TCS' comprehensive suite of solutions and services address the specific needs of BFSI CFOs.
They encompass the following:
Financial maturity assessment: This cloud-based service helps firms assess the maturity of their finance function across key dimensions.
Strategic finance transformation: This aspect covers advisory services, transformation, and optimization. These features enhance the efficiency and effectiveness of the finance function, enabling it to operate across multiple organizational agendas such as mergers and acquisitions, cost optimization, systems upgrade, and more.
Digital finance close: This service helps BFSI firms digitally close their accounts faster and more accurately. This is done by leveraging deep domain knowledge and cognitive technologies.
CXO digiboard: This self-service solution generates reports for senior stakeholders. It enhances performance reporting and accuracy by providing actionable insights.
Financial spreading as-a-service: This cloud-based solution analyses the financial statements of counterparties and credit or investment statements using analytical insights.
IFRS compliance suite: This compliance service is a TCS intellectual property-led solution that helps BFSI firms comply with IFRS 17.
US GAAP LDTI: This component makes US insurance companies that issue long-duration contracts compliant with the latest US generally accepted accounting principles (GAAP) mandate for long-duration targeted improvements (LDTI).
Finance controls: This feature services reconciliation, balance sheet substantiation, product control, the Sarbanes-Oxley Act (SOX), and internal controls over financial reporting (ICFR).