New Delhi: IT services major TCS has bagged a multi-million dollar project from Macau's leading telecom service provider CTM for deploying rating and billing system.

The company in a BSE filing said that it has been "selected by CTM for a multi-year multi-million agreement for an IT and business transformation project" whereby TCS will deploy a new convergent rating and billing system for the telecom company.

The telecom player uses different billing systems for each of its corresponding service, the filing said.

"CTM sought to implement a converged billing system to provide more instant response to market demand. CTM chose TCS as its service partner to deliver its new convergent rating and billing system," it added.

TCS, however, did not reveal financial details of the project win.

The new system is expected to be fully implemented within three years, the filing said.

In a separate filing, the Tata group company said that it has been positioned as a leader in finance and accounting (FAO) business process services by Everest Group in its report.

In the report, Everest Group analysed the position of more than 20 providers using the Everest Group Performance Experience Ability Knowledge (PEAK) Matrix for FAO, it said.

The report also highlights TCS' strengths and investments in Software as a Service (SaaS) and Business Process as a Service (BPaaS) offerings spanning supply chain management, F&A, and analysis.

"With a scale of over 11,000 FAO FTEs and 40 plus clients in FAO, TCS has emerged as a Leader on Everest Group's FAO PEAK Matrix," said Saurabh Gupta, VP, Everest Group.

"Technology-led solutions combined with strong industry orientation in FAO solutions are the key differentiators for TCS. TCS is amongst the few providers with the experience and capability to work across all different technology components in FAO - tie-and-run, augmentation, and BPaaS," he said.

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