Need compensation negotiation advice.

I have a Cognizant offer of 20.7 LPA and have completed all rounds at ICE MT with positive feedback. HR has started document collection and mentioned that a competing offer would help support compensation discussions. I also have an EY process awaiting a final decision.

If EY doesn't convert, how much leverage would I realistically have based on interview performance, experience, and hiring manager support alone?

P.S. Im 7+ YOE fullstack(JS techstacks) dev

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