Cognizant has been named one of the top providers of Finance and Accounting Digital Outsourcing (FAO) services by Information Services Group (ISG).
The ISG Provider Lens FAO Digital Outsourcing Services Archetype Report assessed 19 FAO providers serving the U.S. market on their ability to address the requirements of five typical, frequently encountered enterprise buyer archetypes. Cognizant was highlighted as a leader in all five that were evaluated: transaction service buyers, automation implementers, transformation-oriented buyers, holistic buyers and vertically focused buyers.
“The digital revolution is rapidly transforming the finance and accounting function, with enterprises embracing such technologies as cloud, automation, analytics and blockchain to gain real-time – and predictive – insights into business performance and to streamline work,” said Esteban Herrera, Partner and Global Leader of ISG Research. “Cognizant’s digital expertise and forward-thinking capabilities across industries provides CFOs with the tools necessary to transform their businesses into agile organizations and improve customer experience.”
“As enterprises transform business models to retain customers and compete for new business, there is significant opportunity to reinvent the role of the finance and accounting departments into critical business decision-makers,” said Murali Krishnamurthy, Global Head, Finance and Accounting Practice, Cognizant Digital Operations. “Cognizant helps organizations adopt a smart, enterprise-wide approach to digital transformation from the front to the middle to the back office,to help deepen customer loyalty and satisfaction and increase profitability. As we continue to transform financial and accounting business processes for our clients, we are honored to be recognized as a leader in the ISG Provider Lens FAO report.”