TCS BαNCS Shines in B.I.S.S. 2008 Corporate Finance Benchmarking

16 September 2008

B.I.S.S. Research, the exclusive research company offering a unique benchmarking of services and systems in the financial services sector, today announced that TCS BαNCS, one of the leading investment banking systems has achieved the B.I.S.S. 2008 Corporate Finance Accreditation.

Gary Wright, C.E.O., B.I.S.S. Research and creator of the B.I.S.S. business benchmarking concept said “TCS Financial Solutions are the first software company to build a system that brings high degrees of control and services to corporate finance.

Deals emanating from corporate finance are normally the largest, carrying most operational and reputational risk and TCS Financial Solutions has tackled these problems and produced a solution in TCS BαNCS, which significantly decreases risk but also improves client services.

The benchmarking report highlights the enormous value of TCS BαNCS to investment banks engaged in corporate finance and other primary market activities in equity, fixed income and derivative products. The report also identifies procedures in the corporate finance department where marketing is important and where TCS BαNCS could be easily enhanced to produce a solution. Once completed this would produce yet another module making this system a truly remarkable product and an absolute necessity for all corporate finance business.”

N. Ganapathy Subramaniam, President TCS Financial Solutions said” We are delighted that once again B.I.S.S. Benchmarking has proven TCS BαNCS to be leading the market in Corporate Finance systems solutions. We are always striving to address the deep problems Corporate Finance users grapple with, namely inflexible customer service architectures and increasingly high risk environments. TCS BαNCS accreditation establishes that it is just the right solution for Corporate Finance with a functionally rich system backed by great expertise”.

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