In the wake of the impact of the pandemic on businesses, CXOs are focused on key imperatives such as containing costs, ensuring liquidity, and managing cash and working capital, assessing new products and markets, adjusting guidance, and revisiting their merger and acquisition strategies. TCS’ Cost and Cashflow Optimization Assessment service addresses all these concerns.
TCS’ Cost and Cashflow Optimization Assessment is a rapid four-week evaluation to identify opportunities and create a roadmap for the realization of near and mid-term costs and working capital optimization. The assessment spans through F&A, HR, supply chain, procurement, and IT (cloud, workplace, data center, network, edge), followed by the evaluation and charting of a roadmap for cash optimization. The assessment uses machine learning algorithms to analyze, detect new patterns, and provide intelligent recommendations to drive payment prioritization.
The solution takes a consultative approach utilizing TCS frameworks focused on a questionnaire and analysis-based approach to optimize the cost and cash flow of enterprise backend functions. For example, finance and technology cost optimization. It is a CXO-level offering targeted at functional owners. The solution also enables an enterprise to optimize the backend process, technology costs, and improve the working capital efficiency.
TCS’ offering allows enterprises to:
- Lower the total cost of ownership in near and mid-term
- Improve working capital efficiency with accelerated and predictive cash flow management
- Find savings opportunities in the technology bill
- Benchmark the existing enterprise process effectiveness to provide cost reduction
- Speed up the digital transformation journey to optimize costs
- Identify ways to increase liquidity to survive uncertain times
With TCS, enterprises worldwide can leverage:
Contextual and functional knowledge across all domains
Intelligent recommendations powered by machine learning techniques and data analytics
Modular assessment framework designed for quick comprehension
Pre-defined templates and curated questionnaires based on functional areas
Integrated transformation approach covering people, processes, and technology to drive significant synergies