Digital Finance

Accelerate your finance transformation

EY Digital Finance for SAP® offerings helps clients accelerate their transformation to a future-ready, agile finance function focused on sustainable long-term value. EY teams work closely with CFOs to help enable the adoption of new technologies, operating models and talent to digitize broad processes, provide timely insights and improve business partnership.
 

Whether in the cloud or on premise, EY teams help clients deploy SAP by building strategies, architecting transformations, and supporting a customized, secure and enhanced cloud offering. We bring the value of cloud to clients through our thought leadership embedded in lightweight software assets.  

Digital Finance leverages EY and SAP leading practices, tools and assets to simplify, standardize and automate broad business processes, including tax; help enable new business models; and support growth strategy, including mergers and acquisitions. Digital Finance also assists clients in building reporting and analytics platforms to improve forecasting accuracy and make informed decisions about future investments.  

The world around us is changing at a rapid pace. CFOs need to consider key shifts when transforming organizations in a more digital world:  

• Exploring new business models as new companies and technologies disrupt the status quo 
• Implementing new processes and offerings that focus on customer experiences, efficiency and speed with an end-to-end mindset 
• Using automation and intelligence to further enable Digital Finance 
• Adopting new management and innovation strategies for talent development 
• Embracing new tools and governance to manage the explosion of data 
• Creating new service delivery models to incorporate changing technologies, regulations and speed 

Finding a better way

These fundamental changes require finance to focus on value generation. Organizations may consider: 

• Increasing visibility across the finance function, including treasury, tax, operations, costing by concentrating on offerings not technical migration 
• Improving planning and forecast accuracy by integrating the operational data and transforming financial and planning analysis (F&PA) to extended planning and analysis (xP&A) 
• Increasing the ability to automate processes, reduce manual effort and simplify complex transactions 
• Reducing the complexity of finance by standardizing processes and rationalizing applications
• Increasing data granularization connected to financial transactions to gain greater clarity and develop actionable plans  
• Improving the finance operating model to improve, leverage and deploy finance talent 
• Implementing tax sensitivity and functionality within SAP 

How EY can help

Technologies will transform the finance function as companies want  to unlock their full potential. Leaders will need to know how to utilize these technologies and effectively implement them so that finance can focus on being a strategic pioneer by increasing deeper communication and partnership between finance and the business.

• Accelerate SAP S/4HANA® business case and road map development for finance transformation enabled by technology  
• Help deliver outcome-based detailed finance transformation and innovation through a combination of deep SAP, finance operations, treasury, tax and planning capabilities from planning through execution — all based on the Digital Finance platform 
• Enhance scenario planning analysis and advanced reporting capabilities to align marketplace events with business strategy  
• Align strategic and operational financial planning utilizing a driver-based methodology  
• Enable process and people enhancement to help streamline financial close and remote financial close 
• Diagnose, predict and improve cash analysis, liquidity reporting and working capital management 
• Deliver chart of accounts and finance code block design by incorporating finance, management and legal reporting requirements embedding critical business decisions in the core data requirements for today’s and tomorrow’s business demands 
• Integrate tax with Digital Finance to unlock SAP tax potential and identify potential value available across all areas of the balance sheet and profit and loss account, while also identifying the functional capabilities that are needed to operationalize the benefits  
• Create models of profitability recovery that prioritize scenarios based on constraints to increase profit 
• Adopt on/off/nearshore models for functional and technical consulting across SAP and finance operations