F&A work at ISS now handed over to Cognizant

MUMBAI, INDIA: Cognizant shared it has been selected by ISS, a 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 operational processes.

"We selected Cognizant to support our important financial business processes because of its extensive experience and excellent track record in delivering value," said Christian Kofoed Jakobsen, Chief Financial Officer for ISS in the Nordics.

Vipul Khanna, Senior Vice President of Business Process Services at Cognizant, said, "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."