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TCS and Celonis Partner to Help Enterprises Adopt Process Mining to Drive Superior Business Outcomes
Tata Consultancy Services to Leverage its Machine First™ Approach Along with Celonis’ Process Mining Technology to Transform Business Operations for Greater Resilience and Efficiency
MUNICH | MUMBAI, July 2, 2020: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, and Celonis, the market leader in AI-enhanced process mining and process excellence software, have announced a new global partnership to help customers streamline their business processes for greater operational resilience and efficiency.
TCS will help customers adopt process mining to analyze processes, identify bottlenecks and exceptions, and optimize or redesign them with a greater leverage of intelligent automation. Process mining entails extraction of granular event data from the enterprise’s systems of records to reconstruct and visualize process flow across the enterprise, and use the power of analytics and machine learning to gain insights that can be used for process optimization and redesign.
The partnership will leverage Celonis’ Process Mining platform, which provides automated process discovery, mapping, control, and optimization capabilities, to target a broad range of areas such as finance and accounting, supply chain, procurement, human resource, customer service and industry-specific processes.
TCS will use the insights gained from process mining to transform those processes using its Machine First™ approach and harnessing the power of cloud, analytics, IoT, machine learning and AI technologies, to deliver superior business outcomes. In the current COVID-19 situation, where enterprises are looking to streamline cash flows, insights from process mining can be used to reduce late payments, shorten credit terms, and ensure error-free invoices in real time. Likewise, enterprises can make their supply chain operations responsive and adaptive by monitoring critical materials sourced from affected regions, and switch to alternatives from less affected regions.
“Process mining is the new force multiplier in enterprise operations. Combining it with our Machine First solutions, we will help customers accelerate the digital transformation of their business operations,” said Ashok Pai, Global Head, Cognitive Business Operations, TCS. “This partnership with Celonis brings together the strengths of both organizations to deliver exponential business value and enhance customer experience for global enterprises.”
“We are very excited to partner with TCS to create frictionless experiences and superfluid operations for global enterprises. This will help companies boost both their top line and bottom line by aligning, optimizing and transforming operations. This strategic partnership will help to significantly accelerate business transformation programs for our joint customers and improve value creation for organizations,” said Bastian Nominacher, co-Founder and co-CEO, Celonis.
About Tata Consultancy Services Ltd. (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 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent AgileTM 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 448,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22 billion in the fiscal year ended March 31, 2020, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) 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 Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.
To stay up-to-date on TCS global news, follow @TCS_News.
About Celonis
Celonis, the market leader in AI-enhanced Process Mining and Process Excellence software, transforms data into insight and action. The company empowers organizations to rapidly understand and improve the operational backbone of their businesses. Companies around the world including Siemens, 3M, Airbus and Vodafone rely on Celonis to guide action and drive change to business processes, resulting in millions of dollars of cost savings and improved customer experiences. The company is based in Munich and New York. For more information, visit us at www.celonis.com.
Celonis Media Contacts
Adrienne Todd, Communications Manager, Celonis | a.todd@celonis.com | 1 615 305 2986
About Tata Consultancy Services Ltd. (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 50 years. TCS offers a consulting-led, cognitive powered, integrated portfolio of business, technology and engineering services and solutions. This is delivered through its unique Location Independent AgileTM 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 448,000 of the world’s best-trained consultants in 46 countries. The company generated consolidated revenues of US $22 billion in the fiscal year ended March 31, 2020, and is listed on the BSE (formerly Bombay Stock Exchange) and the NSE (National Stock Exchange) 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 Dow Jones Sustainability Index (DJSI), MSCI Global Sustainability Index and the FTSE4Good Emerging Index. For more information, visit us at www.tcs.com.
To stay up-to-date on TCS news in North America, follow @TCS_NA. For TCS global news, follow @TCS_News.
TCS Digital Software & Solutions Group media contact:
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