Finance Technology Services solution

Integrate digital technology enablers that serve as beacons of innovation and help enable the finance function drive process efficiency and derive business insights.

EY teams use a broad set of emerging technologies and leading services to drive hyperautomation and support cloud-based, agile and digital finance functions:

• Artificial intelligence and GenAI
• Intelligent automation
• Advanced analytics
• Blockchain and IOT

Develop an approach to adapt business processes in a technology context to increase productivity and efficiency, leveraging tech enablers.

EY teams use process enablement to help deliver substantial operational benefits and recover major technology change business cases. A wide array of technology enablers in the fields of business intelligence, business process management and process mining can help organizations harness the efficiency gain from this effort.

Business intelligence (BI)

• EY teams help organizations use BI technologies to provide historical, current and predictive views of business operations.
• Alliance relationships include Microsoft, SAS and Splunk.

Business process management (BPM)

• EY teams use BPM tools to help organizations model, analyze and execute business processes to improve efficiency.
•  Alliance relationships include: Appian, IBM, Pega.

Process mining

• EY teams use process mining tools to leverage a company’s data (often from ERP systems) to perform fact-based analysis of business processes, conduct conformance checking and derive insights.
• Alliance relationships include: Celonis and Ui Process Mining.

Undertake ERP/EPM cloud migration​ that harnesses the potential of cloud and emerging analytics platforms.

EY teams provide cloud migration and transformation through the EY Cloud Enablement Center (CEC), which serves as a hub and near-shore compliment to the EY cloud capabilities and delivery centers across the globe. The CEC caters to the full breadth of regulated financial service businesses adopting cloud-based models and infrastructures at increasing speed by leveraging the EY Organization’s existing cloud talent and services capabilities.

The CEC offers:

• Cloud strategy and assessment
• Cloud governance
• Application rationalization
• Cloud risks and controls
• Cloud data — NextGen
• Hybrid cloud deployment
• Cloud migration services
• Cloud native digital platform development

Improve UX/UI from the lens of finance practitioners and stakeholders from upstream and downstream.

EY teams use technology to drive an integrated user experience across the enterprise. This technology can be facilitated through EY Global Business Services, which enables an integrated user experience across the enterprise by prioritizing four levers of business value: experience, scale, branding and performance.

Build process improvements and data harmonization from all financial applications, covering ​consolidation, payables, receivables and more.

EY teams help organizations establish centralized virtual close and command centers to:

• Consolidate communication of close activities.
• Replace paper-based sign-offs with digital; maintain evidence of control execution.
• Modify standard processes and controls and update documentation to cloud platform.
• Define a risk-based approach to help manage account reconciliation frequency.
• Improve reliance on digital tools to automate and store documentation.
• Identify automation opportunities to help maximize financial close solutions.
• Integrate solutions across purpose-built platforms.
• Design long-term roadmap for continuous improvement.