Societe Generale wanted to enhance productivity by 40%. They found a certain way.
Societe Generale is a leading provider of payment and cash management services to large corporate houses around the world. To stay ahead of its competitors, Societe Generale needed to adapt to the regulations and changing landscape of European payments. They needed a unified payments processing platform created by consolidating and centralizing the back-office processing of payments as well as cash management products and services. Tata Consultancy Services (TCS) implemented TCS BaNCS, an integrated product suite for finacial services, to develop a centralized platform for unified payments. As one of the world’s fasted growing technology and business solutions providers, TCS enabled a Pan-European payments platform for Societe Generale with multi-country, multi-currency and multi-product capabilities which lead to an increase of 25% in STP rates and improvement in productivity by 40%.