Mumbai: Tata Consultancy Services (TCS), a leading IT services, consulting and business solutions organisation, today announced that it has been positioned by Gartner in the Leaders Quadrant in its report, Magic Quadrant for Finance and Accounting BPO, authored by Cathy Tornbohm and published May 30, 2012.
Gartner’s F & A Magic Quadrant evaluates vendor capabilities in the comprehensive F & A business process outsourcing market among 18 providers. Gartner recommends using this Magic Quadrant to help identify and evaluate the right providers to support an organisation.
As the report says, "'Yes, you can provide F & A BPO, but do you know my industry?' is a more frequent concern of buyers in selecting a provider. Buyers must look at a provider's quality, vertical market expertise (which is increasingly becoming important as providers learn about specific industries' finance needs, such as payment terms and supplier types), and global delivery models to ensure a full evaluation of the provider's abilities.”
“We believe our positioning in the Leaders Quadrant is a testament of the uniqueness of our pioneering vision, strategy and ability to execute in the finance and accounting space,” said Abid Ali Neemuchwala, global head, of TCS BPO services. “TCS’ investments in building industry vertical expertise in F & A, our proven transformation methodology - FORE™, delivering best in class processes, our business model innovation of F & A platform solution delivering business process as a service and unrelenting focus on analytics, risk and controllership are all geared to meet the customer’s needs for an effective and efficient finance function.”
TCS’ F & A services help CFOs and controllers in creating visibility and transparency around capital and assets, in identifying, managing and mitigating risks and in tightening budgeting and planning to meet and exceed performance expectations. This helps organisations today to expand the focus of controllership beyond robust execution and financial efficiency to a more strategic and proactive growth enabler.