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Enterprise Solution
TCS Fusion Accounting Hub Solution
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Stiff competition, evolving regulations, and industry demands have compelled the
organization’s finance function to evolve. With financial disclosures and regulatory
reporting becoming more complex, IT support for finance teams needs to extend beyond
operations to compliance and even the core business strategy. Enterprise-wide visibility,
analytical insights, and near real-time reporting are essential to drive timely and accurate
decision making. To retain competitive advantage, organizations need to standardize,automate, and integrate their operational processes with financial reporting and analysis,
backed by superior IT solutions.
Tata Consultancy Services’ (TCS’) Fusion Accounting Hub (FAH) solution leverages the
Oracle Fusion Accounting Hub and serves as a complete accounting integration and
financial reporting platform. It helps the finance department streamline processes such as
planning, budgeting, forecasting, financial close, and costing and profitability to ensure
sustained business growth.
Overview
Organizations often struggle to support the differententerprise resource planning (ERP) applications that are
part of the IT landscape. Diverse application platforms
affect data movement across systems, are challenging to
maintain, and hinder the period-end financial closing
and reporting processes. Disparate systems also offer
lesser scope for modernization, and often result in data
inconsistencies that affect reporting accuracy.
Additionally, stringent regulatory requirements and
global accounting standards require companies to
regularly update the accounting rules in all affected
systems - a complex and time consuming task.
Consolidating and updating these tools and
applications—purchased, built in-house, or obtained
through acquisitions—is a challenge, and requires a cost
effective and robust IT strategy.
TCS’ Fusion Accounting Hub solution effectively
consolidates various financial processes, without
disrupting business operations, and helps achieve
greater business value. Our consulting and
implementation of the Oracle Financial Accounting Hub
helps enable the transformation of accounting
integration and reporting needs. Our offering provides a
framework for quick and cost effective implementation
of FAH functionality, enabling CFOs to move to a single
accounting platform. With TCS’ FAH solution, you can
gain timely access to financial information and provideexceptional reporting and analytics capabilities to
business users.
Our Solution
TCS’ FAH solution offers rule-based financial accounting
consolidation on a single platform, supporting all
financial management and analytical needs. A flexible
solution, which configures accounting rules based on
any attribute of a transaction, it is designed to work with
both non-Oracle and Oracle systems. Our solution offers
users across organization functions real-time access to
financial information across disparate ledgers andsource systems, helping them make better decisions on
a day-to-day basis. TCS’ FAH provides a framework for
quicker and cost effective implementation of Oracle
Financial Accounting Hub, amidst countless accounting
environment changes. Our solution comprises:
Accounting Integration Platform: Performs accounting
transformations and efficiently creates detailed,
auditable, and reconcilable accounting for transactions
from third party non-Oracle external applications in the
FAH.
Reporting Platform: Transfers Oracle E-Business Suite
and PeopleSoft General Ledger balances to the Oracle
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Financial Accounting Hub to leverage multi-dimensionalfinancial reporting tools and real-time analytics.
Benefits
TCS’ solution enables you to:
Gain real-time access to live financial data and
reports: Provide users with self-service access to live
financial reports that they are authorized to view.
Offer ‘boardroom-ready’ financial statements and
departmental reports in the output format of choice.
Store analytic information with accounting for
reconciliation and reporting: Leverage the rulesrepository to define and maintain accounting rules.
Create, validate, and store accounting journals with a
rules transformation engine; and reconcile to source
systems with a detailed accounting repository.
Meet compliance standards: Ensure adherence to
compliance and industry accounting requirements
through a single source of accounting truth for all
external and legacy systems.
Rapidly integrate data of companies acquired
through mergers: Seamlessly integrate new industry-
specific systems or recently acquired companies into
your existing environment with reduced risk.
Simplify issue resolution with process optimization:Proactively monitor account balances, and notify users
of sudden spikes or drops based on user-defined
thresholds.
The TCS Advantage
The TCS FAH solution enhances business efficiency
while reducing your total cost of ownership (TCO).
Our offering is differentiated by:
A standard guided process flow: A demo storyboard
reduces your future system design time by providing
you with a pre-created platform to help decide on the
required future process flow.
A detailed questionnaire: Our Discovery Questionnaire
ensures that the system design does not overlook any
related or impacted area, reducing the number of
iterations required to finalize the design and expedite
system implementation and time to value.
Ready-to-use primary test scripts: TCS’ proven test
scripts help reduce testing time and ensure complete
scope coverage, leading to faster user acceptance
through more robust testing.
Oracle Fusion Accounting Hub
Oracle HyperionPlanning Fusion Edition
Oracle HyperionFinancial Management,
Fusion Edition
Oracle JD Edwardsand Other
General Ledger
Non Oracle ExternalApplications
Oracle FusionSub Ledgers
Oracle People SoftGeneral Ledger
Oracle E BusinessSuite
General Ledger
Oracle HyperionData Relationship
Management
Single system to support all
Financial management and
analytical needs, consisting of
Fusion General Ledger
Fusion Sub Ledger Accounting
Allocation Manager
Financial Reporting Center
Financial Reporting
Adhoc Analysis
Account Reconciliation
Dashboard and Online
Enquiry
Application Co-existence Integration
Oracle Fusion
Sub Ledger Accounting
Oracle Fusion
General Ledger
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Copyright © 2014 Tata Consultancy Services Limited
About Tata Consultancy Services Ltd (TCS)
www.tcs.com
Tata Consultancy Services is an IT services, consulting and business solutions organization that
delivers real results to global business, ensuring a level of certainty no other firm can match.
TCS offers a consulting-led, integrated portfolio of IT and IT-enabled infrastructure, engineering TM
and assurance services. This is delivered through its unique Global Network Delivery Model ,
recognized as the benchmark of excellence in software development. A part of the Tata Group,
India’s largest industrial conglomerate, TCS has a global footprint and is listed on the National
Stock Exchange and Bombay Stock Exchange in India.
For more information, visit us at
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Contact
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About TCS’ Enterprise Solutions
With one of the most powerful IT consulting and services portfolios in the world, TCS' Enterprise
Solutions help companies optimize data and workflow, manage risk and compliance, increase
operational efficiency and productivity, and reach peak performance.
TCS’ Enterprise Solutions drive business transformations, empowering our clients to take
advantage of emerging opportunities and market dynamics. From IT strategy and
transformation to enterprise-wide software applications, we optimize technology and business
processes. Through our Centers of Excellence and Innovation Labs, coupled with our functional
business expertise, we develop custom industry solutions and accelerators. Our proven,
repeatable and scalable methodology enables enterprises to realize the maximum business
value from investments.
Our success is bolstered by long-term strategic alliances with the world’s most advanced
business software companies, helping us deliver better, faster, and more cost-effective
solutions.