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Norway Post Awards Cognizant and Visma Multi-Year Finance and Accounting Business Process Outsourcing Contract

Monday, July 11, 2011 2:01 AM

OSLO, Norway, Jul. 11, 2011 (PR Newswire Europe) -- v>

/PRNewswire/ --

- Cognizant and Visma to help Norway Post Enhance Business Effectiveness and Customer Experience

Cognizant [http://www.cognizant.com ] , a leading provider of information technology, consulting, and business process outsourcing (BPO) services, and Visma, a leading provider of business software and services for accounting and administration, today announced that they have entered into an outsourcing arrangement with Norway Post, the leading Norwegian postal and logistics services company owned by the Norwegian Ministry of Transport and Communications. Norway Post is engaged in the development and delivery of integrated, value-adding communications and logistics solutions to domestic and international customers through physical and electronic networks.

As part of the multi-year deal, Cognizant and Visma will collaborate to deliver finance and accounting services to Norway Post. The services delivered span the entire value chain of transactional finance services, ranging from accounts payables and receivables, to fixed assets, general ledger, and period-end closing. 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 strategic program 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. Cognizant and Visma will help Norway Post realize the full promise of newer ways of delivering and innovating its finance and accounting services.

"This is one of the largest Norwegian outsourcing contracts ever awarded within finance and accounting outsourcing," said Peter Lauring, CEO of 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."

"We are delighted to extend our finance and accounting footprint into the Nordic region," said Santosh Thomas, Senior Vice President and Head of Continental European Operations for Cognizant.


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