Cognizant and Visma unite to strengthen Norway Post

VARINDIA- INDIA'S FRONTLINE IT MAGAZINE

Cognizant and Visma unite to strengthen Norway Post

Cognizant and Visma have announced that they have entered into an outsourcing arrangement with Norway Post. As part of the multi-year deal, Cognizant and Visma will collaborate to deliver finance and accounting services to Norway Post. Visma will combine its local Norwegian accounting and regulatory expertise with Cognizant's global delivery model, transaction processing capabilities, and Oracle solution accelerators to deliver significant process improvements, greater operational efficiencies, increased automation, enhanced productivity, and a high-quality customer experience.

"This is one of the largest Norwegian outsourcing contracts ever awarded within finance and accounting outsourcing," said Peter Lauring, CEO, Visma Services. "A prerequisite to be competitive on cost is to perform all transactional tasks in a global sourcing model. An innovative delivery model has been developed in cooperation with our partner Cognizant, a major global BPO and IT services provider. Combined, the partners will be able to deliver real business value that is cost effective to Norway Post in finance and accounting outsourcing." This strategic programme is a part of Norway Post's continued commitment to enhancing its business effectiveness in order to provide superior postal and logistics services throughout Norway.

"We are delighted to extend our finance and accounting footprint into the Nordic region," said Santosh Thomas, Senior VP and Head of Continental European Operations, Cognizant. "In a highly competitive environment, it is imperative to seamlessly integrate technology and business processes to achieve new thresholds of business effectiveness and operational efficiency. Together, Visma and Cognizant bring deep industry, business process, and regulatory insight. This, coupled with the high service levels of the two organizations and a strong focus on innovation, will help Norway Post further strengthen its leadership position and readiness to meet future industry challenges. We are committed to providing an integrated value proposition to Norway Post, making this long-term relationship a success."

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