Financial Applications, Processes and Analytics
EY Financial Accounting Advisory Services (FAAS) teams combine accounting and reporting experience, analytics, and advanced technologies to help increase your efficiency and operational excellence, and solve issues relating to your finance and controllership functions.
What EY can do for you
In today’s business environment, the ability to evaluate and communicate business performance in a transparent and timely manner has never been more powerful or more critical. EY teams are positioned to help address these challenges through our deep knowledge of the finance function. We can help the finance and controllership function to enhance and redesign the close process, understand user considerations for finance-related systems, develop financial advanced analytics, and manage multi-country and multi-Generally Accepted Accounting Principles (GAAP) reporting.
EY teams continually identify and create new technological advancements, tools and strategies, and apply them to the issues impacting the CFO’s agenda. Using the latest applications and analytical methods, EY teams can help you increase the level of trust in your financial and nonfinancial data, processes and reporting, and help create value through innovation.
These advanced solutions for the finance function can help to facilitate the improvement and automation of financial and nonfinancial processes, identify control deficiencies, support management decision-making and improve financial oversight.
Reporting technology and analytics
EY teams can apply advanced technologies such as artificial intelligence (AI), blockchain, process mining or core statistical analytics to improve financial insights, and help drive efficiency and operational excellence. For example, EY teams can help shorten process cycle times, reduce process complexity – including the number of alternate process flows – and increase the effectiveness of controls embedded in the financial statement close and related support processes.
EY FAAS technology solutions are global in nature, industrialized and can be customized to your business-, geography- and industry-specific requirements. These technology solutions can be provided on-premises or in a cloud environment, either on a one-off or ongoing basis.
EY teams can assist you with the analysis, evaluation, design and implementation support on accounting, process, controls and IT systems remediation. This includes identifying and organizing findings to analyze their root cause.
The EY multidisciplinary teams combine traditional competencies, such as accounting, professional skepticism and teaming, with EY multi-GAAP accounting and reporting experience , technology, data and analytics to help deliver business insights, and help increase your efficiency, effectiveness and operational excellence.
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