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Tata Consultancy Services TAP Platform Recognized as a Strong Performer in eProcurement

Tata Consultancy Services TAP Platform Recognized as a Strong Performer in eProcurement
Tata Consultancy Services TAP Platform Recognized as a Strong Performer in eProcurement
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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.

Tata Consultancy Services TAP Platform Recognized as a Strong Performer in eProcurement 

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 servicesconsulting 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 ITBPSinfrastructureengineering 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.comPhone: +91 22 6778 9999

Europe 

Email: abhinav.kumar@tcs.comPhone: +32 2282 1927

UK

Email: ashish.babu@tcs.competer.devery@tcs.comPhone: +44 078 418 92227 | +447764 835 773

India 

Email: h.ramachandra@tcs.comshamala.p@tcs.comPhone: +91 22 6778 9078 | +91 22 6778 9081

USA / Canada 

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

Asia Pacific 

Email: sean.davidson@tcs.comPhone: +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


Tata Consultancy Services TAP Platform Recognized as a Strong Performer in eProcurement
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