London, UK 15 th September 2008 – B.I.S.S. Research, the exclusive research company offering a unique benchmarking of services and systems in the financial services sector, today announced that TCS B α NCS, one of the leading investment banking systems has achieved the B.I.S.S. 2008 Corporate Finance Accreditation.
Gary Wright, C.E.O., B.I.S.S. Research and creator of the B.I.S.S. business benchmarking concept said “TCS Financial Solutions are the first software company to build a system that brings high degrees of control and services to corporate finance.
Deals emanating from corporate finance are normally the largest, carrying most operational and reputational risk and TCS Financial Solutions has tackled these problems and produced a solution in TCS B α NCS, which significantly decreases risk but also improves client services.
The benchmarking report highlights the enormous value of TCS B α NCS to investment banks engaged in corporate finance and other primary market activities in equity, fixed income and derivative products. The report also identifies procedures in the corporate finance department where marketing is important and where TCS B α NCS could be easily enhanced to produce a solution.
Once completed this would produce yet another module making this system a truly remarkable product and an absolute necessity for all corporate finance business.”
N. Ganapathy Subramaniam, President TCS Financial Solutions said” We are delighted that once again B.I.S.S. Benchmarking has proven TCS B α NCS to be leading the market in Corporate Finance systems solutions. We are always striving to address the deep problems Corporate Finance users grapple with, namely inflexible customer service architectures and increasingly high risk environments. TCS B α NCS accreditation establishes that it is just the right solution for Corporate Finance with a functionally rich system backed by great expertise”.
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About B.I.S.S. Research
B.I.S.S. Research is an independent company providing analysis of technology and services of suppliers in the Global financial services industry. B.I.S.S.
Research analysts are all from a business to IT background with a long track record of procurement in the financial services market place, which enables them to produce unique and valuable assessments of technology and services and their value to the supplier and the market place.
For more information, visit us at www.bissresearch.com
About TCS Financial Solutions
TCS Financial Solutions is a strategic business unit of Tata Consultancy Services.
Dedicated to providing business application solutions to financial institutions globally, TCS Financial Solutions has compiled a comprehensive product portfolio under the brand name of TCS B α NCS. Our mission is to provide best of breed solutions that will drive growth, reduce costs, mitigate risk and offer a faster speed to market for our clients. With a global customer base of more than 240 institutions operating in over 80 countries, TCS Financial Solutions delivers stateof-the-art software solutions for the banking, insurance and capital markets industries worldwide. For more information, visit us at www.tcs.com/bancs
About Tata Consultancy Services Ltd (TCS)
Tata Consultancy Services is an IT services, business solutions and outsourcing organization that delivers real results to global businesses, ensuring a level of certainty no other firm can match. TCS offers a consulting-led, integrated portfolio of IT and IT-enabled services 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 116,000 of the world's best trained IT consultants in 50 countries.
The company generated consolidated revenues of US $5.7 billion for fiscal year ended 31 March 2008 and is listed on the National Stock Exchange and Bombay
Stock Exchange in India. For more information, visit us at www.tcs.com
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