Finance Data Transformation solution

The Finance Data Transformation solution helps organizations drive consistent, enterprise-wide data definitions, usage and governance models through integration of a finance data office at the center of the finance function.

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The team

Photographic portrait of Long Viet Nguyen

Long Viet Nguyen

Partner, Consulting, Ernst & Young Vietnam Limited

EY photographic for Anh Thu Vu

Senior Manager, Consulting, EY Consulting Vietnam Joint Stock Company

Innovate and transform

Integrate a finance data office into the finance function to innovate more quickly, keep up with your customers and outpace competitors.

Harness data to drive decisions

Embed data-centricity into decision-making and daily operations to automate insights and rapidly deliver value.

Create long-term value

Understand and leverage data transformation methods that can have long-term benefits for customers, your people and society.

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Your business challenge

Finance leaders are turning to data to drive finance transformation and to deliver more value throughout the business. They are asking themselves:

How do we reduce unnecessary complexity in our global finance operations?
How do we cut time and cost in data reconciliation between systems?
How do we develop capabilities in AI, advanced analytics and blockchain?
How do we adhere to data privacy, security and ethical AI measures?
How do we align on a single definition of our finance metrics?
How do we eliminate multiple versions of truth?

Solution features and functionality

The Finance Data Transformation solution places the finance data office at the center of the finance function. This shifts the CFO from being chief of an operational cost center toward becoming a chief value officer.

The EY Finance Data Appliance is a leading-edge technology that combines AI and GenAI capabilities with finance data infrastructure, serving as an advanced data management tool specifically designed for finance departments. It provides a broad, detailed platform for data ingestion, data quality and robust, seamless analytics.

Robust data quality and governance
AI-enabled data management and integration
Detailed performance overview
GenAI-enabled data transformation
Predictive, actionable insights
Touchless processes with streamlined process automation
EY teams help organizations build a cloud-based solution that uses AI techniques to automate the process of collecting and importing large volumes of data from various sources.

Sourcing capabilities:

ERP data
Third-party data
Unstructured data
Streaming data
Cloud services
Financial system data
EY teams offer a service that combines AI technology with mapping capabilities to provide high-quality data.

Data quality capabilities:

Data profiling
Data quality dashboard
Issue management and remediation

Data mapping:

Common data environment
Hierarchies rationalization
List of values
Data mapping and harmonization
EY teams help build a cloud-based solution that leverages AI technologies to improve and automate the management and governance of master data.

Accelerators

Common data environment relationship and mapping
Intelligence based on platform
Hierarchies rationalization
List of values

Why EY

The Finance Data Transformation solution sits within a connected suite of EY finance solutions that supports the full agenda of the CFO. EY teams have over 11,000 professionals dedicated to finance and global business services (GBS) transformation.

Alliance relationships

EY alliance and ecosystem relationships allow organizations to put powerful technology at the core of their transformation to a future-ready, agile finance function. Finance Data Transformation solution utilizes Blackline, Microsoft, SAP and ServiceNow to build transformative finance functions.

The Team

Long Viet Nguyen

Partner, Consulting, Ernst & Young Vietnam Limited

Supporting organizations and businesses to transform governance and operating models, with three core pillars: digital technology and AI, human capital and sustainable development

Anh Thu Vu

Senior Manager, Consulting, EY Consulting Vietnam Joint Stock Company

Experienced consultant in business transformation, restructuring, business management and finance management.

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