Medplus Health Shares Surge for Fourth Straight Session Following ₹552-Crore Block Deal
TCS bags multi-year deal from the BBC
Last Updated: 21st July 2023 - 05:42 pm
Tata Consultancy Services (TCS), a global IT services company, has partnered with the British Broadcasting Corporation (BBC) in an exciting multi-year collaboration. The aim is to transform BBC's finance and payroll operations, making them more efficient and effective.
The financial details of the deal were not disclosed, but it highlights TCS's success in the United Kingdom, where it has secured several significant contracts in 2023.
The main goal of this partnership is to upgrade various finance processes at BBC using the latest digital technologies. By doing so, both TCS and BBC expect to improve efficiency, reduce processing time, and achieve better overall results.
As part of the agreement, TCS will manage application processes supporting BBC's finance, procurement, and HR functions. Additionally, TCS will introduce a new payroll platform with integrated analytics to streamline BBC's payroll processes and ensure smoother operations.
Amit Kapur, the Country Head for UK and Ireland at TCS, expressed excitement about this opportunity to transform BBC's finance and payroll functions. He emphasized that this partnership further solidifies TCS's position as a leader in providing transformative business services to the media and entertainment industry. With a large workforce spread across 30 locations in the UK, TCS is the biggest software and IT services provider in the country.
Throughout 2023, TCS has achieved significant success in the UK, securing multi-billion dollar deals with various organizations, including NEST, Marks & Spencer, Teacher's Pension Scheme, and the Phoenix Group.
BBC chose to partner with TCS due to the company's proven expertise in delivering advanced technology solutions. By teaming up with TCS, BBC aims to enhance its financial capabilities and simplify its payroll processes, allowing the broadcaster to focus on delivering top-notch content and news to audiences worldwide.
Trending on 5paisa
04
5paisa Research Team
Discover more of what matters to you.
Indian Market Related Articles
Disclaimer: Investment in securities market are subject to market risks, read all the related documents carefully before investing. For detailed disclaimer please Click here.