Under the pact, the New Jersey-based firm will build a platform for FCL to simplify, automate and secure business processes, speed up collaboration and maximise synergies across all lines of business, the companies said in a joint statement.
The platform will enable FCL to optimise its supply chain and improve business throughput, it added.
"It will also help FCL harness digital technologies, including mobile and data analytics, for real-time performance and operational insights to accelerate decision-making, innovation and time-to-market," the statement said.
Cognizant Senior Vice President and Global Leader of Enterprise Application Services Rajesh Balaji Ramachandran said: "By combining our global industry experience with our extensive knowledge of SAP S/4 Hana technology, we look forward to help FCL move towards becoming a new-age digital enterprise driven by continuous innovation."
Future Group's engagement with Cognizant started in 2012, when the latter began to provide end-to-end IT infrastructure services to the group companies.
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