TCS JOINS HAND WITH TOP MARKET LEADER TO HELP STREAMLINE BUSINESS: REPORT!   

Leading IT service company - Tata Consultancy Services (TCS) announced a new global partnership with Celonis, which is known to be the market leader in AI-enhanced process mining and process excellence software. 

This partnership will help customers to streamline their business processes for greater operational resilience and efficiency.

According to a Business Standard report, through this partnership, TCS will help customers adopt process mining to analyze processes, identify bottlenecks and exceptions, and optimize or redesign them with a greater leverage of intelligent automation. 

Highlitening about process mining, it entails extraction of granular event data from the enterprise's systems of records to reconstruct and visualize process flow across the enterprise. In this process mining, they use the power of analytics and machine learning to gain insights that can be used for process optimization and redesign, Business Standard further reported. 

Pointing the highlights on this partnership: 

- Celonis' Process Mining platform will provide automated process discovery

- mapping, control, and optimization capabilities, to target a broad range of areas such as finance and accounting

- supply chain, procurement, human resource, customer service and industry-specific processes

- From process mining, TCS will use the insights to transform those processes using its Machine First approach

-  It will also help to harness the power of cloud, analytics, IoT, machine learning and AI technologies, to deliver superior business outcomes. 

Especially at a time when the world is under crisis due to COVID-19, process mining can be used to reduce late payments, shorten credit terms, and ensure error-free invoices in real time.