Cognizant will continue delivering Financial
and Accounting (F&A) services for ISS that have already
provided an efficiency gain in financial processing for one of the
world's largest facility management organizations
TEANECK,
N.J., Oct. 30, 2023 /CNW/
-- Cognizant (Nasdaq: CTSH) today has announced
a five-year renewal with ISS, a leading workplace experience and
facility management company. The extended collaboration will enable
Cognizant to continue helping ISS create efficiencies and enhanced
innovation within its financial organization across Northern Europe. To date, Cognizant has
transitioned multiple and country specific processes and systems
into one simplified, consolidated, and automated framework. The
enhancements have enabled F&A employees at ISS to process more
invoices each year meaning a better experience for their customers
and vendors.
Cognizant began the partnership with ISS in 2014 and in that
period has successfully delivered an optimized scalable financial
and accounting model. This has enabled multiple countries and
services to be consolidated under one standardized process and
system that improved efficiency and reduced costs. A new control
framework has also been delivered which works to reduce duplication
within the workflow of Finance & Account processes. Cognizant
has also introduced several different tools and systems to improve
automation, including duplicate audit tools such as
ProHanc and Tracer. During the next phase of the project,
Cognizant aims to drive continuous innovation and productivity
improvements for the financial organization by providing solutions
and processes designed to simplify, harmonize, and standardize the
way of working with the goal of achieving further cost savings.
Work will also be conducted to design solutions for later
deployment across other business units in ISS alongside and in line
with a continuous roll out of Global One ISS strategy.
Thomas Djursoe, Country Manager of Cognizant Denmark said: "We
are delighted to be continuing our collaboration with ISS to
further innovate and create efficiencies for the financial
organization in Northern Europe.
During our engagement, we have worked together to introduce a new
operational model which has improved invoicing and communication
for both ISS's customers and vendors. ISS employees are also
working more efficiently and in collaboration with multiple
countries which has ultimately resulted in a lower cost for ISS due
to the streamlining of operations. We look forward to the next
phase of our collaboration and ongoing innovation with ISS."
Pawel Rowicki, Head of Shared
Services Transformation at ISS said: "During our engagement with
Cognizant we have transitioned from a multiple, and country
specific, financial process to one consolidated and automated
model. This has significantly improved our efficiency and the
overall service we deliver to our vendors and customers. As a
result, the finance team now process invoices faster and in a more
cost-effective way due to the standardized service we operate. I
look forward to the continued collaboration with Cognizant and
enhanced innovation and efficiency gains we expect to continue
achieving together."
About ISS
ISS, a leading workplace experience and
facility management company, provides placemaking solutions that
contribute to better business performance and makes life easier,
more productive and enjoyable – delivered to high standards by
people who care. https://www.issworld.com/en
About Cognizant
Cognizant (Nasdaq: CTSH) engineers modern businesses. We help our
clients modernize technology, reimagine processes and transform
experiences so they can stay ahead in our fast-changing world.
Together, we're improving everyday life. See how
at www.cognizant.com or @cognizant.
For more information, contact:
EMEA / APAC /
Americas:
|
India:
|
Christina
Schneider
|
Rashmi
Vasisht
|
christina.schneider@cognizant.com
|
rashmi.vasisht@cognizant.com
|
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SOURCE Cognizant Technology Solutions