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      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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      17 Jul 2025 TCS Ranked Among Top 20 Global Technology Brands in Brand Finance Tech 100 2025 List
      15 Jul 2025 TCS & MIT Sloan Management Review Launch New Research Series; Unveil Roadmap for Human-AI collaboration in Enterprises
      10 Jul 2025 Robust Order Book and Operational Resilience mark TCS’ Q1
      View all
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      16 Jul 2025 TCS Launches AI-Powered Research & Innovation Centre in Singapore to Accelerate Enterprise Innovation at Scale
      09 Jul 2025 TCS Launches ‘Gen AI Tech Pathway’ in its STEM Education Program goIT
      03 Jul 2025 TCS Unveils the 2025 Edition of TCS InQuizitive Across 12 Indian Cities, To Spotlight India’s Brightest Young Minds
      View all
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      Recent recognitions

      17 Jul 2025 TCS a Leader in Life and Annuities Insurance BPS and Third-Party Administrator Services: Everest Group
      15 Jul 2025 TCS Recognized as a Leader in Healthcare Provider Digital Services by Everest Group
      01 Jul 2025 TCS Recognized as a Leader in Pharmacovigilance Operations Services by Everest Group
      View all
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    TCS a Leader in Digital Finance and Accounting Business Process Services: IDC MarketScape

    Share TCS a Leader in Digital Finance and Accounting Business Process Services: IDC MarketScape
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    Tata Consultancy Services' CogniX™ for Finance, Consulting-led Transformation Capabilities, and Domain Expertise Help It Deliver Future-ready and Intelligent Finance Operations

    NEW YORK | MUMBAI, March 04, 2021: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, has been recognized as a Leader in the IDC MarketScape for Worldwide Digital Finance and Accounting Business Process Services1.

    The report analyzes 14 finance and accounting business process services providers, specifically looking at their digital capabilities to deliver F&A services including intelligent workflow or automation, robotic process automation, cloud/platforms, business process as a service, and blockchain.

    “In the Business 4.0™ world, CFOs are playing a key role in the organizational strategies, leading the pursuit of new business models. TCS CogniX™ for Finance, an AI-driven human-machine collaboration suite, helps CFOs expedite the digital transformation agenda and champion purpose-driven, adaptive, and resilient operations for accelerated growth,” said Ashok Pai, Global Head, Cognitive Business Operations, TCS. “Our Leadership position in this assessment is a recognition of our vision, strategy and investments aimed at developing future-ready and differentiated offerings and our demonstrated ability to deliver superior business outcomes for our customers.”

    TCS CogniX, powered by TCS’ Machine First™ Delivery Model (MFDM™), helps enterprises gain a competitive edge through cognitive operations. It helps enterprises embrace a culture of continuous innovation, deliver an enriched experience and gain exponential business value.

    TCS CogniX for Finance orchestrates multiple technologies, platform solutions, process benchmarking and service transformation frameworks to deliver future-ready finance operations for CFOs. It contextualizes solutions to industries and harnesses knowhow from a vast expanse of customer operations to realize a configurable enterprise. Its ecosystem of pre-built solutions spanning the finance and accounting value chain are well positioned to address varied digital requirements. These easy-to-deploy, modular and scalable value builders with pre-built accelerators and frameworks help accelerate digital transformation journeys for customers.

    Examples of value builders include predictive journal entry, intelligent reconciliation, month-end cockpit, and cash-flow command center. These bring together multiple digital levers to address specific business KPIs and have helped deliver superior business outcomes such as improved working capital, optimized cash flow, improved user experience, and enhanced controllership for customers across the globe.

    TCS’ digital finance solutions include intelligent insights powered by TCS’ autonomous enterprise software, ignio™, cloud-based P2P platforms, intelligent visualization and persona-based dashboards, AI-based chatbots, OCR/ ICR solutions, mobility-based workplace solutions, and advanced analytics solutions.

    “With its comprehensive portfolio of services spanning across the finance value chain, its deep industry knowledge and contextual know-how backed by investments in technology and innovation, TCS is well positioned to help progressive CFOs re-imagine their finance operations,” added Ashok Pai.

    About IDC MarketScape

    IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of ICT (information and communications technology) suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT and telecommunications vendors can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective vendors.

    ABOUT TATA CONSULTANCY SERVICES (TCS)

    Tata Consultancy Services is an IT services, consulting and business solutions organization that has been partnering with many of the world’s largest businesses in their transformation journeys for over 55 years. Its consulting-led, cognitive powered, portfolio of business, technology and engineering services and solutions is delivered through its unique Location Independent Agile™ delivery model, recognized as a benchmark of excellence in software development.

    A part of the Tata group, India's largest multinational business group, TCS has over 615,000 of the world’s best-trained consultants in 55 countries. The company generated consolidated revenues of US $27.9 billion in the fiscal year ended March 31, 2023, and is listed on the BSE and the NSE in India. TCS' proactive stance on climate change and award-winning work with communities across the world have earned it a place in leading sustainability indices such as the MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit www.tcs.com  

     

    TCS media contacts

    Corporate Communications & India

    corporate.communications@tcs.com

    saxena.kritika@tcs.com

    +91 22 6778 9999

    shreya.bhandary@tcs.com

    +91 22 67789098 

    Asia Pacific

    y.tham@tcs.com

    +65 9720 9005

    Canada

    tiffany.fisher@tcs.com

    +1 416 456 7650

    Latin America

    alma.leal@tcs.com

    +521 55 2095 6098

    Australia and New Zealand

    francesca.newby@tcs.com

    +61 414 902 440

    Europe

    roland.bagen@tcs.com

    +46 70 3178024

    Japan

    douglas.foote@tcs.com

    +81 80 2115 0989

    Middle East & Africa

    pragya.priyadarshini@tcs.com

    +971 528656700

    UK

    priyanka.mehta@tcs.com

    +44 7921493382

    USA

    andrew.corcione@tcs.com

    +1 646 617 8221

    In the News

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    Press Releases

    TCS Ranked Among Top 20 Global Technology Brands in Brand Finance Tech 100 2025 List

    Press Releases | 17 Jul 2025   Opens in new tab
    2/4
    Press Releases

    TCS & MIT Sloan Management Review Launch New Research Series; Unveil Roadmap for Human-AI collaboration in Enterprises

    Press Releases | 15 Jul 2025   Opens in new tab
    3/4
    Press Releases

    Robust Order Book and Operational Resilience mark TCS’ Q1

    Press Releases | 10 Jul 2025   Opens in new tab
    4/4
    Press Releases

    TCS Accelerates Software-Defined Vehicle Innovation in Europe with Launch of Three New Hubs

    Press Releases | 20 Jun 2025   Opens in new tab

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