Digital in Accounting and Reporting

Our accounting and reporting solutions are underpinned by state-of-the-art digital enablers, such as EY DigiFAAS, EY LAN (Lease Accounting Navigator) and EY Policy Sphere, to significantly enhance the efficiencies of finance and accounting teams and ensure better compliance.

  • DigiFAAS

DigiFAAS is a comprehensive financial reporting, analytics, governance, risk and compliance, and process optimization solution. It is enabled with Artificial Intelligence (AI) technology to help the chief financial officers (CFOs) and the C-suite convert data, residing in their ERPs and other finance systems, into meaningful information and actionable insights.

The solution includes modules such as Comprehensive Financial Reporting (CFR) preparing annual report, consolidated and standalone financial statements, process manuals and standard operating procedures (SOPs), process tests, management information system (MIS), forecasts and projections, factsheets, key performance indicators (KPIs) and other value adds.

DigiFAAS CFR automates and simplifies the process of preparing financial statements and annual reports through intuitive workflows and well-defined templates. The solution utilizes standard chart of accounts, structured mapping as well as notes and inbuilt disclosures to drive standardization, speed and quality. This enables consistent and repetitive preparation of standalone and consolidated financial statements and other reports over multiple versions and reporting periods.


  • EY LAN (Lease Accounting Navigator)

EY LAN (Lease Accounting Navigator) is a web-based tool that supports lessees navigate the lease accounting change journey. LAN provides a guided evaluation of the new lease standards for both International Financial Reporting Standards (IFRS) and US Generally Accepted Accounting Principles (GAAP) in order to evaluate the implications of financial statement at transition and beyond. It ensures completeness of analysis and quantification under the new standard.

EY LAN provides a specific technical guidance without having to search for the relevant literature. It has a robust workflow and skip logic and supports lease modification accounting. The tool offers detailed dashboards that help in real-time monitoring of project status, and has reporting capabilities covering balance sheet, profit and loss statements and disclosures. The tool can be hosted on client premises or on the EY Cloud - EY Microsoft Azure Hosting (preferred option).

  • EY Policy Sphere/Governance Wiki

Policies and procedure (P&P) documents, and their overarching governance, invite challenge for public and private companies. Both Indian as well as global organizations face difficulties to assess, revise, deploy and govern these critical corporate governance documents. Technology can improve their effectiveness and efficiency and can create value. EY Policy Sphere is a web-based SharePoint tool that can serve as a multi-dimensional central repository for policies, procedures, desk instructions, training, governance and approval workflows, and other related documents. 

Our latest thinking

Year-end considerations FY 2023-24: navigating the evolving accounting landscape

EY outlines the year-end accounting and financial reporting considerations for FY 24. Read more about the updates in financial reporting standards and accounting pronouncements disclosure 2024.

How entities in the financial services sector can plan their year-end closure in 2024

Discover how critical updates on the financial services sector can help finance leaders while finalizing the financial statements for the year ending FY 2024.

How Alternative Investment Funds can transform its back-office for competitiveness and growth

Discover how AIFs need to leverage automation to leapfrog their growth journey in line with the macro-economic growth. Learn more about AIFs.

Year-end considerations for 2023: what organizations need to know

EY outlines the year-end accounting and financial reporting considerations for FY 23. Read more about the updates in financial reporting standards and accounting pronouncements disclosure 2023

How entities in the financial services sector can plan their year-end closure

EY outlines the year-end accounting and financial reporting considerations for the financial services sector FY 23. Read more about the updates in financial services for year-end closure.

How banks and their GCCs can remediate regulatory reporting shortfalls?

Discover how banks have their regulatory reporting production managed by their Global Capability Centres (GCCs) in India. Learn more about the regulatory reporting framework.

    Our Digital in Financial Reporting and Accounting team



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