NAL and IMA will now jointly offer certifications and training programs focusing on modern skills for management accounting professionals. As part of the workforce readiness and workforce development initiative of NSE Academy, this initiative aims to build a talent pipeline equipped with specialized knowledge in management accounting through globally-recognized IMA certifications.

NAL and IMA will introduce pathway programs for accounting professionals and aspirants, seamlessly integrating IMA certifications including CSCA® (Certified in Strategy and Competitive Analysis), IMA Sustainability Business Practices Certificate and the IMA FMAA (Financial and Managerial Accounting Associate).

Accessible through the NSE Knowledge Hub, NAL and IMA will offer IMA Continuing Professional Education (CPE) courses for finance practitioners in India in the fields of Data Practices, Cybersecurity, and Analytics. The goal of these joint programs and IMA certifications is to provide in-depth knowledge in management accounting, strategic decision-making, and financial analysis relevant to workplace situations, preparing professionals for future challenges in the field. The partnership will also open engagement avenues for the management accounting community in India, advocating for global best practices and encouraging ongoing professional development.

Speaking on the occasion, IMA President and CEO, Mike DePrisco, said: “IMA is proud to partner with NSE Academy in a shared mission to shape the future of accounting and finance in India.  Professionals in India will now be able to gain access to a robust portfolio of continuing professional education courses and the opportunity to earn globally recognized certifications from IMA, including the FMAA (Financial and Managerial Accounting Associate) and the CSCA® (Certified in Strategy and Competitive Analysis). Together, NSE Academy and IMA are empowering the next generation of accounting and finance leaders with the knowledge and skills to thrive—both locally and around the world.”

NSE Academy Ltd. CEO, Abhilash Misra, stated: “We are thrilled to partner with IMA. This partnership aims to address the increasing talent demand and emerging career opportunities in the domain of finance and accounting, fulfilling the skills gap and providing top-tier education and certifications to organizations and universities in India. We continue to work in advancing our objective of cultivating talent for the future and enhancing India’s expanding influence in the global economy.”

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Tata Consultancy Services Leverages its Contextual and Domain Knowledge, and its AI-Driven Human-Machine Collaboration Suite Cognix to Help Customers Accelerate Innovation and Enhance Differentiation

NEW YORK: Tata Consultancy Services (TCS) (BSE: 532540, NSE: TCS) has been positioned as a Leader in the IDC MarketScape for Worldwide Finance and Accounting Business Process Services in the Cloud.

This IDC MarketScape study assesses current market demands and expected buyer needs for cloud-based finance and accounting-managed (outsourced) business process services and evaluates service providers offering cloud-based finance and accounting-managed (outsourced) business process services against a series of qualitative and quantitative parameters.

According to the report, “TCS has comprehensive, consulting-led finance and accounting services to support global organizations in transforming their finance operations to be data-driven, AI-powered, and cloud-enabled, helping them improve resiliency, gain the agility to lower their risks, improve cash, and respond better to the changing market dynamics and needs.”

“CFOs are responding to current macro-economic uncertainties and risks of a potential slowdown by redesigning organizational structures, deploying technologies like AI and cloud, strengthening financial planning and cash management while being focused on ESG and cost savings. TCS’ future-ready finance proposition powered by its AI-driven human-machine collaboration suite, Cognix, helps CFOs transform quickly and achieve their long-term business goals,” said Ashok Pai, Global Head, of Cognitive Business Operations, TCS. “We believe that our position as a Leader in this assessment is a reflection of our continued efforts to empower our customers with technologies to make them future-ready.”

TCS offers a consulting-led, comprehensive portfolio of finance and accounting services, powered by innovative digital solutions like TCS Cognix. TCS also provides BPaaS services for its customers by leveraging its partnerships with leading third-party platform providers as well as in-house platforms like TAP and HOBS.

TCS helps finance organizations reimagine their core functions of procure to pay, order to cash, and record to report by moving them to a standardized, automated, and data-driven operating model that delivers enhanced efficiencies, speed, compliance, and cost savings while enabling seamless period-end closures. Its strategic finance offerings like financial planning and analysis, cash and liquidity management, tax compliance, and treasury, supported by AI-powered predictive models, enable agile and data-driven decision-making and enhance enterprise resilience.

In addition to generic finance and accounting services, TCS also offers industry-specific services. These include trust and equity accounting for financial services, revenue cycle management for healthcare, passenger and cargo revenue accounting for travel and transportation, store accounting for retail, inventory accounting for manufacturing, and meter to cash for utilities.

TCS Cognix, its AI-driven human-machine collaboration suite, accelerates the digital transformation agenda for its clients. Cognix has a vast library of business outcome-aligned digital solutions called ‘value builders’ that are pre-built and contextualized based on TCS’ vast experience of running finance operations for customers over decades. Cognix also features a maturity assessment model that drives a systematic transformation approach enabling perpetual innovation. This combined with TCS’ contextual and domain know-how and future-ready talent, positions finance organizations well for accelerated innovation and differentiation in their journey towards a sustainable future.

“TCS has been named a Leader in this IDC MarketScape on Finance and Accounting Business Process Services in the Cloud. TCS performed well across a multitude of metrics including their use of hybrid cloud models, investment, and vendor adoption of their own proprietary platforms such as TCS Cognix and BPaaS services, TCS Crystallus for Finance cloud (S/4HANA and Oracle) and TCS ConvertCore, and their analytics, cognitive/AI, and blockchain capabilities for finance,” said Ali Close, Manager of Intelligent Finance and Customer Care Business Process Services, IDC.

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BENGALURU: On the occasion of International Women’s Entrepreneurship Day, Tally Solutions hosted an event to celebrate the remarkable achievements of #WomenMakingWaves through their resilience and hard work in the business community. The event witnessed a panel discussion on issues that hinder the growth of women entrepreneurs and thoughts on how a better support network can be created for them. This was followed by the felicitation of 5 women entrepreneurs for their dedication to building brands.

The panel discussion, which was moderated by Jayati Singh, Chief Marketing Officer, Tally Solutions was attended by leaders and entrepreneurs from across industries and included Ms. Garima Mishra (SVP & Country Head, Human Resource Relationship Management, DBS Bank India), Ms. Rituparna Chakraborty (Co-Founder & Executive Director TeamLease Services Limited), Ms. Nisha Srikanth (Founder, Sri Kolhapuri, The Doll Factory), Ms. Chaya Gandhi, State President of Karnataka Start-ups Forum Bharat and Member, FKCCI Chamber of Commerce and Mr. Rashid ul Kareem (Global Head Talent Acquisition, PayU).

The discussion dived deeper into the issues faced by women entrepreneurs in India and the key measures required to increase the participation of women leaders in the business ecosystem. Lack of education, access to finance, lack of support system, and stiff competition were presented as some of the key challenges faced by women entrepreneurs in our country. The panel also impressed upon the need to help women leaders in financial literacy, technology literacy, and adoption and access to mentoring platforms, along with a focus on their overall mental well-being. The panelists also encouraged women entrepreneurs to find the right promotors and network with like-minded people to enhance business growth and pressed upon the importance of conviction with clarity that will lead them to the path of success.

According to industry reports, by the year 2030, India’s working population is expected to surpass 1 billion number, and out of this, over 400 million women’s economic potential may be left unaddressed if the right kind of interventions is not taken now. According to industry estimates, currently, there are an estimated 15 million women-controlled enterprises that are creating direct employment for over 22 million people in India, and this is just the beginning of good times. With timely interventions, women entrepreneurs can play a strong role in driving our country’s $5 trillion economic agenda.

First, in the series, the event was held in Bangalore and witnessed Women Entrepreneurs from across South and West Zone being recognized. Ms. Smrithi S, Founder, Shika Creations, Coimbatore, Ms. Manjusha Prajithlal, Managing Director, Accurate Institute of Medical coding, Kozhikode, Ms. Shirisha Udatewar, Founder, Crater, Bangalore, Ms. Sonal Khurana, Founder and educator, Learning Curve, Surat and Ms. Darshita Chheda, Founder / Director, Be U Lifestyle, Mumbai were felicitated at the event.

The second event in the series would be held in Delhi on 23rd November 2022 and will recognize the efforts of Women Entrepreneurs from the North and East zone.

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PUNE: Wolters Kluwer (Euronext: WKL), a leading provider of expert solutions, insights, and services for professionals, launched its new office in Pune, India. At the opening, leaders from across the company were present, including Karen Abramson, CEO of Wolters Kluwer Tax & Accounting, Brian Diffin, the Executive Vice President, of Global Technology – Tax & Accounting, and Pramod Paranjape, General Manager, of Wolters Kluwer, India.

India is among the key markets for Wolters Kluwer, and it has built a strong presence in the country since 2006, with offices in Pune operational since 2012. Given the diverse pool of engineering talent in Pune, the city has become a global hub of innovation for Wolters Kluwer.

Karen Abramson, CEO of Tax & Accounting Wolters Kluwer, said, “We are proud to have the best technology talent and it’s wonderful to see our employees energized about an exciting new space. Expanding in Pune is a significant milestone for us. Collaboration lies at the very core of our culture as an organization, and we believe our modern office will inspire our engineers and developers to continue to innovate and develop products for the future of the tax and accounting profession.”

With a traditional office seating capacity of 1100 and contemporary collaboration spaces, the sustainable facility promotes innovation and collaboration. The current employee strength comprises primarily local talent across software engineers, managers, and support staff that caters to the tax and accounting segment.  

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