India, Nov. 27 -- Tata Consultancy Services (TCS) announced on Thursday that it has entered into a five-year agreement with SAP to help the European enterprise software giant streamline its IT operations and expand its AI-driven capabilities.

According to TCS, the partnership will focus on accelerating development cycles, reducing total cost of ownership, and improving alignment between IT initiatives and business objectives.

This new agreement builds on the companies' two-decade-long collaboration, during which TCS has supported SAP in establishing and scaling its enterprise cloud services, helping the company transition from traditional licence-based models to pay-per-use cloud offerings.

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