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 organizations can shape the world of Responsible AI

In this episode of the EY Microsoft Tech Directions podcast, we discuss the latest generative AI (GenAI) approaches, methodologies, pitfalls and use cases.
Podcast

Episode 13

Duration
45m 15s

Presenters

Beatriz Sanz Sáiz

EY Global Consulting Data and AI Leader

How technology is shaping the employee experience

In this episode of the EY Microsoft Tech Directions podcast, we explore the critical role of technology in shaping the employee experience and how it can create a thriving workforce.
Podcast

Episode 12

Duration
48m 48s

Presenters

Maya N. Smallwood

EY Global People Advisory Services Employee Experience Leader

How to get more for your security dollars

In this episode of the EY Microsoft Tech Directions podcast, we discuss the benefits of simplifying security and how best to spend money doing so.
Podcast

Episode 11

Duration
37m 20s

Presenters

Rapid foundations for mergers, acquisitions, divestitures and startups

In this episode of the EY Microsoft Tech Directions podcast, we explore accelerating ERP integrations for mergers, acquisitions, divestitures and startups.
Podcast

Episode 10

Duration
32m 39s

Presenters

Alex Corps

Partner, Business Applications Innovation, Ernst & Young LLP

Amer Dalain

Global Solutions Strategy Leader for Dynamics 365 Finance, Microsoft

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

EY EMEIA Innovation Leader; Partner, Forensic & Integrity Services, Ernst & Young GmbH Wirtschaftsprüfungsgesellschaft

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