EY launches cloud-based offering for SAP® software environments that help businesses monitor risks
London, 16 March 2017
- The EY Business Integrity Platform ( BIP) supports organizations running systems on SAP software to rapidly obtain continuous risk-monitoring capabilities
- BIP leverages EY’s extensive industry-specific risk and controls experience using industry-leading SAP Cloud Platform
EY announces the global availability of its Business Integrity Platform (BIP), an offering built on SAP® Cloud Platform that enterprises can use to help manage risk on their systems running the SAP ERP application. SAP Cloud Platform is a leading enterprise platform-as-a-service with comprehensive application development services and capabilities. The EY BIP is an extension of EY’s Agile Business – Finance Transformation service designed to help clients digitally transform finance departments and chief financial officers’ functions.
While many organizations have technology in place to monitor risk in their business environment they are constrained due to the heavy capital, time and resource requirements to properly monitor risk. According to the EY report There’s no reward without risk: GRC survey 2015, leading organizations regularly prepare scorecards and dashboards that include key indicators to monitor risks. However, only 46% of respondents utilize an integrated governance, risk and compliance (GRC) technology to get this risk visibility. The EY BIP provides organizations with advanced tools to examine their SAP software-enabled business and IT processes and rapidly identify potential risk and control issues.
Matt Polak, EY Global Risk Transformation Leader, Advisory Services, says:
“Today, along with the complexity of business systems, the demand for more comprehensive and actionable GRC information continues to increase. As a result, managing risk in silos across different functions, processes and infrastructure is no longer adequate. At EY, we strive to be at the vanguard of technology-enabled differentiation and help clients improve the value of their technology investments. The EY BIP offering supports real-time monitoring of risks, saving valuable resources while helping to increase the value of the information generated by the SAP software.”
Ben Zimmerman, Principal, SAP Risk Advisory Practice, Ernst & Young LLP, says:
“This service, made possible through our alliance with SAP, is a glimpse of what strong alliances can bring to address specific gaps in the marketplace. The combination of SAP’s strengths as a technology platform provider with EY’s risk and controls heritage, helps us accelerate the implementation of EY Business Integrity Platforms from many months to weeks. This is critical, given the pressure that organizations are under to achieve value and a quick return on investment as well as the challenges they face in managing their business risks.”
The EY BIP is composed of the following complementary offerings:
- Risk Analytics – Rapidly supports continuous monitoring of key risk indicators across an organization’s business, IT and compliance processes. This offering runs on SAP Cloud Platform and comes predefined with content from EY’s Key risk indicators library, which provides in-depth data analytics capabilities to pinpoint issues identified.
- Rapid Deployment of GRC services – Supports rapid deployment of SAP GRC services on SAP Cloud Platform, with EY’s pre-delivered, segregation of duties rule sets and controls library. This pre-packaged EY content can be tailored to an organization’s environment, and allows immediate monitoring of key segregation of duties and application controls.
These offerings are further defined by the following key features:
- Cloud-based Computing – Allows a subscription-based, managed service model delivered through the cloud and reduces need to invest in infrastructure.
- EY’s Intellectual Property – Leverages EY’s extensive GRC experience across many sectors and companies and embeds leading practices into the platform.
- Rapid Deployment – Reduces resource drain on the organization to implement advanced risk-monitoring capabilities and accelerates value realization.
Kevin McCollom, Global Vice President and General Manager for SAP GRC Solutions, says:
“Our ongoing alliance with EY has produced great synergies, and we continue to be optimistic about the future innovation coming from the alliance. EY BIP is a critical tool that builds on the enhanced capabilities of SAP Cloud Platform, specifically the improved application server technology and development tools. It is designed to help firms better realize the benefits of running an enterprise-wide infrastructure on SAP software.”
The EY Business Integrity Platform will be available for demo at the SAPinsider GRC Conference in March 21-24, 2017 in Las Vegas and at the SAPPHIRE NOW® conference in Orlando on May 16-18, 2017.
Notes to Editors
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