Companies look beyond mere cost reduction and focus on creating new revenue streams. They need to make significant improvements of performance metrics while managing large pockets of inefficiencies. Simultaneously, they mitigate financial risks and ensure compliance with the evolving regulatory norms. TCS’ Finance & Accounting Services can elevate the role of the finance function in your organization. TCS operates as an extended controllership arm providing Finance & Accounting services.
- Understanding of procure to pay cycle
- Timeliness & accuracy for processing of the invoices – receiving and validating invoices, posting of invoices, request for new vendors or for changing the vendors in a prompt and accurate manner
- Account Reconciliations – reconcile & clear the vendor and other payables related accounts
- Payment Processing – execute / check payment run, identify amendments / additions / removals if necessary and correspond with respective parties for approval purpose