Procurement excellence: Efficiency meets innovation
Agile. Smart. Integrated. Responsive.
TCS TAP™
TAP is more than just a software solution; it's a strategic partner for your procurement excellence.
Chief procurement officers (CPOs) face many challenges. They seek an intelligent procurement solution to unify disparate systems, optimize spend management with AI, mitigate supplier risk with automation, and enhance employee experience.
TAP is a cloud-based, AI-powered platform for intelligent procurement, delivering a multitude of benefits that align directly with CPO’s priorities. TAP is helping businesses to achieve greater agility, efficiency, and cost savings. TAP unifies the entire procurement process by integrating:
- Sourcing for seamless supplier collaboration for RFx and e-auction and modern sourcing practices through agile sourcing
- Contract management for secure and efficient contract lifecycle management and tracking
- Purchasing for intelligent bid management and evaluation and eCommerce-like buying experience
- Accounts payable for maximized straight-through- processing (STP) of invoices
- Supplier hub for supplier information management and supplier self-service
Take control of your procurement function and unlock its full potential with TAP.
TAP™ Source-to-Pay Platform
TAP™ Source-to-Pay Platform
Features
Agile sourcing for quick end-to-end RFx management
Thorough and secure contract lifecycle management
Assisted buying features and online catalogs
AI-assisted AP to prevent duplication and fraud
Supplier hub on-boarding, PO, invoice, payment status
Seamless ERP integration
Smart notifications, intuitive UI with embedded dashboards
Multi-lingual support
OUR CAPABILITIES
AI-powered suggestions to identify the best-suited supplier, estimated price, and recommended events while creating a sourcing event, auto-scoring, sustainable questionnaire templates, import/export for questionnaires and items, overall and item-level awards, and bid reconciliations help the source manager reduce the RFx creation time. Agile and intelligent sourcing provides guided navigation, system-driven evaluation, scenario-based award recommendations, quick bids for faster turnaround of unique buys, and reverse/forward auctions with a live bidding console.
Comprehensive, integrated, and secure contract lifecycle management provides reusable contract templates, collaborative reviews, automated workflows, and a 360-degree view, including lifecycle events, usage tracking, and management insights.
Experience an e-commerce-like buying experience through advanced item search, quick selection of items through recommended pattern buys, wish lists, and frequently bought items. Ensuring compliance with manual or auto PO and streamlining PO management with touchless PO, multiple cost center distribution, purchase order split, PO release, rule-based auto approvals, and version control. Additionally, it creates a goods receipt note (GRN) regarding PO for on-time deliveries.
Automatically captures and validates invoices across channels and locations, offers AI-based accounting segment suggestions to fast-track invoice processing, has high auto-matching accuracy for straight-through processing (STP), and provides efficient, time-bound exception resolution and quality control. It also provides a shorter processing cycle through coordinated, informed, and prioritized approvals.
Quick onboarding and continuous monitoring of suppliers; end-to-end visibility for suppliers, including profile update, PO details, and invoice status; self-service, including viewing PO and its acknowledgments; advanced shipment notification (ASN); and invoice creation through PO flip.
Highlights
90%+
Spend under control
40-60%
Improvement in productivity
50%
Reduction in processing cycle time
100%
Compliance
Recognition
TAP™ wins the 'Procurement Transformation Digital Award 2024'
We selected TAP to move towards a transformed and unified P2P.
