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PRESS RELEASE
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Mumbai, June 18, 2013: Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading IT services, consulting and business solutions organization, announced that it has been designated as a Leader in Finance & Accounting (F&A) BPO by Gartner, the prominent global market intelligence firm. The report, Magic Quadrant for Finance and Accounting BPO, by analyst Cathy Tornbohm, published on May 29, 2013, offers a deep analysis of the competitive positioning for comprehensive F&A BPO services by evaluating the relative placing of the main players in the market according to a variety of criteria and offering detailed strengths and cautions for each of the included vendors.
Gartner identifies providers in the “Leaders” quadrant as those that are are performing well today, both with a clear vision of market direction and by actively building competencies to sustain their Leaders position in the market. The comprehensive F&A BPO players in this quadrant generally share superior market understanding, and they 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, well-communicated and marketed sales offerings.
TCS believes that its in-depth industry domain experience, technology expertise and capabilities to generate analytics and insights from business and operations data, have positioned TCS uniquely in the marketplace. TCS’ capabilities allow its customers to benefit from the best practices adapted to their industries and their unique needs.
“We have enabled CFOs to increasingly contribute toward strategy and growth of their business by innovating the finance processes delivery,” said Abid Ali Neemuchwala, Global Head, TCS’ Business Process Services. “Our FORETM transformation methodology helps CFOs reduce risk and improve predictability through analytics, while enhancing process effectiveness and efficiencies by leveraging technology. We believe that our leadership position in the Magic Quadrant is a testimonial to this approach and the trust and confidence that CFOs place in our execution capability.”
TCS’ track record of winning and delivering large global transformational deals has helped it become recognized as the partner of choice by customers across industries. With TCS, customers experience certainty: certainty of results, partnership in transformation and leadership in their field of business.
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
TCS’ Business Process Services are about managing and executing business operations. Our domain expertise helps deliver core business processing across industries, analytics and 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 innovative models such as Platform BPO, which deliver process as a service. With over $1.4 billion in BPO revenues and 48,000+ employees across 17 countries delivering services to over 225 customers, TCS is one of the leading global domain-based BPO providers.
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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