SME Times is powered by   
Search News
Just in:   • 'China on solid path of economic recovery from pandemic shock'  • Power PPAs cannot be terminated during insolvency process  • US trade embargo causes $144bn losses for Cuban economy  • GST return filing deadline extended, again  • Huawei reports 9.9% revenue growth in first 3 quarters of 2020 
Last updated: 15 Jun, 2017  

TCS TAP Platform Recognized as Strong Performer in eProcurement

NewsVoir | 14 Jun, 2017


Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS), a leading global IT services, consulting and business solutions organization, today announced that it has been recognized as a ‘Strong Performer’ in eProcurement Products by Forrester Research, Inc., a leading independent research company, in their report, “The Forrester Wave™: eProcurement, Q2 2017,” authored by Duncan Jones, VP and Principal Analyst.

 

Forrester analyzed 12 top eProcurement product offerings with criteria such as requisition creation, approval, invoice processing, reporting and supplier adoption.

 

The report cited TCS’ strong focus on end-user usability, which is vital to drive wide adoption by employees’ consent. It found that TCS TAP™, a proprietary cloud solution for procure-to-pay functions, handles all type of invoices, but is “particularly effective in automating three-way matching of high invoice volumes, due to its artificial-intelligence-powered engine for matching invoices with purchase order receipts". Furthermore, Forrester observed that TCS customers report significant reductions in invoice processing cost and lead times and TCS TAP™ is a “particularly good option for large enterprises with shared services procurement or finance that want to improve control of employee procurement while also automating invoice processing.”

 

“TCS TAP™ leverages technology to drive eProcurement automation and enables efficient processes for savings. We continue to invest and innovate to help customers transform their buying processes into modern, intelligent and touchless sources to pay,” said Raj Agrawal, Global Head, TCS Platform Solutions. “We are pleased that TCS TAP™, in this evaluation, has been recognized by Forrester as a Strong Performer.”

 

About Tata Consultancy Services TAP™

TAP™ is Tata Consultancy Services’ proprietary cloud solution for procure-to-pay functions, enabling organizations to manage catalogs, requisitions, purchase orders, invoices and payments. TAP™ brings digital levers with cloud, mobility, self-service and embedded analytics. With pre-built integrations, TAP™ complements ERPs and enables shared services organizations to work efficiently. TAP™ delivers transformational value through digitization, standardization and consolidation of fragmented processes. Our customers benefit from reduced purchasing and invoice processing costs, improved user adoption, better enforcement of purchasing policies and enhanced supplier collaboration. TAP™ accelerates transformation with ready-to-deploy modules and reduces TCO with transaction based pay-per-use pricing.

 

For more information, visit https://www.tcs.com/tap-procure-to-pay.

 

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 387,000 of the world’s best-trained consultants in 45 countries. The company generated consolidated revenues of US $17.58 billion for year ended March 31, 2017 and is listed on the BSE Limited and National Stock Exchange of India Limited.

 

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 media contacts:

 

Global
 
   

Email: pradipta.bagchi@tcs.com Phone: +91 22 6778 9999

Europe
 
   

Email: abhinav.kumar@tcs.com Phone: +32 2282 1927

UK
   

Email: ashish.babu@tcs.com| peter.devery@tcs.com Phone: +44 078 418 92227 | +447764 835 773

India
 
   

Email: h.ramachandra@tcs.com| shamala.p@tcs.com Phone: +91 22 6778 9078 | +91 22 6778 9081

USA / Canada
 
   

Email: b.trounson@tcs.com Phone: +1 646 313 4594

Asia Pacific
 
   

Email: sean.davidson@tcs.com Phone: +65 9139 3668

Australia and New Zealand
   

Email: alex.goldrick@tcs.com                                                                         Phone: +61 (2) 8456 2800

Latin America
   

Email:martin.karich@tcs.com

Phone: +569 6170 9013

Nordics
   

Email: jirimiko.oranen@tcs.com

Phone :  +358 40 756 6655

Japan
   

Email: douglas.foote@tcs.com

Phone: +81 080-2115-0989
 

 
Print the Page Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 25 Oct, 2020
  Daily Poll
COVID-19 has directly affected your business
 Yes
 No
 Can't say
  Commented Stories
» 'Centre open to further economic stimulus'(1)
» Delay in dealing with GST refund delays(1)
» NPAs hurdle to banks' rate cut transmission(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter