TCS signs two-year deal with McDonald's Philippines to digitize operations in its over 760 restaurants

TCS has signed a two-year deal with McDonald's Philippines.

India's top IT services exporter Tata Consultancy Services (TCS) has signed a two-year deal with McDonald's Philippines to standardize and digitize operations for the fast-food chain in its over 760 restaurants. This will be first first engagement of India's IT bellwether with McDonald’s in the Asia-Pacific region.

The company in an exchange filing, said "TCS will implement an advanced upgrade of McDonald’s current systems in the Philippines to the cloud (SAP S/4HANA on RISE). By harnessing its deep industry expertise and contextual knowledge in SAP-led business systems transformation, TCS will upgrade the IT infrastructure of GADC, resulting in better insights, improved decision-making, and optimized operational performance."

GADC has grown significantly in the Philippines over the last few years, anchored on its commitment to digital transformation, including standardization of the IT landscape across all its restaurants nationwide. George Yang-led Golden Arches Development Corporation (GADC) is the master franchise holder of McDonald's in the Philippines.

The benefits of the upgrade include increased efficiency and optimized operating costs, digital transformation and innovation, enhanced franchisee experience driving stakeholder loyalty, improved process optimization and workforce productivity. TCS will provide development and integration services encompassing app development, automation, data analytics, and artificial intelligence.

Meanwhile, TCS share price settled at Rs 4,347.90 per share on the NSE, down by 3.50 percent in today's trade.

In fact, all major IT stocks traded in the red ahead of the Fed meeting outcome. Mphasis, Persistent Systems, Infosys, TCS, and Tech Mahindra led the decline in the index. All 10 components of the index were down between 2-5 percent.