EY ifb Transformation services for financial organizations

Each transformation project starts with developing a strategy that defines your key challenges and goals. We examine your enterprise architecture and corporate culture to identify vulnerabilities and potential for optimization. This involves realizing cost efficiency using business cases and aligning the organization with new trends including digitalization, automation and robotics.

We define objectives and future scenarios for your company with you, using fit-gap analyses to match your current situation with the best-practice models, developed over 25 years of successful project work. In this way, we formulate a roadmap for the practical, stringent implementation of your vision.

We develop solutions to disentangle often barely manageable networks consisting of diverse data silos and transform them into a uniform, centrally manageable data layer. In this process, we simplify the system architecture and data consolidation, thereby realizing significant cost savings. We achieve this by taking a comprehensive view of the business processes, data flows and data models of your company's departments including the associated IT systems. By replacing or minimizing expensive manual data processing procedures and error-prone consolidation steps, we boost data quality and business process efficiency.

At the beginning of a transformation project, we review your processes, regulations and governance. We identify processes that may need to be changed, whether existing applications can be integrated, or new software solutions with specific features have to be implemented. We can also map existing risks to establish optimally adapted control mechanisms. Based on these analyses and findings, we develop a design to optimize your business processes, which generally includes more effective process management with complete process documentation, as well as new policies and revised roles and responsibilities.