Company:


Industry:

  • White Papers
  • TCS India Cloud Blog
  • Breaking Cloud News
  • Competitive Intelligence
  • Cloud POV
  • Disclaimer
  • Key Contacts
  • Company Information
    • Press Kit
    • Factsheet
  • Videos
  • Social Media Presence
  • Executive BIOs
  • Press Releases
  • News Coverage
  • CXO Desk
    • Interviews

Bookmark and Share
17 July 2012

Tata Consultancy Services’ F&A platform to ensure on-time accounting for SAS, Europe’s most punctual airline

·         Scandinavia’s largest airline will adopt TCS’ proven cloud-based Finance & Accounting platform
·         Multi-year agreement to improve productivity of processes across SAS’ 30+ country operations
Stockholm : Tata Consultancy Services (TCS), (BSE: 532540, NSE: TCS) a leading IT services, consulting and business solutions organization, announced that it has entered into a multi-year agreement with Scandinavian Airlines (SAS), wherein SAS will adopt TCS’ Finance and Accounting (F&A) platform for its operations across 30+ countries. Founded in 1946, SAS is the Scandinavian region’s largest airline and holds the reputation of being Europe’s most punctual airline.
 
The selected TCS platform addresses the key objectives SAS defined from the project's inception - to simplify, standardize and automate processes with one solution instead of multiple solutions, as well as to integrate best practices and drive productivity improvements. Additionally, TCS’ experience with large scale strategic projects and the partnership based approach towards their customers was especially appealing to us, said Håkan Borglund, Vice President Back Office Systems, SAS Group.
 
The agreement underscores TCS’ non-linear growth strategy in key markets. The TCS F&A platform provides pre-built and pre-configured financial processes, tools, which make it an efficient and rapid solution to implement. It will be provisioned under a Cloud model including infrastructure, applications, IT maintenance and multiple platform developments over the duration of the engagement. The platform is designed to conform to the latest global statutory and legal norms, such as IFRS and GAAP.
 
“SAS is renowned for being the most punctual airline in Europe. The TCS’ F&A Platform, with its’ metrics driven delivery model, will assure SAS of accuracy, timeliness and total control over its financial processes. We look forward to working with SAS and providing them the benefits of an industry leading solution that is enriched by our global best practices,” said Raj Agrawal, Global Head of TCS Platform Solutions.
 
TCS’ Nordic operations comprise over 4,500 professionals working across Sweden, Finland, Norway, Denmark and Iceland. TCS had recently been recognized by a KPMG survey of 340 top Nordic companies as the #1 company in terms of customer satisfaction for the third consecutive year.
 
“One of our defining values is to help customers lead change. We have been advising over 75 clients towards the evolution of their cloud strategies and helping them stay ahead of the curve in their industries. SAS’ choice reconfirms the findings from TCS’ 2012 cloud adoption study of over 600 large global companies, which concluded that the needs to standardize business operations and underlying applications along with flexibility are the two most significant drivers for cloud adoption,” said Amit Bajaj, Head, Nordic and Baltic Region, TCS.
 
About SAS Scandinavian Airlines
SAS Scandinavian Airlines is Northern Europe’s leading airline with almost 700 daily flights to close to 100 destinations in Scandinavia, Europe, the U.S. and Asia. SAS offers a wide range of innovative travel solutions in order to make customers’ travel as time efficient and smooth as possible. SAS is also Europe’s most punctual airline for the third year in a row. For more information, please see: www.sasgroup.net.
About Tata Consultancy Services Ltd. (TCS)                                                                                                                          
Tata Consultancy Services is an IT services, consulting 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 IT, BPO, infrastructure, engineering 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 243, 000 of the world’s best-trained consultants in 42 countries. The company generated consolidated revenues of US $10.17 billion for year ended March 31, 2012 and is listed on the National Stock Exchange and Bombay Stock Exchange in India. For more information, visit us atwww.tcs.com.
TCS Cloud Adoption study: www.tcs.com/cloudstudy
KPMG Survey: http://www.tcs.com/news_events/press_releases/Pages/Three-time_1_spot_client_satisfaction_TCS_Nordic_region.aspx
Media Contacts, Tata Consultancy Services:
 
Global
+91 22 67789999
 
Europe
+32 22821927
UK
+44 078 418 92227
India
+91 22 6778 9078
+91 22 6778 9081
USA/Canada:
+1 646 313 4594
Asia Pacific
+65 9139 3668
Nordic Region
+46 701 043 747
+46 707 160 68
Denmark
+45 61 30 33 82
 
Media Contacts, SAS Scandinavian Airlines:
 
Global
+46 709 97 3394

Cloud News India shares daily Information Technology Press Releases along with Online Marketing support for companies through our various products and services in the Indian Cloud Space e.g. Media Monitoring, Competitive Intelligence Tracking, Lead Generation Programs, and Creating Thought Leadership Platforms through Branded Content.

In case you are looking at promoting your Brand on the Cloud News India Platform e.g. showcasing your POV on Cloud, Highlighting your Video Channel, Better Social Media Integration, Create Exclusive Messaging for your product and services, please feel free to contact us.

Bookmark and Share
  • Search

    Search for:




  •  
  • Featured Video

    Avaya Acquires Radvision

  • Featured Image

    How To Survive in the Cloud

  • Twitter Updates

      follow CloudNewsIndia on Twitter »

    You must be logged in to view this item.





    This area is reserved for members of the news media. If you qualify, please update your user profile and check the box marked "Check here to register as an accredited member of the news media". Please include any notes in the "Supporting information for media credentials" box. We will notify you of your status via e-mail in one business day.