EY ranked Horizon 3 in HFS Horizons: Strategic Finance, 2022 report

Shown above is the HFS vendor assessment chart classifying Strategic Finance FP&A service providers into Horizon 3 (Market leaders), Horizon 2 (Enterprise Innovators) and Horizon 1 (Disruptors). EY is rated as a Market Leader, and is placed in Horizon 3 at the top of the chart.

FP&A highlights

Moving from CFO focus to CVO (chief value officer): EY recognizes it must focus on value-based outcomes and not just cost. Becoming data-driven while being value-led is not an easy task, but EY aims to achieve this with innovation at scale, technology at speed, and with what it calls Humans@Center.

EY relies on internal IP as the binding force to drive transformation goals: EY built in-house FP&A-specific assets and internal platforms to facilitate growth, such as Lighthouse, Capital Edge, FinPro, Mural, and other business intelligence dashboards, to support the function. EY brings clients, assets, and alliance partners together in an immersive approach in the wavespace. EY has embraced the OneOffice concept of collapsing silos between various functions and making finance the pivot in its journey.

Strengthening capabilities with partnerships: EY is pursuing forging growth-based partnerships like the ones it has with Microsoft and SAP. These partnerships have helped EY deliver on financial transformation while meeting advanced analytical goals. These strategic partnerships are expected to pave the way for improved outputs.