IT services vendor Cognizant has bagged a 7-year contract from Danish firm ISS to provide Finance & Accounting (F&A) business process services in the Nordic region.
The company did not share financial details of the deal.
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.
The US-based IT services provider will provide F&A business process services spanning order-to-cash, procure-to-pay, and record-to-report, to assist ISS to enhance quality, further optimize and align its finance processes, and reduce costs. Nordic region consists of Denmark, Finland, Iceland, Norway and Sweden.
Under the 7-year engagement, Cognizant will leverage its F&A Centre of excellence and expertise in business process automation, enterprise analytics and global delivery to provide ISS with operational processes.