TCS' Repeatable Carve-Out Model helps Bayer Complete Multiple Divestitures on Time
Deepthi | Myequity news | Date : 29-10-2018 15:55:00 IST
Tata Consultancy Services has built a repeatable operating model for Bayer, a leading life sciences company, which helped to successfully complete the IT system and operations carve-outs needed by Bayer to go through with the time-bound divestiture of some of its crop science businesses.
Following its 2016 announcement to acquire Monsanto, Bayer had to divest certain crop science businesses in order to obtain regulatory approvals. Bayer partnered with TCS to create a scalable, repeatable carve-out solution spanning the complete stack of IT systems, infrastructure and operations, to execute the divestiture of multiple business entities within a very short timeline of eighteen months. "This was an incredibly rapid, streamlined approach driven by a focus on critical strategic capabilities and striking a balance between speed, value and risk,"
"We had to divest the businesses fast and completely, but had to deal with complexity and uncertainties in scope and timing due to enhanced demands from the regulatory authorities," said Daniel Hartert, Head of Business Services and CIO of the Bayer Group. "It was a project unprecedented in its approach and its global scale and scope for Bayer and the market. TCS brought in the required industry thought leadership, full services capability and a 'can do' approach to ensure that we delivered a modern, optimal and fully functional administrative backbone on time. The integrated team of Bayer and TCS made this project a real success. And it allows Bayer to fully focus on our own priorities, first and foremost the integration of Monsanto."
said Dave Jordan, Global Head, Consulting & Services Integration, TCS.
"The success of this industry-first model is a demonstration of our Business 4.0 capabilities including automation, agile and cloud,"
said Vikas Jain, Vice President and Head, Life Sciences Business, TCS. "A cloud- first approach combined with TCS' location-independent agile model helped us address the frequently changing requirements in near real time. TCS is honored to be part of this business transformation at Bayer." About Tata Consultancy Services Ltd. (TCS):
Tata Consultancy Services is an IT services, consulting and business solutions organisation that has been partnering with many of the world's largest businesses in their transformation journeys for the last fifty years. TCS offers a consulting-led, Cognitive powered, integrated portfolio of IT, Business & Technology Services, and engineering. A part of the Tata group, India's largest multinational business group.