John is CEO of NelsonHall, the leading business process services (BPS) and IT services (ITS) research and analysis firm, and is widely regarded as one of the world's leading authorities on achieving business transformation through the application of BPS.
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Rachael Stormonth, Senior Vice President at BPS analyst house NelsonHall, discusses the latest business trends in F&A BPS with Professional Outsourcing magazine, and describes how some companies are using it as a platform for business transformation.
published on Sep 24, 2024
This NelsonHall vendor assessment analyzes Cognizant's offerings and capabilities in Finance and Accounting Transformation
NelsonHall’s finance and accounting transformation from RPA to GenAI profile on Cognizant is a comprehensive assessment of Cognizant’s offerings and capabilities, designed for:
The report provides a comprehensive and objective analysis of Cognizant’s finance and accounting transformation offerings, capabilities, and market and financial strengths, including:
Cognizant offers F&A operations, transformation, and advisory services, focusing on an F&A ecosystem that helps the company deliver end-to-end transformation and value for CFOs.
In the last eighteen months, Cognizant has seen increased activities around F&A with new client wins across various sectors and increased scope and scale of F&A delivery beyond AP, AR, month-end closing, and reporting. It has had increased client queries and requests for support in areas such as SOX compliance, order managemnt, ESG reporting and accounting, and indirect taxation.
Cognizant's F&A offering includes advisory, transformation, and operations, with ~10,000 FTEs delivering finance and accounting BPS and transformation services to ~120 clients. Cognizant has recently focused on expanding its F&A offerings across industry verticals and increasing its penetration into more strategic areas such as tax, SOX compliance, order management, indirect tax, ESG reporting, and accounting.
