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Perpetually Adaptive Enterprise

At TCS, we don’t just help businesses transform. We help them become perpetually adaptive enterprises, built to evolve continuously and confidently in a world of constant change.

Adaptability starts here
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    We deliver excellence and create value for customers and communities - everyday. With the best talent and the latest technology we help customers turn complexity into opportunities and create meaningful change.

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    What we do

    Perpetually Adaptive Enterprise

    At TCS, we don’t just help businesses transform. We help them become perpetually adaptive enterprises, built to evolve continuously and confidently in a world of constant change.

    Adaptability starts here
    • Industries
    • Services
    • Products and Platforms
    • Research & Innovation
    • Alliances
    • Banking
    • Capital Markets
    • Consumer Packaged Goods and Distribution
    • Communications, Media, and Information Services
    • Education
    • Energy, Resources, and Utilities
    • Healthcare
    • High Tech
    • Insurance
    • Life Sciences
    • Manufacturing
    • Public Services
    • Retail
    • Travel and Logistics
    • Artificial Intelligence and Data & Analytics
    • Cloud
    • Cognitive Business Operations
    • Consulting
    • Cybersecurity
    • Enterprise Solutions
    • IoT and Digital Engineering
    • Network Solutions and Services
    • TCS Interactive
    • Sustainability Services
    • TCS ADD™
    • TCS BANCS™
    • TCS BFSI Platforms
    • TCS CHROMA™
    • TCS Customer Intelligence & Insights™
    • TCS ERP on Cloud
    • ignio™
    • TCS iON™
    • TCS HOBS™
    • TCS Intelligent Urban Exchange™
    • TCS OmniStore™
    • TCS Optumera™
    • TCS Tap™
    • Quartz™ – The Smart Ledgers™
    • TCS TwinX™
    • TCS MasterCraft™
    • Jile™
    • TCS DigiBOLT™
    • TCS AI WisdomNext™
    • TCS Research
    • TCS Pace™
    Perpetually Adaptive Enterprise
  • Industries expand here
    • Banking
    • Capital Markets
    • Consumer Packaged Goods and Distribution
    • Communications, Media, and Information Services
    • Education
    • Energy, Resources, and Utilities
    • Healthcare
    • High Tech
    • Insurance
    • Life Sciences
    • Manufacturing
    • Public Services
    • Retail
    • Travel and Logistics
  • Services expand here
    • Artificial Intelligence and Data & Analytics
    • Cloud
    • Cognitive Business Operations
    • Consulting
    • Cybersecurity
    • Enterprise Solutions
    • IoT and Digital Engineering
    • Network Solutions and Services
    • TCS Interactive
    • Sustainability Services
  • Products and Platforms expand here
    • TCS ADD™
    • TCS BANCS™
    • TCS BFSI Platforms
    • TCS CHROMA™
    • TCS Customer Intelligence & Insights™
    • TCS ERP on Cloud
    • ignio™
    • TCS iON™
    • TCS HOBS™
    • TCS Intelligent Urban Exchange™
    • TCS OmniStore™
    • TCS Optumera™
    • TCS Tap™
    • Quartz™ – The Smart Ledgers™
    • TCS TwinX™
    • TCS MasterCraft™
    • Jile™
    • TCS DigiBOLT™
    • TCS AI WisdomNext™
  • Research & Innovation expand here
    • TCS Research
    • TCS Pace™
  • Alliances
  • Who we are

    About Us

    We deliver excellence and create value for customers and communities - everyday. With the best talent and the latest technology we help customers turn complexity into opportunities and create meaningful change.

    Discover the difference
    • Brand
    • Leadership
    • Community
    • Sustainability
    • Inclusion
    • Values
    About Us
  • Brand
  • Leadership
  • Community
  • Sustainability
  • Inclusion
  • Values
  • Insights

    Discover why customers choose TCS

    We are a digital transformation and technology partner of choice for industry-leading organizations worldwide.

    Read our customer success stories.
    • Events
    • Analyst Recognition
    • Global Studies

    Upcoming events

    27 Dec 2025 TCS at Guidewire Connections 2025
    01 Dec 2025 TCS at AWS re:Invent 2025
    18 Nov 2025 TCS is a Gamechanger Sponsor of Microsoft Ignite 2025
    View all

    Recent recognitions

    15 Oct 2025 From Technical Liability to Digital Dominance: Plaza Premium Group’s Bold Transformation
    06 Oct 2025 Unlocking the Future: 6G & AI for Telcos
    18 Sep 2025 Emirates NBD Transforms Payments and Reengineers Banking Operations
    View all
    Discover why customers choose TCS
  • Events
  • Analyst Recognition
  • Global Studies
  • Careers

    Want to be a global change-maker? Join our team.

    At TCS, we believe exceptional work begins with hiring, celebrating and nurturing the best people — from all walks of life.

    Join us
    • India
    • Americas
    • Asia Pacific
    • Europe and UK
    • Middle East and Africa
    • India
    • Argentina
    • Brazil
    • Canada
    • Chile
    • Colombia
    • Ecuador
    • Mexico
    • Peru
    • Uruguay
    • USA
    • Australia
    • Mainland China
    • Hong Kong SAR
    • Indonesia
    • Japan
    • Malaysia
    • New Zealand
    • Philippines
    • Republic of Korea
    • Singapore
    • Chinese Taipei
    • Thailand
    • Belgium
    • Denmark
    • Estonia
    • Finland
    • France
    • Germany
    • Hungary
    • Ireland
    • Italy
    • Luxembourg
    • Netherlands
    • Norway
    • Poland
    • Portugal
    • Spain
    • Sweden
    • Switzerland
    • United Kingdom
    • Bahrain
    • Israel
    • Kuwait
    • Qatar
    • Saudi Arabia
    • South Africa
    • United Arab Emirates
    Want to be a global change-maker? Join our team.
  • India expand here
    • India
  • Americas expand here
    • Argentina
    • Brazil
    • Canada
    • Chile
    • Colombia
    • Ecuador
    • Mexico
    • Peru
    • Uruguay
    • USA
  • Asia Pacific expand here
    • Australia
    • Mainland China
    • Hong Kong SAR
    • Indonesia
    • Japan
    • Malaysia
    • New Zealand
    • Philippines
    • Republic of Korea
    • Singapore
    • Chinese Taipei
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    • France
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  • Newsroom

    Find the latest news about TCS

    Stay up-to-date on all press announcements by TCS

    Discover more
    • News Alerts
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    Recent News

    24 Oct 2025 TCS Collaborates with Google Cloud to Launch Google Cloud Gemini Experience Center in Riyadh, to Drive AI Innovation Across MEA
    16 Oct 2025 NCVET Selected TCS to Develop a Portal Aimed at Democratizing the Vocational Skill Development Ecosystem in India
    16 Oct 2025 TCS and Infineon Partner to Redefine Digital Experience and Accelerate Sales Growth
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    • Banking
    • Solution

    TCS Internal Financial Controls Services

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    Highlights

    • For banking, financial services, and insurance (BFSI) firms, internal financial controls are crucial for operational stability. 
    • However, financial services firms are faced with challenges such as inadequate documentation, control deficiencies, and insufficient SOPs in this regard.
    • TCS Internal Financial Controls Services address all facets of financial control, from assessment to control testing and designing revenue cycle management.

    On this page

    Overview   inpage
    Challenge   inpage
    Solution   inpage
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    The TCS advantage   inpage
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    Overview Challenge Solution Benefits The TCS advantage

    Overview

    Internal control systems are essential for the smooth functioning of an organization in a fast-paced business environment.

    And internal financial controls make for a crucial component in this mechanism. They are necessary for assuring stakeholders about a business's robust financial health. From aiding decision-making and ensuring legal compliance to mitigating financial risks, the role of internal financial controls in guaranteeing operational stability is critical. Recognizing this, most banking, financial services, and insurance (BFSI) organizations are looking to transform their internal financial controls function, which is currently manual and disintegrated.

    TCS Internal Financial Controls Services enable BFSI organizations across all facets of financial control – from assessment to control testing to designing revenue cycle management. With this offering, BFSI enterprises can enhance control design and ensure regulatory compliance, thereby driving business excellence.  

    Challenge

    Internal financial control is challenged by issues such as inadequate documentation practices, control deficiencies, and insufficient SOPs.

    Additionally, the reliance on manual processes results in poor controls, leading to regulatory strictures, financial penalties, and loss of reputation. Despite significant spending on key functions such as control testing and sampling, BFSI organizations realize limited or no returns on the investment. Compounding these challenges is the increasing oversight of regulatory agencies, driving enterprises to reimagine their internal financial controls framework to one that is standardized, automated, and cost-effective.   

    TCS provides a range of services, including control advisory, control transformation, and continuous control monitoring and oversight (see Figure 1). In addition to leveraging cognitive automation, TCS’ offering utilizes collaborative insights from various vendor partners in the industry, including COIN™ partners, along with a rich library of internal financial reporting collaterals such as training material, reusable test cases and functional architecture, and success stories. 

    Our solution

    TCS helps transform and modernize the internal financial controls function.

    Our services span the following areas:

    • Risk management: Identify control function threats using a risk control matrix (RCM) and detailed process flowcharts. 
    • Gap analysis: Evaluate existing financial controls and processes, areas of improvement, and standard operating procedures (SOPs) in alignment with the internal finance controls framework. 
    • Monitoring and oversight: Manage increasing BFSI regulatory demands by implementing a finance controls center of excellence (CoE). 
    • Control transformation:  Reimagine control function by harnessing automation tools and defining target operating models.

    Benefits

    With TCS’ services, BFSI firms can establish an agile and adaptive internal financial controls function.

    Key benefits are:

    • Accelerated turnaround time: Realize quicker turnaround in financial functions with controls automation and assurance. 
    • Operational efficiency and cost-effectiveness: Improve audit trail and reporting through exhaustive control validation and design testing. Achieve low-cost control function and realize savings.
    • Zero regulatory penalties: Improve regulatory compliance and minimize sanctions using superior control advisory. 
    • Proficiency enhancement: Boost personnel skill development for customers’ teams, with focused internal finance control training.

    The TCS advantage

    TCS leverages its domain expertise and collaborative experiences with clients across the BFSI industry.

    By partnering with TCS, BFSI institutions can benefit from:

    • Emerging technologies: Through pioneering progress in emerging technologies such as artificial intelligence (AI) and machine learning (ML), TCS enables the holistic transformation of the actuarial process. 
    • Talent pool: TCS boasts of a proficient team of certified accountants, certified domain consultants, and certified public accountants (CPA) that provides superior consulting and operations support to global BFSI organizations. 
    • Comprehensive internal controls: Ability to deliver end-to-end internal financial controls services comprising assessment, control transformation, and testing, along with business as usual (BAU) and application management services (AMS). 

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