The better the question. The better the answer. The better the world works. У вас есть вопрос? У нас есть ответ. Решая сложные задачи бизнеса, мы улучшаем мир. У вас є запитання? У нас є відповідь. Вирішуючи складні завдання бізнесу, ми змінюємо світ на краще. Meilleure la question, meilleure la réponse. Pour un monde meilleur. 問題越好。答案越好。商業世界越美好。 问题越好。答案越好。商业世界越美好。


Privacy Statement

October 19th, 2017


1. Introduction

This Privacy Notice is intended to describe the practices which EY follows in relation to The Finance Navigator (hereafter also: “Tool”) with respect to the privacy of all individuals whose personal data is processed and stored in the Tool.

2. Who manages the Tool?

“EY” refers to one or more of the member firms of Ernst & Young Global Limited (“EYG”), each of which is a separate legal entity, and each of which can act as a data controller in its own right. The entity that is acting as data controller by providing this Tool on which your personal data will be processed and stored is Ernst & Young Accountants LLP.

The personal data which you provide in the Tool may be shared by Ernst & Young Accountants LLP with one or more member firms of EYG located throughout the world (see “Who can access your information” section below).

The Tool is hosted on Microsoft Azure servers that are located in Amsterdam.

3. Why do we need your information?

The purpose of the Tool is to assist you – as an entrepreneur – to build financial models that can help you to raise funding. The Finance Navigator will help you to create a complete financial model presented in financial statement format and dashboards. The Finance Navigator will help you to understand the financial terms and provide automated generated checks and tips to improve the quality of the information.
Your personal data processed in the Tool is used as follows:

Registration is not required to visit our Finance Navigator website. If you are merely a visitor, we do not collect any personal data about you, except to the limited extent through the use of cookies, which are described in our Cookie statement. However, there may be circumstances in which you choose to register for email newsletters and occasional business announcements and updates. In these cases, EY may contact you to invite you to special events, provide you with information about our services, publications and products, or for other marketing purposes. You can always opt-out of our periodic emails by unsubscribing at the bottom of any email newsletter we send to you.

If you would like to sign up to the use of the Finance Navigator functionalities (building financial models dashboard, forecast etc.), we will be processing additional data, such as your name, contact details, date of birth, country, password, the company you are working for and your IP address. In order for you to pay the access fee, we will be providing your details to our payment provider, Ingenico Financial Services SA/NV (“Ingenico”). Ingenico is acting as a controller in its own right with regard to the payment process. For additional information see paragraph 5 below.

In addition, we could use your data (in anonymized form) for benchmarking purposes. This will help you and other clients of The Finance Navigator to strengthen the assumptions and assess and compare various aspects of your business to peers. The benchmarking information is displayed in an anonymized way so there is no direct comparison between companies.’

EY relies on the following basis to legitimize the processing of your personal data in the Tool: Processing is necessary for the performance of your contract with EY allowing you to properly use The Finance Navigator.

The provision of your personal data to EY is optional, however, please be aware that if you do not provide us with all or part of your personal data, we may not be able to carry out the purposes for processing which are set out above.

4. What type of personal data is processed in the Tool?

The Tool processes (but is not limited to processing) the following categories of personal data: first name, last name, date of birth, IP address, e-mail, location (country) and password.

If you have already established a company, in addition to your personal details as mentioned above, the following company information may be processed within The Finance Navigator but is not limited to: company name, company address, company logo, VAT number, the year company was founded, sector, currency used, website, Chamber of Commerce number, business plan and (co) founders and employees.

In addition, we may be processing financial information such as historical and forecasted revenues, costs, operating expenses (incl. personnel), investments in assets (incl. deprecation years), current bank balance/funding raised and working capital terms.

This data is sourced from your input within The Finance Navigator.

5. Payment provider

If you subscribe to the Finance Navigator functionalities you are required to pay an accessfee. We will provide our payroll provider Ingenico with the data relevant for the payment process. Ingenico will be processing your preferred payment method, your bank accountant details and/or your credit details. EY will receive a confirmation from Ingenico if the payment transaction was successful. EY will not be processing or storing your bank account details or your credit card information.

Ingenico will use your data to comply with its legal obligation under applicable legislation relating to fraud monitoring and the fight against money laundering and the financing of terrorism. Ingenico will not communicate your personal data to any third parties, except (i) if necessary for the execution of your payment, and (ii) if Ingenico is required, in accordance with applicable legislation, to communicate data to the Belgian Financial Intelligence Processing Unit (CTIF-CFI), the National Bank of Belgium, or any other legal or administrative or law enforcement authority. This shall also apply if data is communicated to the persons listed above in a country that is not a member of the European Economic Area but guarantees an adequate level of protection, or in a country that does not offer such adequate level of protection, providing that Ingenico obtained adequate contractual guarantees (EU model clauses) from such recipients. You are entitled to consult your data and to obtain correction supplementation or blocking of inaccurate data, by written request sent to Ingenico Financial Solutions SA/NV, Legal Department “Data Protection”, Boulevard de la Woluwe 102, B-1200 Brussels (Belgium) or send an email to

6. Sensitive Personal Data

We will not be processing sensitive personal data in the Tool. Your bank account and/or credit card information may be processed by our payment provider Ingenico.

7. Who can access your information?

Your personal data may be accessed in the Tool by the following EY persons/teams:

  • The Finance Navigator team based in The Netherlands will have read-only access.
  • EY’s IT department will have access to the Tool for IT support purposes

In addition, the following parties may have access to your personal data:

  • The Tool is hosted by Microsoft on an Azure platform in Amsterdam;
  • Ingenico Financial Solutions SA-NV, based in Belgium will process your account payments and will have access to your personal data required to facilitate the payment of the subscription fee.
  • for marketing purposes and tracking consumer behavior.
  • Google analytics for tracking and reporting website traffic.

The access rights detailed above may involve the transfer of personal data in various jurisdictions (including jurisdictions outside the European Union) in which EY operates (EY office locations are listed at EY will process your personal data in the Tool in accordance with applicable law and professional regulations. Transfers of personal data within the EY network are governed by EY’s Binding Corporate Rules (

Additionally to the access rights described above, you have the option to share information with your investors.

8. Data retention

The policies and/or procedures for the retention of data in the Tool are as follows: Your data will be deleted within 12 months after your access to The Finance Navigator has expired and has not been renewed. Please make sure to export and save your data before ending your account with The Finance Navigator. As mentioned above, EY will anonymize your data and use (anonymized data only) for benchmarking purposes. This anonymized data will be retained for 10 years after the termination of your account.

Ingenico will retain the data regarding your payments for a period of 10 years.

After the end of the data retention period specified in the policies and/or procedures set out above, your data will be deleted.

9. Security

EY is committed to making sure that your personal data is kept secure. In order to prevent unauthorized access or disclosure, EY has put in place appropriate technical and organizational measures to safeguard and secure your personal data. All EY personnel and any third parties which EY engages to process your personal data are obliged to respect the confidentiality of your data.

10. Controlling your personal data

EY will not sell, distribute or lease your personal data to third parties (other than those parties referred to in section 7 above) unless we have your permission or are required by law to do so.

You are legally entitled to request details of the personal data which EY holds about you. If you would like to obtain confirmation as to whether or not your personal data is processed in the Tool or if you would like to access your personal data in the Tool, please contact us via

11. Rectification, erasure or restriction of processing

EY provides you with the ability to make sure your personal data is accurate and up to date. You can request rectification, erasure or restriction of processing of your personal data by sending an e-mail to We will use reasonable efforts to contact you regarding your request.

12. Complaints

If you are concerned about an alleged breach of privacy law or any other regulation by EY, you can contact EY’s Privacy Officer via email at An EY Privacy Officer will be made available to investigate your complaint and give you information about how it will be handled.

If you are not satisfied with the way in which EY has resolved your complaint, you have the right to complain to the data protection authority in your country. You may also refer the matter to a court of competent jurisdiction.

13. Contact us

If you have questions or you do not feel that your concerns have been addressed in this Privacy Notice, please contact your usual EY representative, or you can reach us via