How to maximize the cloud for finance and tax transformations

In this episode of the EY Microsoft Tech Directions podcast, we explore how businesses are co-sourcing finance and tax functions to meet talent shortages, legislative change, and technological transformation challenges.

Podcast host Susannah Streeter welcomes Myles Corson, EY Global & Americas Strategy and Markets Leader, FAAS, Dave Helmer, EY Global Tax and Finance Operate Leader, and Lyn Bird, VP, Cross-Industry at Microsoft. Together they discuss how technology is enabling modern finance and tax transformations.

Talent shortages, legislative change, and technological transformation caused by the pandemic and geopolitical uncertainty are placing unprecedented pressure on corporate finance and tax departments. In-house finance and tax specialists are tracking a growing set of requirements that crowd their agenda. These developments are increasing the workload for functions that are facing budget cuts and unparalleled skills shortages.

Many businesses are co-sourcing select activities to tech-enabled finance and tax specialists. The mounting complexity of modern finance and tax systems is leading corporate finance and tax departments to pass at least some of the responsibility for routine work to outside providers. Whether it’s in-house, managed services or a blend of both, co-sourcing routine tasks such as financial planning, tax and statutory accounting can help improve efficiency and give senior staff the breathing space to tackle answers to some of the big strategic questions facing businesses.

In this podcast, our panelists share how businesses are taking action to adjust to these changing dynamics and how leaders can better position their finance and tax functions, leveraging data and technology, to add greater value to the organization.

Key takeaways:  

  • Using an optimal operating model is key. Separate what the function does between high-value, high-risk activities and data-driven, routine activities. Build automation that can drive data-driven routine activities or work with a provider to free your teams up to be a truly value-added partner to the business.
  • Successful finance transformation is about enabling better business performance and business outcomes. Connect the vision for your finance function to the overall strategic vision for your business.
  • Use the right tech solutions to access better data, gain richer insights and provide the business with opportunities to accelerate growth.

For your convenience, full text transcript of this podcast is also available. Read the transcript.

Presenters

Myles Corson
EY Global and Americas Strategy and Markets Leader, Financial Accounting Advisory Services
Dave Helmer
EY Global Tax and Finance Operate Leader

Podcast

Episode 9

Duration 36m 12s

In this series

Show all podcasts
(Event List - Manual)

How to maximize the cloud for finance and tax transformations

In this episode of the EY Microsoft Tech Directions podcast, we explore how businesses are co-sourcing finance and tax functions to meet talent shortages, legislative change, and technological transformation challenges.
Podcast

Episode 9

Duration
36m 12s

Presenters

Myles Corson

EY Global and Americas Strategy and Markets Leader, Financial Accounting Advisory Services

Dave Helmer

EY Global Tax and Finance Operate Leader

How to maximize the transformative power of next-gen data and analytics

In this episode of EY Microsoft Tech Directions, we explore ways organizations can leverage the full power of data and analytics, triggering truly customer-centric transformation.
Podcast

Episode 8

Duration
32m 05s

Presenters

Jim Little

EY Global Microsoft Alliance Lead and EY Americas Technology Strategy Lead

Andrew Wilson

Chief Digital Officer at Microsoft

How tech innovations are solving the challenges of legal and compliance teams

In this episode of the EY Microsoft Tech Directions podcast we explore how data-driven technology can help organizations monitor and manage legal and compliance risk in real time.
Podcast

Episode 7

Duration
44m 29s

Presenters

Todd Marlin

EY Global Forensic & Integrity Services Technology & Innovation Leader

Meribeth Banaschik

Partner, Forensic & Integrity Services, EY GmbH Wirtschaftsprüfungsgesellschaft; EY Europe West Forensics Discovery & Digital Solutions Lead

How connected and sustainable products are the future of manufacturing

In this episode of the EY Microsoft Tech Directions podcast, Jerry Gootee, EY Global Advanced Manufacturing Leader, and David Breaugh, Microsoft Americas Business Lead for Manufacturing Industries, discuss the benefits of connected products.
Podcast

Episode 6

Duration
36m 47s

Presenters

Jerry Gootee

EY Global Advanced Manufacturing Sector Leader

David Breaugh

Americas Regional Business Lead - Manufacturing, Microsoft

How to overcome cybersecurity challenges in a post-pandemic world

In this episode of Tech Directions, Kris Lovejoy, EY Global Cybersecurity Leader, and Joram Borenstein, Microsoft General Manager of Security Sales Strategy & GTM, discuss the benefits of a security-by-design mindset post- pandemic.
Podcast

Episode 5

Duration
34m 54s

Presenters

Joram Borenstein

General Manager of Security Sales Strategy & GTM, Microsoft

How technology is shaping the modern workplace

In this episode, Seth Patton, Microsoft General Manager for Microsoft 365 & Microsoft Viva Product Marketing and Cheryl Dewar, leader of EY’s ‘Modern Workforce’ Tech Consulting Team discuss hybrid working models.
Podcast

Episode 4

Duration
30m 52s

Presenters

Cheryl Dewar

EY Americas Next Generation Workplace Leader

Seth Patton

Speaker, EY Microsoft Tech Directions

Why artificial intelligence needs C-suite support

In this episode of the EY Microsoft Tech Directions Podcast Series, we discuss AI adoption by businesses around the world.
Podcast

Episode 3

Duration
47m 06s

Presenters

Hugh Burgin

EY Americas Microsoft Data & AI Leader

Empowering employees to create business applications

In this episode of the EY Microsoft Tech Directions podcast series, we discuss Microsoft Power Apps and the rise of business innovation.
Podcast

Episode 2

Duration
39m 58s

Presenters

Kristie Reid

EY Americas Microsoft Business Applications Leader