Finance and Accounting Solution TCS small and medium business ERP pay per use


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Where does the money come into your organization from and where does it get spend? Answering this critical question or managing cash flow is a primary concern for many enterprises. It is easy when your finance and accounting processes are reliable and streamlined.

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Finance and Accounting Solution TCS small and medium business ERP pay per use

  1. 1. Finance and Accounting (F&A) SolutionWhere does the money come into your organisation from and where does it get spent? Answering thiscritical question is a primary concern for many enterprises. It is easy when your finance and accountingprocesses are reliable and streamlined.We, at Tata Consultancy Services (TCS), help you achieve this through our iON Finance and Accounting(F&A) Solution. Our cost-efficient solution covers the different aspects of F&A processes and ensures thatyour accounts are accurate and consistent, across different branches. Further, our fully-configurablesolution helps meet your statutory requirements effectively.OverviewA thorough understanding of cash in-flow and out-flow helps iON F&A Solution:enterprises manage finances better and take the right decisionsbased on it. While a reliable finance and accounting solution helps Supports multi-currency operations; nensure these smooth operations and facilitate accuracy, n role-based system with workflow approvals; Has aenterprises seek one that is cost-efficient and easy to use. Provides comprehensive analysis through analysis categories; nOur on-demand iON F&A Solution has been designed to address n best practices, thus helping in appropriate accounting Coversthese issues and cater to your F&A needs comprehensively. The of transactions;automated offering allows greater accuracy in the accountingprocess, overcoming the limitations of repetitive entries. Is available through a hosted model. nCovering the entire set of F&A processes for general ledgeraccounting, accounts payable, accounts receivable, taxation, fixedassets and costing, our solution makes your everyday accountingtransactions problem-free. The different modules of the solutionmay be configured to suit your requirements and are compliantwith local regulations. Guided by our training programme forusers, your staff can easily access this web-based solution acrossdifferent branches.
  2. 2. iON Finance and Accounting Solution OverviewBenefitsUser Friendly Interface enhancing adoptabilityn on software maintenance, updating and upgrading, among the stakeholders; or other IT issues;Adopting industry wide standards;n n and forecasts to enhance control and Reports decisive power;n with statutory requirements;Comply n easy accessibility from any location. Achieven you to focus on your business, rather thanEnables
  3. 3. iON F&A Solution – FunctionalitiesModule - General Ledger, Accounts Receivables and Account PayablesThis module helps you monitor and control the investment and expenses. It keeps track of each voucher thatis posted in the system and provides information that helps you identify the profit and cost centers in yourorganization. It ensures the impact of exchange fluctuations is well captured in your system. Main Features Organization setup n n Note and Debit Note Credit Different type of vouchers n Applicable charges and discounts n nDetails for payment and receipt Bank Defining Financial calendar and periods n n to close and open accounting periods Ability n Approval and Batch Posting of similar Batch transactions Clearing off Supplier Balances and Customer n Balances Account inquiry that provides a view of n balances and vouchers passed into a Analysis category that captures additional n ledger account information for reporting Accurate accounting that maintains closing n Standardization of processes such as Narration, n entries for the calendar year Terms and Conditions Different type of Voucher Creation and posting n n defining document sequence Master of Provisional Voucher numbering Revaluation of foreign currency balances that n n Centers and Cost Centers to analyze Profit captures exchange fluctuations and track Income and Expenses n of accounts ChartModule - TaxationThis module ensures that your organization is compliant with the Statutory Norms.It captures different type of taxes and their registers. Main Features n Benefit Tax (FBT) Fringe n Register, Return and Challan Excise VAT register and VAT return preparation n TDS Challan and Forms(26Q, 16A and 27A) n CST register, CST return and CST declaration n n tax register, Challan and Return Service receipt
  4. 4. Module - Fixed assetsThis module helps your organization capture required information on Fixed Assets.It facilitates change of the depreciation method while following the Statutory Norms. Main Features n Group Hierarchy Asset Reclassification n Capitalization n Sale, Split and Transfer n n Asset Register Fixed Changes in Depreciation Method n Depreciation Method and system to accomplish n changes in depreciation methodModule - ReportsThis module provides Reports that enable you to take organization level decisions.It gives the snapshot of the current status of your organization. Main Features Trial Balance n TDS Register (Form 16A, Form 27A and n Form 26Q Return) n And Loss Profit TDS Challan n n Sheet Balance Consolidated TDS n Consolidated Trial Balance n nRegister Bank n Report Ageing Cash Register n Inter Unit Payment n Outstanding Customer Payment n CST-Sales, Debit Note and Credit Note Register n FBT Return n Register For Receipt of Declarations Report n FBT Challan n CST Returns Part1 n nPurchase, Sales, Debit Note, Credit Note VAT - CST Returns Part2 n VAT Returns n Depreciation Report - Company Act and IT Act n Analysis Category Report n n Reports - Budget vs Actual and Previous Budget vs Current Budgets n Asset - Addition, Deletion and Transfer Fixed RG1 n n Excise Challan GAR7 RG23A n PLA n
  5. 5. Why iONiON provides comprehensive solutions that address varied IT A pay-as-you-use modelrequirements. From network to ERP, iON is offered as a singleservice, in a pay-per-use model, allowing you to leverage the This model eliminates capital investment as we provide the ITsolution’s true potential. iON ensures integration of all infrastructure and software on rent. You pay as you use and onlyprocesses along with ease of use. for the number of users who actually use the software. The rent is charged monthly. Typically, the cumulative rental for three years isiON promises: equal to the capital cost of acquiring similar or lesser software with one-time payment. Usually, the ROI exceeds rental within threenperformance in normal broadband;High months, when best practices are well followed. The rental includes maintenance and training, with no hidden costs.Stringent security and data privacy;n Personalised solutionsGuaranteed availability (99 per cent uptime);n Although this is a cloud service, the software is configurable toDisaster recovery;n each business. You will always get the flavour of your own businessReduced need for IT staff.n by picking and choosing what processes you would need.iON, therefore, manages your processes while you use the software. Automatic upgradesYou gain from: We continuously invest in our solutions to ensure best practices.Integrated solutions We enrich the software based on user feedback and business and statutory changes. We ensure the upgrade without disrupting theWe ensure that all your solutions are connected. For example, user.if you are using a CRM along with an ERP, and have a documentmanagement system to organise your files, we ensure that thesesolutions are connected and work as one. So for you, it is simplyIT and not applications.Increased agilityWe bring in the agility to keep pace with changing processes or anew line of business. We help you configure the processes to workdifferently or simply choose new practices recommended by thesoftware. Our activation system flags on best practices while thesystem is running. As you pick and choose, we give you moreoptions to choose from.
  6. 6. About iONiON is Tata Consultancy Services’ strategic unit for Small and Medium Business. iON providesend - to - end business solutions to the SMB segment, the growth engine of the economy.iON caters to the needs of multiple industry segments with best practices gained through TCS’global experience, domestic market reach, skills, know-how and delivery capabilities.For more information, visit us at www.tcsion.comContactTo know more about the iON Finance and Accounting (F&A) Solution,Toll Free Number 1800 209 6030Email ion.salessupport@tcs.comAbout Tata Consultancy Services Ltd (TCS)Tata Consultancy Services is an IT services, consulting and business solutions organization thatdelivers 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, engineeringand assurance services. This is delivered through its unique Global Network Delivery ModelTM,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 NationalStock Exchange and Bombay Stock Exchange in India.For more information, visit us at www.tcs.comIT ServicesBusiness Solutions TCS Design Services I P I 09 I 11OutsourcingAll content / information present here is the exclusive property of Tata Consultancy Services Limited (TCS). The content / information contained here iscorrect at the time of publishing. No material from here may be copied, modified, reproduced, republished, uploaded, transmitted, posted ordistributed in any form without prior written permission from TCS. Unauthorized use of the content / information appearing here may violate copyright,trademark and other applicable laws, and could result in criminal or civil penalties.Copyright © 2011 Tata Consultancy Services Limited