TEANECK, N.J., Feb. 9, 2022 /CNW/ — Cognizant (Nasdaq: CTSH) introduced immediately that it has renewed its contract settlement with Volvo Automobiles to supply finance and accounting (F&A), and procurement companies. The settlement covers the automotive maker’s world accounts payable and accounts receivable, direct and oblique procurement and logistics companies.

(PRNewsfoto/Cognizant) (PRNewsfoto/Cognizant)

Within the new three-year settlement, Cognizant will allow Volvo Automobiles to harmonize its F&A and procurement processes and implement Clever Course of Automation (IPA) to drive effectivity and help its ongoing digital transformation journey. Utilizing greatest at school Cost On Time (POT), extremely automated, contactless processing of invoices, faster decision to provider and buyer queries via ticketing instruments, Volvo Automobiles will even have the ability to cut back the price of supply of enterprise course of companies and enhance total enterprise outcomes.

“The automotive business has been present process steady evolution as enterprise fashions change and the shift to electrical automobiles has change into key to automotive makers’ targets of local weather neutrality. We’re proud to help Volvo Automobiles in its speedy progress throughout quite a few markets,” stated Anne-Sofie Risåsen, Head of Nordics, Cognizant. “We now look ahead to strengthening the already established world commonplace F&A and procurement processes as we enhance our footholds in direct and oblique procurement.”

Cognizant has been engaged with Volvo Automobiles since 2011.

About Cognizant
Cognizant (Nasdaq: CTSH) engineers trendy companies. We assist our purchasers modernize expertise, reimagine processes and rework experiences to allow them to keep forward in our fast-changing world. Collectively, we’re bettering on a regular basis life. See how at www.cognizant.com or @cognizant.

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