Norway Post Outsources Finance and Accounting Services
Norway Post (NP), the Norwegian postal and logistics services company owned by the Norwegian Ministry of Transport and Communications (NMTC), has outsourced its finance and accounting services to Cognizant, a provider of consulting and business process outsourcing services, and Visma, a provider of business software and services for accounting and administration.
As part of the multi-year deal the services delivered span the entire value chain of transactional finance services, ranging from accounts payables (A/P) and accounts receivable (A/R), 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 process improvements, operational efficiencies, increased automation, enhanced productivity, and a high-quality customer experience.
This programme is a part of Norway Post’s plan to enhance its business effectiveness.