EY announces alliance with SAP Fioneer to help deliver broad and large-scale financial transformations

• Develops insurance and banking industry cloud solutions
• Offers detailed financial transformations that include managed services
• Shares information on future projects, services and implementation and transformation strategies 

The EY organization today announces an alliance between SAP Fioneer, a world-class software solution provider for financial services, and EY ifb SE to help facilitate software selection, business transformation, training and change management in the financial services industry.

With new tech-enabled market entrants to the financial services industry, the need to roll out large-scale financial transformations in the next decade is expected to increase. In addition, the modernization of finance functions continues to impact customers and clients. The EY–SAP Fioneer Alliance will help develop flexible commercial business models and industry-specific cloud solutions like the EY organization’s global insurance industry cloud initiative.

The EY–SAP Fioneer Alliance focuses on banking and insurance solutions and offerings for the CFO in areas such as financial products subledger, financial control, insurance collections and disbursements and sustainability solutions.    

Daniel Ruschmeier, EY–SAP Fioneer Alliance Leader at EY ifb SE, says:

“Through the EY–SAP Fioneer Alliance, EY teams are positioned to continue help strengthen the financial landscape through market finance transformations and industry cloud solutions. Furthermore, the established working relationships between SAP Fioneer’s global team and EY teams serve as a catalyst in the Alliance’s focus on joint solutions, implementations and engagements.”   

Christian Jaeger, SAP Fioneer Global Partner Management, says:

“Collaborations are a key component of SAP Fioneer’s DNA, and the EY-SAP Fioneer Alliance builds on years of successful work together on joint customer projects. We are committed to working closely with EY teams to bring about sustainable and impactful change in the financial services industry.”

For more information, visit ey.com/alliances.

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About EY

EY exists to build a better working world, helping to create long-term value for clients, people and society and build trust in the capital markets.

Enabled by data and technology, diverse EY teams in over 150 countries provide trust through assurance and help clients grow, transform and operate.

Working across assurance, consulting, law, strategy, tax and transactions, EY teams ask better questions to find new answers for the complex issues facing our world today.

EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients. Information about how EY collects and uses personal data and a description of the rights individuals have under data protection legislation are available via ey.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.

This news release has been issued by EYGM Limited, a member of the global EY organization that also does not provide any services to clients.

About SAP Fioneer

SAP Fioneer was launched in 2021 as a joint venture between global technology leader SAP and entrepreneurial investor Dediq to become the world’s leading provider of financial services software solutions and platforms.  With a broad ecosystem of partners, over 800 financial services customers and more than 1,000 employees, SAP Fioneer is a global business present in 17 countries across Europe, North and Latin America, Middle East and Asia-Pacific.

By combining the speed and agility of a start-up with the proven capabilities of a best-in-class software company, SAP Fioneer enables banks, insurance companies and challengers to run, transform and grow while meeting their need for speed, scalability, and cost-efficiency through digital business innovation, cloud technology, and solutions that cover banking and insurance processes end-to-end.