published on May 18, 2023
Report Overview:
NelsonHall’s “The Role of TCS CognixTM in Acceleration Finance Operations Transformation” whitepaper is designed to assist finance and operations leaders in major enterprises in exploring future finance operations delivery models and ways of accelerating finance operations transformation using TCS CognixTM.
NelsonHall carried out this whitepaper on behalf of TCS.
Scope of this Report:
The study is based on interviews with CFOs and heads of finance transformation in major enterprises across North America, the U.K., and the rest of Europe. It identifies:
- The characteristics of finance operations sought by finance leaders to deliver a competitive edge to the enterprise
- The role of digital transformation in delivering finance leaders’ visions for the future of finance operations
- The factors that currently inhibit the scaling of finance operations transformation
- The role of CognixTM in accelerating finance operations transformation
- Case studies of the application of TCS CognixTM in finance operations transformation.
Key Findings & Highlights:
TCS CognixTM is an ecosystem of pre-built solutions for accelerating digital transformation. It is designed to assist enterprises in scaling digital transformation more rapidly and integrates problem and solution discovery using an inbuilt operations maturity model, with deployment of pre-built configurable digital interventions or “value-builders” and governance for monitoring the pace of transformation and transformation maturity. CognixTM aims to speed up digital transformation by democratizing transformation initiatives across business-unit or geography process owners while allowing monitoring of transformation at the enterprise level.
The study findings include:
- 93% of finance leaders regard the ability of finance operations to deliver a competitive edge to their organizations as highly important
- The use of an integrated digital transformation suite such as TCS CognixTM, which provides pre-integrated and orchestrated digital technologies, can remove much of the adverse impact of technology complexity
- TCS CognixTM enables process owners to select desired finance outcomes and be presented with the appropriate value-builders to achieve these goals.