Cognizant to provide finance and accounting services to Volvo

CHENNAI: Nasdaq-listed Cognizant has been selected to provide finance and accounting services to luxury car maker Volvo Car Corporation.

"As part of the deal, Cognizant would operate and optimise Volvo Car Corporation's Finance and Accounting processes, while improving cost effectiveness and service delivery," Cognizant said in a statement.

"We are pleased to have been selected by Volvo Car Corporation for their entire range of Finance and Accounting services," Cognizant Senior Vice-President and Continental European Operations Head Santosh Thomas said.

Cognizant would participate in entire value chain of Finance and Accounting services to Volvo Car Corporation in ranging from accounts payables, receivables and fixed assets, to accounting and periodic end closing along with procurement services for production and non-production materials, it said.