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PRESS RELEASE
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New York / Mumbai, July 31, 2014: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading IT services, consulting and business solutions organization, today announced that it has once again been designated as a Leader in Gartner’s Magic Quadrant report on Finance & Accounting (F&A) BPO by the prominent global market intelligence firm. [Gartner, Magic Quadrant for Finance and Accounting BPO, Analyst Cathy Tornbohm, published 28 May 2014]
Gartner identifies providers in the 'Leaders' quadrant as those with a clear vision of market direction and actively building high performance competencies to sustain their leading position in the market. The comprehensive F&A BPO players in the 'Leaders' quadrant generally share superior market understanding, have a global client base, an extensive network of well-distributed and highly populated global delivery centers catering for multiple languages, a good balance of transactional and high-end F&A delivery, and innovative and effectively marketed sales offerings.
“We believe being named a ‘Leader’ reflects TCS’ differentiated strategy, execution focus and extensive global investments,” said Abid Ali Neemuchwala, Global Head, Business Process Services at TCS. “Customers across Industries have experienced substantial improvement in business efficiency and effectiveness, as they leverage TCS’ domain expertise, transformation expertise and best in class technology platforms.”
The rapidly changing and unpredictable world has significantly increased the complexity of doing businesses for enterrpises globally. CEOs are increasingly expecting their CFOs to help them simplify and reimagine their business processes, leveraging what at TCS we call the ‘Digital Five Forces’ (mobility and pervasive computing, cloud, big data, artificial intelligence and robotics and Social Media) to improve governance and compliance. In addition, controllers are increasingly responsible for forecasting, planning and variance analysis above and beyond their transactional management roles. CFOs and controllers globally depend on TCS to help them meet business goals, with TCS’ transformation methodology FORE™, industry domain expertise, risk management and compliance services and platforms are helping them get there.
About the Magic Quadrant
Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.
About TCS Business Process Services (BPS)
Business Process Services (BPS) at TCS is about managing & executing business operations. Our domain expertise helps deliver core business processing across industries, analytics & insights and support processes such as accounting, HR and supply chain management. TCS partners with customers to accelerate co-transformation, and generates business value for customers through delivery excellence, risk management and through innovative models such as Platform BPS which delivers process as a service. With annual BPS revenues of greater than US$ 1.6 billion, TCS is one of the largest BPS providers with 60,000+ employees servicing 275+ customers across the globe.
About Tata Consultancy Services Ltd. (TCS)
Tata Consultancy Services is an IT services, consulting and business solutions organization that delivers real results to global business, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT, BPS, infrastructure, engineering and assurance services. This is delivered through its unique Global Network Delivery Model™,recognized as the benchmark of excellence in software development. A part of the Tata group, India’s largest industrial conglomerate, TCS has over 300,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $13.4 billion for year ended March 31, 2014 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us at www.tcs.com.
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