Tata Consultancy launches new financial management system

by Editor 6/20/2008 3:14:00 PM
India's largest software exporter Tata Consultancy Services today announced the global implementation of an integrated financial management system for the International Organization for Migration (IOM).
Tata Consultancy Services,TCS
The company has helped IOM roll-out its financial management system to first six locations - Geneva, Manila, Moscow, Skopje, Sarajevo and Budapest as per the project schedule and budget.

The system would help in providing transparency to member states of IOM, donors and other stakeholders across the globe. It would also improve reporting times and support the adoption of International Public Sector Accounting Standards (IPSAS) in IOM.

TCS has also been awarded the contract for rolling out the financial management system across 140locations of IOM.

"This go-live of the first six missions and our subsequent appointment for IOMs full global roll out, comprehensively demonstrates TCS capacity to deliver highly customised solutions to global organisations," TCS Europe Director Girish Ramachandran said.

The implementation of such a complex financial management system within deadline and within ascribed funding provides a testament to a strategic IOM and TCS partnership, including TCS's global presence and the commitment to succeed, said IMO Director of Resource Management Ovais Sarmad.

IOM is an inter-governmental organization managing migration by addressing the multi-faceted challenges of migration in partnership with governments and other public and private sector entities. It is headquartered in Geneva and has 125 member states.

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