B.I.S.S. Research says Tata Consultancy Services (TCS) is the latest vendor to enter their system into the 2007 Corporate Actions B.I.S.S. benchmarking.
“We are pleased that TCS as one of the worlds highest rated corporate actions vendors has once again entered their product into the B.I.S.S. Corporate Actions benchmarking,” says Gary Wright, C.E.O., B.I.S.S. Research and creator of the B.I.S.S. business benchmarking concept. “TCS has supported the benchmarking of corporate actions systems from the beginning and over the years has consistently proved their systems functionality under independent close scrutiny by the industry benchmarking panel. Year on year they have demonstrated their system to be one of the best around and in some functionality areas the panel has scored them as a leader. This years benchmarking has been upgraded with the bar raised even higher and this is going to make the achievement of the B.I.S.S. accreditation a more challenging task than ever. But I am sure that TCS will once again be proven a leading corporate actions vendor”
Mr. N. G. Subramaniam, the Vice President and Head of Banking Industry Practice adds that TCS is participating in the B.I.S.S certification for the fifth consecutive year. “We have invested significantly in NCS and our Corporate Actions Engine has grown considerably over this period,” he says. “We enjoy significant traction with the financial institutions. Participating in the B.I.S.S benchmarks gives us a different perspective and we are able to align to the industry requirements and this certainly helps us in differentiating our product.”