Cognizant wins 7-yr IT services contract from Danish firm

NEW DELHI: IT services major Cognizant today said it has secured a 7-year contract from Danish firm ISS to provide Finance & Accounting (F&A) business process services in the Nordic region.

Financial details of the deal were not revealed. The Denmark-headquartered firm with over $14 billion in revenues offers services like cleaning, catering, security, property, support services and facility management. ISS has about 530,000 employees with operations in over 50 countries across Europe, Asia, North America, Latin America and Pacific.

In a statement, Cognizant said it has been "selected by ISS to provide 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 optimise and align its finance processes, and reduce costs".

Nordic region consists of Denmark, Finland, Iceland, Norway and Sweden.

Cognizant is a US-based IT services provider and has a big presence in India.

Under the 7-year engagement, Cognizant said, it will leverage its F&A Centre of excellence and deep expertise in business process automation, enterprise analytics, and global delivery to provide ISS with best-in-class operational processes, the US-based IT services provider added.