EY and SAP Alliance
EY teams can help today’s financial institutions (FIs) accelerate their transformation with SAP Solutions®.
Helping financial institutions transform the finance function
Today’s financial institutions (FIs) need to accelerate their transformation agendas to become more agile and resilient in their pursuit of growth and greater long-term value while maintaining regulatory compliance. Reimagining and redesigning the finance function is frequently central to that effort, with strategic investments in innovative technologies key to achieving better, faster results in the digital economy.
Together, EY teams and SAP® offerings can help FI clients — banks, insurance companies, and wealth and asset management organizations — transform their finance functions, and in the process increase both strategic focus and operational efficiency, become value creators for the entire business and realize sustainable competitive advantage.
How the world’s first behavioral bank is focusing on customer needs
Improving customers’ financial health required a bold, new approach to building the world’s first behavioral bank.
Creating an operating model with the customer at its core
In helping Discovery Bank to realize its vision, EY worked as an effective partner in implementing the bank’s back-end systems.
Digital first, customer first, banking first
Discovery Bank is now one of the main challenger banks in South Africa. It is also starting to serve as an inspiration for other banks around the world.
EY Transform for SAP methodology unlocks enterprise benefits by taking a people-centric, data-driven, value-focused approach to SAP-enabled business transformation. Built from the ground up for SAP S/4HANA® and powered by SAP Activate®, Transform for SAP leverages agile techniques to increase delivery velocity while also managing risks for transformation in the digital era.
This methodology has been integral to major banks and insurance companies' enhancing performance through scalable offerings; simplified data and systems architecture; flexible, controlled processes; enhanced reporting and analysis; and data-driven decision-making.
EY teams have created industry-specific tools and accelerators that appropriately position them to drive greater value in providing SAP offerings. For example, EY’s SAP Insurance Accelerators, Intelligent Transformation Platform (ITP) and Intelligent Metrics Navigator can help automate and accelerate migration, enhance management reporting and bolster broad capabilities.
The EY SAP Banking Accelerator leverages a platform and integrated approach that accelerates implementation while reducing risk in each phase. Pre-built business process scenarios and offering enablers are based on SAP leading practices and EY banking intelligence. EY’s completeness of vision and ability to execute in this arena have been recognized by the analyst community.
The EY organization has invested heavily in the global infrastructure, people model and innovative technology necessary to support a market-leading advisory and technology transformation capability. EY combines its regulatory credibility, industry experience, customer centricity and technological competencies gained by working with financial services executives with a global footprint of delivery options to provide superior service to our clients.
The EY comprehensive approach assists clients in realizing their transformation strategies and successfully evolving their businesses in a flexible, effective and future-focused manner. Together EY teams and SAP can help FI clients identify disruptive business opportunities, while delivering best-in-class digital readiness to keep pace with their peers.