Bonnier Group selects Cognizant for finance and accounting services

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Chennai: Cognizant today announced that it has been selected by Bonnier Group, the Nordic-headquartered international media group, to standardize its finance and accounting processes.

As part of the initial five-year agreement, Cognizant will streamline and automate a broad range of accounting services, including purchase-to-pay, order-to-cash and records-to-report in Norway, Sweden, Finland and Denmark and help the Group drive higher levels of cost efficiencies.

“We selected Cognizant due to its extensive experience and track record in providing value to global corporations in supporting finance and accounting processes,” said Åsa Thunberg, CEO of Bonnier Solutions. “By driving higher levels of efficiency in the processes, we will be able to free up resources to invest in the further development of Bonnier’s media businesses.”

“We are pleased that Bonnier has selected Cognizant to implement a shared vision of best-in-class F&A processes,” said Kaushik Sarkar, Vice President and Head of Nordics & Baltics at Cognizant. “By bringing together our deep expertise in technology, automation and analytics to Bonnier’s finance and accounting processes, we will help the Group drive higher levels of process standardization and governance across multiple geographies.”

Bonnier is a media group working in TV, daily newspapers, business and trade press, magazines, film, books and digital media. With a base in the Nordic region and a substantial presence in the U.S., Germany, the U.K. and Eastern Europe among other places, Bonnier has operations in 15 countries around the world and over 8,000 employees. Bonnier has been publishing high-quality media products since its start in 1804.

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