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CMC receives certificate of recognition for excellence in Corporate Governance by ICSI
Source: Live Mint / 23 December 2014

CMC has been recognised by the Institute of Company Secretaries of India (ICSI) as one of the top 7 companies in India for consistently fostering excellent corporate governance practices. The Company was conferred with the Certificate of Recognition for the fifth time in a row at the 14th ICSI National Award for Excellence in Corporate Governance - 2014 presentation ceremony held at New Delhi on December 19, 2014.

National champions of TCS IT Wiz 2014
Mr. N. Chandrasekaran, CEO & MD, TCS is quoted.
Source: / 22 December 2014

CHENNAI, December 22, 2014: TCS IT Wiz, the most keenly contested and biggest quiz programme across India and UAE for schools witnessed a tough battle and high voltage drama with 7 outstanding teams - six from India and one from UAE vying for the Championship title at the Mega finals of TCS IT Wiz 2014 at the picturesque Taj Lands End Hotel, Mumbai.

The TCS IT Wiz which was held between August - November 2014 across 14 locations in India- Ahmedabad, Bangalore, Bhubaneswar, Chennai, Coimbatore, Delhi, Hyderabad, Indore, Kochi, Kolkata, Lucknow, Mumbai, Nagpur and Pune witnessed over 18, 432 students of class 8-12 from over 1900 schools participating at the Regional level.

The Guest of Honour Mr. N. Chandrasekaran, CEO & MD, TCS who distributed the prizes remarked, "I am amazed and bowled over not only by the knowledge and intellect but also the strategy deployed by the teams. They have a lot of talent. I want to congratulate all the teams; everyone played very well".

Everest Group recognizes TCS as a Leader in Banking BPO
Mr. Abid Ali Neemuchwala, Global Head, Business Process Services at TCS is quoted.
Source: Equity Bulls / 22 December 2014

Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) has been recognized as a 'Star Performer' and 'Leader' in Banking BPO by Everest Group in its report, "Banking BPO - Service Provider Landscape with PEAK MatrixTM Assessment 2014," October 2014.

TCS' positioning as a Leader is a result of its overall composite score on the back of its strong analytics capabilities, coupled with technology enabled services and dominant presence across all banking processes. Its designation as a Star Performer is based on its year-on-year movement on the PEAK Matrix.

The Everest Group report analyzed the relative positioning of 23 service providers using its Performance, Experience, Ability, and Knowledge (PEAK) Matrix for Banking BPO. Everest Group also analyzes service provider capabilities across multiple dimensions, including market success, scale, scope, technology capability, delivery footprint, and client satisfaction. The service providers are divided into three categories based on performance: Leaders, Major Contenders and Emerging Players.

"TCS' positioning as a Leader and Star Performer is a testament to its ability to continuously keep pace with the evolving demands in an increasingly digital and regulated Banking world," said Rajesh Ranjan, Partner and Head, BPS Research, Everest Group. "Focused offerings in high growth areas such as analytics, risk management, and regulatory compliance underpinned by technology and delivery footprint investments helps it succeed in the market place."

"It is exciting to again be recognized as a banking 'Star Performer' and a 'Leader' in by the Everest Group for Banking BPS thanks to our clients acknowledging the value we bring to their operations," said Abid Ali Neemuchwala, Global Head, Business Process Services at TCS. "TCS partners with global leaders in banking to help them drive their simplification and digital re-imagination journeys. We continue to invest in building the expertise, industry platforms and solution accelerators, and creating innovative value propositions that help banks to accelerate growth, improve their customer experience and manage risks as their transform their business."

Across the globe, banks are working towards improving customer experience, while managing regulatory pressures and increasing capital demands in a volatile economy. TCS BPS is helping banks achieve these objectives with its operational and technology excellence, and predictive and prescriptive analytics expertise, through utilization of TCS' FORE simplification methodology, Robotic Process Automation framework, cloud platforms, analytics, and TRAPEZE solution.

Tata Consultancy Services - Experience certainty
Source: Onesource - The Finance Director Europe / 20 December 2014

The Finance function of the future will continue to be key in driving an organization's strategic agenda and play a far wider role than in the past. The function has evolved from providing governance on transactional financial processes, to providing strategic guidance to business leaders. This expansion of responsibilities gives the Finance function, headed by CFOs, an oversight of an organization's vision and priorities. Heads of Finance are expected to drive business growth by making their operations more agile.

Our research found that 95% of CFOs cited greater flexibility and agility as their top priorities, though costs continue to be an immediate goal for a substantial majority. Increased employee efficiency and productivity can help to reduce costs, but areas in an organization's business and finance operations limit the true potential of this effort.

To maximize an organization's potential, CFOs (the Finance Function) need tools, technology and processes that can drive outcomes - and these need to come together seamlessly to deliver sustained results. We believe that the digital five forces led by mobility and pervasive computing, big data and analytics, social media, cloud, artificial intelligence and robotics will help to catalyse change through business and process disruptions.

Finance and accounting services
TCS' finance and accounting services can elevate the role of the finance function in your organization.

TCS operates as an extended controllership arm providing finance and accounting services, and managing and executing finance functions spanning the following:
  • payable
  • receivable
  • general ledger
  • reporting and compliance
  • budgeting and forecasting

TCS drives robust execution at an optimal cost, helps manage the fiscal and regulatory risks, and assists the business in accelerating growth.

TCS's FORE methodology not only helps improve efficiency but also drives effectiveness through improved KPIs such as DSO and profit recovery.