TCS to build new financial management system for International Organization for Migration
August 03, 2007

Tata Consultancy Services will build and implement an integrated financial management solution for the International Organization for Migration (IOM) aimed at meeting the resource management challenges of a continually growing organisation.

In a multi-year engagement, TCS will implement a comprehensive system that will provide a global solution for a range of functions such as accounting, budgeting, donor relations, treasury, funds, grants management and donor reporting amongst others. The system will also provide a corporate financial tool connecting IOM’s field missions across the world.

A major challenge for IOM — with 320 locations worldwide and multiple donors — is to have a constant, up-to-date view of engaged funds on specific projects and to meet diverse donor reporting requirements.

Headquartered in Geneva with a 120 member states, IOM is an inter-governmental organisation that assists overseas workers, governments and other partners on global migration issues and on meeting the operational challenges of migration through practical solutions.

"We have a vast array of financial responsibilities towards our donors and other stakeholders. As such, a key priority is to ensure that our financial operations are running smoothly and efficiently and that we remain cost effective. We are confident that TCS’ expertise and experience will help us realise this objective," said Brunson McKinley, IOM Director General.

N Chandrasekaran, executive vice president and head (global sales and operations), TCS, said: "TCS has a proven track record for delivering highly customised solutions to global organisations. Devising and delivering a new global financial system for the International Organization for Migration further validates our capabilities in this arena and will help IOM and its donors to experience certainty in financial reporting and management."

About IOM
The International Organization for Migration (IOM) is an intergovernmental organisation committed to the principle that humane and orderly migration benefits migrants and society. Established in 1951, IOM has more than 320 field locations and 120 member states and 89 observer states and intergovernmental and non-governmental organisations. IOM assists in meeting the operational challenges of migration, advances understanding of migration issues and encourages social and economic development through international migration.