Tata Consultancy Services (TCS), a global IT services, consulting and business solutions organization, has been recognized as a Leader in the NelsonHall NEAT for Procurement Transformation.
According to the report, TCS looks to continue driving procurement engagements with a consulting-led approach while investing in digital to support future growth. TCS was recognized for its range of proprietary source-to-pay tools, as well as its experience in applying RPA in the procure-to-pay function and buying channel selection. Highlighted as a key strength was its proprietary cognitive procurement solution – TCS Cognix for Procurement – with a focus on enhancing the user experience. Additionally, it highlighted TCS’ potential to cross-sell procurement to other enterprise business services clients with further opportunities created by the launch of Cognix plug-and-play solutions.
“To meet changing consumer demands, manage supply volatility and drive cost and sustainability objectives, enterprises need to digitally reimagine their procurement operations, leveraging an AI-driven human-machine paradigm to deliver resilient supply networks, consolidate strategic spends and gain deep operational insights,” said Ashok Pai, Global Head, Cognitive Business Operations, TCS. “Our Leadership position in this assessment is a recognition of our vision, strategy and investments aimed at developing future-ready and differentiated offerings and our demonstrated ability to deliver superior business outcomes for our customers.”
TCS offers a comprehensive portfolio of consulting-led procurement solutions across the source-to-pay value chain covering spend management, strategic sourcing and category management, contract management, supplier management, master data management, and transactional procurement. TCS’ large team of global procurement experts leverages its strong advisory and technology services, contextual knowledge of the customer’s business, and proprietary solutions such as TCS Cognix, an AIdriven human-machine collaboration suite, to drive procurement transformations for enterprises, the statement said.
Alisa Samoylova, Procurement BPS Market Analyst, NelsonHall, said: “TCS has been recognized as a Leader for continuous investment in the procurement transformation space. It has a wide range of proprietary S2P tools and significant experience in automating clients’ procurement, particularly P2P. TCS continues to show commitment to the procurement services market by investing in digital solutions and further developing onshore and nearshore delivery centers.”
HrNxt.com Newsdesk has researchers and writers with an excellent domain knowledge about the talent ecosystem, and the business environment. The team keeps a tab on the latest happenings in the ecosystem to bring most relevant news and insights for our readers. You can connect with our newsdesk at newsdesk@hrnxt.com.