tcs fusion accounting hub solution 1114 01

7/23/2019 TCS Fusion Accounting Hub Solution 1114 01

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Enterprise Solution

TCS Fusion Accounting Hub Solution



Stiff competition, evolving regulations, and industry demands have compelled the

organization’s finance function to evolve. With financial disclosures and regulatory

reporting becoming more complex, IT support for finance teams needs to extend beyond

operations to compliance and even the core business strategy. Enterprise-wide visibility,

analytical insights, and near real-time reporting are essential to drive timely and accurate

decision making. To retain competitive advantage, organizations need to standardize,automate, and integrate their operational processes with financial reporting and analysis,

backed by superior IT solutions.

Tata Consultancy Services’ (TCS’) Fusion Accounting Hub (FAH) solution leverages the

Oracle Fusion Accounting Hub and serves as a complete accounting integration and

financial reporting platform. It helps the finance department streamline processes such as

planning, budgeting, forecasting, financial close, and costing and profitability to ensure

sustained business growth.

Overview

Organizations often struggle to support the differententerprise resource planning (ERP) applications that are

part of the IT landscape. Diverse application platforms

affect data movement across systems, are challenging to

maintain, and hinder the period-end financial closing

and reporting processes. Disparate systems also offer

lesser scope for modernization, and often result in data

inconsistencies that affect reporting accuracy.

Additionally, stringent regulatory requirements and

global accounting standards require companies to

regularly update the accounting rules in all affected

systems - a complex and time consuming task.

Consolidating and updating these tools and

applications—purchased, built in-house, or obtained

through acquisitions—is a challenge, and requires a cost

effective and robust IT strategy.

TCS’ Fusion Accounting Hub solution effectively

consolidates various financial processes, without

disrupting business operations, and helps achieve

greater business value. Our consulting and

implementation of the Oracle Financial Accounting Hub

helps enable the transformation of accounting

integration and reporting needs. Our offering provides a

framework for quick and cost effective implementation

of FAH functionality, enabling CFOs to move to a single

accounting platform. With TCS’ FAH solution, you can

gain timely access to financial information and provideexceptional reporting and analytics capabilities to

business users.

Our Solution

TCS’ FAH solution offers rule-based financial accounting

consolidation on a single platform, supporting all

financial management and analytical needs. A flexible

solution, which configures accounting rules based on

any attribute of a transaction, it is designed to work with

both non-Oracle and Oracle systems. Our solution offers

users across organization functions real-time access to

financial information across disparate ledgers andsource systems, helping them make better decisions on

a day-to-day basis. TCS’ FAH provides a framework for

quicker and cost effective implementation of Oracle

Financial Accounting Hub, amidst countless accounting

environment changes. Our solution comprises:

Accounting Integration Platform: Performs accounting

transformations and efficiently creates detailed,

auditable, and reconcilable accounting for transactions

from third party non-Oracle external applications in the

FAH.

Reporting Platform: Transfers Oracle E-Business Suite

and PeopleSoft General Ledger balances to the Oracle



Financial Accounting Hub to leverage multi-dimensionalfinancial reporting tools and real-time analytics.

Benefits

TCS’ solution enables you to:

Gain real-time access to live financial data and

reports: Provide users with self-service access to live

financial reports that they are authorized to view.

Offer ‘boardroom-ready’ financial statements and

departmental reports in the output format of choice.

Store analytic information with accounting for

reconciliation and reporting: Leverage the rulesrepository to define and maintain accounting rules.

Create, validate, and store accounting journals with a

rules transformation engine; and reconcile to source

systems with a detailed accounting repository.

Meet compliance standards: Ensure adherence to

compliance and industry accounting requirements

through a single source of accounting truth for all

external and legacy systems.

Rapidly integrate data of companies acquired

through mergers: Seamlessly integrate new industry-

specific systems or recently acquired companies into

your existing environment with reduced risk.

Simplify issue resolution with process optimization:Proactively monitor account balances, and notify users

of sudden spikes or drops based on user-defined

thresholds.

The TCS Advantage

The TCS FAH solution enhances business efficiency

while reducing your total cost of ownership (TCO).

Our offering is differentiated by:

A standard guided process flow: A demo storyboard

reduces your future system design time by providing

you with a pre-created platform to help decide on the

required future process flow.

A detailed questionnaire: Our Discovery Questionnaire

ensures that the system design does not overlook any

related or impacted area, reducing the number of

iterations required to finalize the design and expedite

system implementation and time to value.

Ready-to-use primary test scripts: TCS’ proven test

scripts help reduce testing time and ensure complete

scope coverage, leading to faster user acceptance

through more robust testing.

Oracle Fusion Accounting Hub

Oracle HyperionPlanning Fusion Edition

Oracle HyperionFinancial Management,

Fusion Edition

Oracle JD Edwardsand Other

General Ledger

Non Oracle ExternalApplications

Oracle FusionSub Ledgers

Oracle People SoftGeneral Ledger

Oracle E BusinessSuite

General Ledger

Oracle HyperionData Relationship

Management

Single system to support all

Financial management and

analytical needs, consisting of

Fusion General Ledger

Fusion Sub Ledger Accounting

Allocation Manager

Financial Reporting Center

Financial Reporting

Adhoc Analysis

Account Reconciliation

Dashboard and Online

Enquiry

Application Co-existence Integration

Oracle Fusion

Sub Ledger Accounting

Oracle Fusion

General Ledger



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Copyright © 2014 Tata Consultancy Services Limited

About Tata Consultancy Services Ltd (TCS)

www.tcs.com

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 and IT-enabled infrastructure, engineering TM

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 a global footprint and is listed on the National

Stock Exchange and Bombay Stock Exchange in India.

For more information, visit us at

IT ServicesBusiness SolutionsConsulting

Contact

To know more about the TCS Fusion Accounting Hub Solution, contact

[email protected]

About TCS’ Enterprise Solutions

With one of the most powerful IT consulting and services portfolios in the world, TCS' Enterprise

Solutions help companies optimize data and workflow, manage risk and compliance, increase

operational efficiency and productivity, and reach peak performance.

TCS’ Enterprise Solutions drive business transformations, empowering our clients to take

advantage of emerging opportunities and market dynamics. From IT strategy and

transformation to enterprise-wide software applications, we optimize technology and business

processes. Through our Centers of Excellence and Innovation Labs, coupled with our functional

business expertise, we develop custom industry solutions and accelerators. Our proven,

repeatable and scalable methodology enables enterprises to realize the maximum business

value from investments.

Our success is bolstered by long-term strategic alliances with the world’s most advanced

business software companies, helping us deliver better, faster, and more cost-effective

solutions.

tcs fusion accounting hub solution 1114 01

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