Finance Transformation Emerging Trend: Next Gen Analytics and Reporting

EY Comply

EY Comply is a technology-enabled managed services platform that automates core data sourcing from multiple disparate systems, validates and cleanses that data, and then makes it available for critical functions across the client’s value chain.

Insights at Speed

Artificial intelligence (AI), machine learning, natural language processing and natural language generation are changing the way financial institutions are transforming their management reporting organizations. Advanced analytics provides them with tools that make the impossible of yesterday the commonplace of tomorrow. Our approach to the adoption of AI and intelligent automation is human-centered, pragmatic and outcomes-focused.

Regulator Reviews and Remediation

Through the Regulator Reviews and Remediation offering, we enable our clients to address regulatory exam feedback; prepare for and limit the adverse impact from regulatory exams; redesign regulatory reporting processes, controls and governance to meet regulator expectations; and assess new and existing regulatory reporting requirements.

Digital Reporting

Digital Reporting tools enable regulatory reporting clients to derive data-driven business insights using data analysis and visualization tools to expedite decision-making ahead of regulatory submission.

Regulatory Reporting Testing

Design, build, execute and assess regulatory reporting quality assurance programs and activities (transaction testing, control testing and conformance testing) across the three lines of defense. Support QA operating model development, annual planning methodology and application, test execution, data profiling library development and rollout, and technology capability requirement and development (e.g., business process management (BPM) workflow, analytics, dashboarding, and document tagging, extraction and comparison automation). Support clients through consulting, out tasking and managed service delivery models.

Regulatory Reporting Governance and Controls

For regulatory reporting, oversight and internal control activities are critical and foundational to high-quality reporting. The EY Governance and Controls offering supports our clients with enhancing oversight activities and control processes and procedures, such as developing and performing risk prioritization assessments to identify areas of highest risk, developing workflow and attestation processes, supporting development of high-quality controls, and streamlining the issue management process.

EY DRIVE

To drive transformation, it is key to develop a compelling business case that drives consensus and stakeholder buy-in. EY DRIVE leverages digital capabilities to develop clear models that encourage stakeholder engagement and allow for agile iterations as inputs evolve.

• EY DRIVE: Business development platform

EY Comply

EY Comply is a technology-enabled managed services platform that automates core data sourcing from multiple disparate systems, validates and cleanses that data, and then makes it available for critical functions across the client’s value chain.