TCS partners with Celonis to help enterprises achieve superior business outcome

On Thursday, Tata Consultancy Services (TCS), a leading global IT service company, announced its partnership with Celonis, a market leader in AI-enhanced process mining and process excellence software. This global partnership is to help customers streamline their business processes for better efficiency.

This partnership will get the advantage of Celonis’ Process Mining platform to target a broad range of areas such as supply chain, finance and accounting, industry-specific process and so on. With the insights gained from process mining, TCS will use its Machine-First approach along with the internet of things (IoT), machine learning and artificial intelligence (AI) to generate superior business outcomes.

Their partnership will be of great help especially in the current COVID-19 situations, where enterprises are looking to reorganise cash flows. The insights from process mining can be helpful to reduce late payments, ensure error-free invoices in real-time, make supply chain operation responsive, etc. The strategic partnership will help significantly to accelerate business for joint customers and add value to the organisation.

TCS share closed at Rs 2,158.35 with a growth of 3.14 per cent. The stock has a 52-week high of Rs 2,296.00 and a 52-week low of Rs 1,504.40 on BSE.