countries for improved operations and better governance.


Ascendas is Asia’s leading provider of business space solutions with strong footprint across the region. In this video, Chia Nam Toon, Assistant Group CEO, Shared Services, and Group CFO, Ascendas, and Koon Guat Ngor, Deputy Group CFO, Ascendas, discuss how TCS helped them achieve standardised Finance and Accounting Process across countries for improved operations and better governance.

Experience Results: Ascendas required to streamline and synchronize their finance and accounting process to implement process rules across Singapore, China and India. According to Koon, even though the project journey was challenging, the implementation of the new system was smooth and well done. The new systems in place “resulted in saving time, single point control with real time reporting dashboards which ensured complete transparency, control and governance”.       

Experience Partnership: According to Chia, TCS stood out amongst the other players. He mentions, “Despite the challenges we had, they were able to throw resources behind in the difficult times. They were patient with us, worked through the problems with us and they were able to commit expertise when required through the different phases of the project.”

Experience Leadership: According to Chia, TCS had a very good understanding of what was beneficial, what was doable and what was not, and guided Ascendas. “Post implementation, we thought there was nothing much to do. TCS have constantly come back to tell us that we still have process improvement to work at and that’s something we didn’t have to prompt them to do”.