Vaillant Group partners with TCS

Tata Consultancy Services (TCS) has expanded partnership with Vaillant Group, a global leader in heating, ventilation and air-conditioning technology, to streamline the latter’s business processes and implement those on a single, digital enterprise process platform to support its business model transformation and future growth.

Family-owned Vaillant Group has a presence in more than 60 countries worldwide. In some markets, the processes are highly localised, resulting in siloed data and individual IT structures. To support its growth plans, Vaillant Group plans to implement a unified digital process platform that will provide a single source of truth for data and enable enterprise agility.

TCS leveraged its contextual knowledge of Vaillant Group’s business to propose a future-proof, robust, and flexible digital core solution using SAP S/4HANA and Salesforce. The harmonised end-to-end global business processes and better use of data will help Vaillant Group speed up decision-making and support its global market expansion plans. The digital platform will also help the company accelerate its transformation to a digital-first organisation.

The stock closed at 2281, up by 0.22 per cent or Rs 4.95 per share. The intraday high is Rs 2358 and the intraday low is Rs 2272.25. Since the beginning of the year, the stock has given a return of 5.23 per cent thereby outperforming Nifty50, which gave a return of  -8.86 per cent.