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Wednesday, Jun 04, 2003

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TCS tool for Union Bank

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MUMBAI, June 3

IN what will be the first human resources management project implemented by it for a public sector bank, Tata Consultancy Services (TCS), along with Peoplesoft Solutions, will implement an end-to-end, integrated HRMS and payroll solution for Union Bank of India.

TCS has entered into a strategic alliance with the bank for implementation of the HRM solution, which will be rolled out across the bank's controlling offices, including its central, zonal and regional offices, covering 26,000 employees.

According to Mr Atul Gupta, National Sales Head, TCS, the project will improve the bank's product and performance, lower its costs and make available information on the bank's human resources online and on a real-time basis.

Both TCS and bank officials declined to comment on the project cost. However, Mr M. Venugopalan, Executive Director, Union Bank of India, said the cost would form just a "minuscule portion of the bank's expenses and would not impact its bottom-line".

According to Mr Venugopalan, the system implementation would be in line with growing computerisation at the bank, which had necessitated a reorganisation of its human resources and skills management. "The project will help us improve our customer services and efficiency," he said.

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