EY launches Agile Business – Finance Transformation service to deliver improved efficiency to CFOs and finance functions

London, 9 January 2017

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  • Service based on SAP S/4HANA® uses advanced data analytics and digital dash-board tools that enable CFOs to forecast their transformation readiness

EY announces the launch of EY Agile Business – Finance Transformation, a comprehensive service that builds on the capabilities of SAP S/4HANA Finance software and is designed to help CFOs and others in the finance function to better realize the benefits of advanced technologies that include in-memory and cloud-based computing, as well as an enhanced user interface.

Utilizing the capability of SAP S/4HANA Finance, which uses real-time analytics, prediction and simulation to instantly evaluate the financial implications of business options, the EY Agile Business – Finance Transformation service provides assessment tools that enable organizations to measure their readiness for changes in their finance function, including the current cost structure and skill gaps.

The EY Agile Business – Finance Transformation service incorporates an implementation methodology that enables a disciplined, cross-functional implementation approach for finance leaders to understand, explore and develop a customized strategy and road map, with a focus on realizing tangible business benefits and driving ROI. With EY Agile Business, clients can reduce close times by up to 80%, improve budget and planning cycle times by 77%, and increase productivity for transaction processing by 50%.

Tony Klimas, EY Global Finance Leader, Advisory Services, says:

“These days, complexity is increasing dramatically for CFOs, driven by a host of new technologies, challenging investment decisions and new business models, while at the same time the role of finance and the associated expectations of the business toward the finance function are changing as well. This is putting tremendous pressure on CFOs – to act quickly and decisively often with less information and fewer resources. The EY Agile Business – Finance Transformation service is designed to address these challenges by leveraging the power of SAP S/4HANA Finance and a business-led approach to re-imagine a finance function built for a digital world.”

Thack Brown, general manager and global head of SAP’s Line of Business Finance says:

“The EY Agile Business Finance Transformation service is an innovative way to realize the full potential of SAP S/4HANA Finance, as it helps streamline CFOs’ day-to-day transactional activities, allowing talent and resources to focus on strategic priorities across the wider enterprise. This service will help enable our mutual customers to unlock greater value by leveraging EY’s finance function knowledge on the backbone of the advanced digital capabilities of SAP S/4HANA Finance.”

The EY Agile Business – Finance Transformation service incorporates EY’s broad capabilities in multiple disciplines, including finance transformation, cost reduction, risk management, business analysis, organizational design, tax enablement and other areas.

Kevin Ichhpurani, EY Global Head of Alliances and Ecosystem Innovation, Advisory Services, says:

“At EY, we have a comprehensive, business-focused perspective that allows us to address strategy, processes, technology and operational impacts simultaneously. The launch of this service demonstrates our commitment to redefine the next-generation consulting services organization.”

EY, which is one of the leading content providers for SAP S/4HANA and finance approaches, has also been investing in creating next-generation collaborative solutions, including the 2016 launch of the EY Experience Center in Alpharetta, Georgia, for services focused on extending the SAP® digital core with solutions built on SAP HANA® Cloud Platform. Additional EY Financial experience centers are scheduled to open in 2017.

For more information visit: ey.com/sap/finance.

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Notes to Editors

About EY

EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. For more information about our organization, please visit ey.com.

This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.

About EY Agile Business – Finance Transformation

EY Agile Business – Finance Transformation supports a global and real-time view of financial performance. Real-time analytics are made available to turn data into insights. EY leverages leading practice processes inherent in SAP S/4HANA Finance; business processes are simplified to reduce customization and standardized to eliminate variation across business units. The business is now able to correlate key financial and external metrics to make informed decisions about future investments.

SAP, SAP S/4HANA, SAP HANA and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE (or an SAP affiliate company) in Germany and other countries. See http://www.sap.com/corporate-en/legal/copyright/index.epx for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies.