Banking / white paper
Transforming Daily P&L in Financial Institutions: The Way Forward
- Overview
TCS is here to make a difference through technology.
Leading the way in innovation for over 50 years, we build greater futures for businesses across multiple industries and 131 countries.
-
Industries
-
Services
-
Products and Platforms
-
Research & Innovation
- Overview
We’re in it for good, driving positive change for the benefit of all.
Our expert, committed team put our shared beliefs into action – every day. Together, we combine innovation and collective knowledge to create the extraordinary.
-
About Us
-
Leadership
-
In the news
Recent News
View All
- Overview
Extraordinary expertise leads to remarkable results.
We share news, insights, analysis and research – tailored to your unique interests – to help you deepen your knowledge and impact.
-
Perspectives
-
Topics
- Overview
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.
-
India
-
Americas
-
Asia Pacific
-
Europe and UK
-
Middle East and Africa
Top Results
Showing
10
01 - 07
Daily P&L validation – the first step toward better product control
Product control is an integral function within the investment banking division of capital markets. Daily profit and loss (P&L) validation is an important aspect of product control in finance. However, most banks use manual P&L validation leading to delayed processing and incomplete or inaccurate reporting, adversely impacting the strategic decision-making processes. Daily P&L automation has emerged as a key prerequisite to greater accuracy, increased efficiency, reduced operational risks, and better decision-making. Robotic process automation (RPA) technologies offer a way out.
Adopting RPA in P&L automation can help banks improve strategic and tactical decision-making by:
- Integrating multiple siloed systems
- Facilitating traceability of data flow from upstream to downstream systems
- Enhancing the daily P&L reporting activities
Success, however, will depend on selecting the right processes for automation using RPA technologies. The automation–ability conviction matrix helps banks identify sub functions and processes that are suitable for RPA.
Find out more
©2022 TATA Consultancy Services Limited