Quotidien Corporate Finance News

Lundi 30 Juin 2014

ISS Selects Cognizant for Finance & Accounting Business Process Services to Enhance Quality and Reduce Costs

Cognizant (NASDAQ: CTSH) today announced that it has been selected by ISS, a leading global provider of facility services, to provide Finance & Accounting (F&A) business process services for ISS' business in the Nordic region, spanning order-to-cash, procure-to-pay, and record-to-report, to help ISS enhance quality, further optimize and align its finance processes, and reduce costs.

Under the seven-year engagement, Cognizant will leverage its F&A Center of Excellence and deep expertise in business process automation, enterprise analytics, and global delivery to provide ISS with best-in-class operational processes.

"Our customers choose ISS as a strategic partner to take care of their facilities, help control business risks, create healthy and productive work environments, and support their business objectives so that they can focus on their core activities," said Christian Kofoed Jakobsen, Chief Financial Officer for ISS in the Nordics. "We selected Cognizant to support our important financial business processes because of its extensive experience and excellent track record in delivering value."

"We are pleased that ISS has chosen us to implement a shared vision of best-in-class F&A services," said Vipul Khanna, Senior Vice President of Business Process Services at Cognizant. "Our solution integrates technology, analytics, industry best practices, and automation to create an F&A shared services environment that will not only drive process enhancement and stronger governance, but also use the resulting savings to fuel growth and innovation."

The ISS Group

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