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TCS bags treasury automation project

Khajane-II is worth around Rs 94 cr The Tata Consultancy Services (TCS), India’s largest software exporter, on Tuesday signed a contract with the Karnataka government to automate its treasury and finance department functions. The six-year deal is valued at Rs 94 crore. According to the contract, TCS will establish the Khajane-II system for the integrated financial management across all spending and resource mobilisation of the government. Khajane-II project seeks to replace the existing Khajane-I system established in 2001. It will address the functional and technical constraints of ...