Bangalore, July 17:
In a further push to its non-linear strategy, TCS has bagged a
multi-year outsourcing deal from Scandinavian Airlines (SAS).
According to the deal, SAS will adopt finance and accounting (F&A)
platform of TCS for its operations across 30 countries.
This platform provides pre-built and pre-configured financial processes,
tools, similar to buying software off-the-shelf, which is being increasingly
considered by companies to increase efficiency and speed of implementation.
It will be provisioned through a Cloud computing model including
infrastructure, applications, IT maintenance and multiple platform developments
over the duration of the engagement. TCS did not divulge the value of the deal.
The platform is also designed to conform to the latest global statutory
and legal norms such as IFRS and GAAP.
SAS is the Scandinavian region’s largest airline and is considered the
most punctual airline in Europe. Analysts consider this deal to be another push
into the non-linear strategy pursued by TCS.
“Revenue from travel and hospitality has grown by 3 per cent in the
first quarter of 2013 over the previous quarter and 28 per cent compared to the
same period during FY12. This non-linear strategy involves the setting up of a
platform for a particular vertical (e.g. airlines) and replicating it for
others across other geographies.
TCS will be paid by SAS on accuracy, timeliness and financial gains that
SAS accrues over the duration of the deal.
“The TCS F&A platform, with its metrics-driven delivery model, will
assure SAS of accuracy, timeliness and total control over its financial
processes,” said Mr Raj Agrawal, Global Head of TCS Platform Solutions.
TCS has presence in the Nordic region with over 4,500 professionals
working across Sweden, Finland, Norway, Denmark and Iceland.
http://www.thehindubusinessline.com/industry-and-economy/info-tech/article3648625.ece?ref=wl_industry-and-economy
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