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Advisory - Overview - Ernst & Young - United States

Securing the present . . . protecting the future

Taking a 360◦ view of your company’s health is a necessary first step to securing the present and building for the future. Many organizations are focused on short term issues, such as reducing costs and current financial risks, but it is equally important to consider performance improvement opportunities that will drive growth and operating efficiencies for the longer term and create a stronger competitive position.

We take a structured approach to helping you improve the performance and effectiveness of your business by examining everything from the core management and business processes that have the greatest day-to-day impact on your organization, to your future direction and opportunities for growth. Our deep experience in areas such as process transformation, working capital management, enterprise-wide cost reduction, risk and controls, IT effectiveness, revenue enhancement, supply chain effectiveness and program management allows us to deliver the broad perspective you need to improve the overall health and strength of your organization.

So whether your focus is on transforming your entire business or on sustaining performance and building on today’s achievements, having the right advisors on your side can make all the difference. We offer objective advice and fresh insights to help you achieve tangible results and sustainable improvements wherever you do business. 

Former employees a threat to IT security, study finds

Three-quarters of executives worry about corporate data theft and other IT-related reprisals by laid-off employees. Of nearly 1900 executives polled, 42% say they’re studying potential risks related to this issue and 26% are taking steps to mitigate them. Learn more about our 2009 Global Information Security Survey (pdf, 863.8kb) .

Finance performance improvement starts with framework

Amid signs of economic recovery, we suggest in The future of Finance (pdf, 248.8kb) that CFOs establish and implement a holistic framework that identifies weaknesses and potential improvements, and which helps enable Finance to be more effective, lower costs and help deliver more value to the bottom line.

Can new accounting standards prevent another financial crisis?

After six months of study, the Financial Crisis Advisory Group has issued recommendations on accounting standards for boards, policymakers and other financial professionals. In this webcast, you’ll hear what CEO Jim Turley and others have to say about the Group’s recommendations, and what they could mean for the future of IFRS.

The top 10 business risks for 2009

What challenges are likely to affect your company in 2009 and beyond? The credit crunch aftershocks and the deepening global recession rank as the most important business risks for 2009, displacing regulation and compliance — last year’s top risks. Green initiatives, competition from new entrants, human capital issues, and reputational risk all rose in "The 2009 Ernst & Young business risk report — the top 10 risks for global business".

Sector top 10 business risk reports also available:

Managing through uncertainty: Taking a balanced approach

Corporate growth has been severely hit and access to capital has become tight. Despite changes in the economy, and the uncertainties that persist, the markets still expect businesses to perform. To guide your company, (pdf, 581kb) it is important to understand how leading companies have behaved during previous downturns and to know what actions to take.

IT Trends: Cost reduction through virtualization and cloud computing

In today’s turbulent environment, many organizations are looking for ways to drive costs out of the IT function, but others are looking for ways that technology can help rationalize costs across the enterprise. Virtualization and cloud computing (pdf, 443 kb) are two important IT cost-reduction opportunities that organizations should consider.

An increasingly complex challenge

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XBRL

Increased economic, market and regulatory pressures have encouraged senior management to reassess how business information reporting is performed. eXtensible Business Reporting Language (XBRL), is designed to improve the reporting process for those sharing information internally or trading documents across company lines.

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