EY helps clients create long-term value for all stakeholders. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate.
At EY, our purpose is building a better working world. The insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets.
The Finance Data Transformation solution helps organizations drive consistent, enterprise-wide data definitions, usage and governance models through integration of a finance data office at the center of the finance function.
Finance leaders are turning to data to drive finance transformation and to deliver more value throughout the business. They are asking themselves:
How do we reduce unnecessary complexity in our global finance operations?
How do we cut time and cost in data reconciliation between systems?
How do we develop capabilities in AI, advanced analytics and blockchain?
How do we adhere to data privacy, security and ethical AI measures?
How do we align on a single definition of our finance metrics?
How do we eliminate multiple versions of truth?
Solution features and functionality
The Finance Data Transformation solution places the finance data office at the center of the finance function. This shifts the CFO from being chief of an operational cost center toward becoming a chief value officer.
The EY Finance Data Appliance is a leading-edge technology that combines AI and GenAI capabilities with finance data infrastructure, serving as an advanced data management tool specifically designed for finance departments. It provides a broad, detailed platform for data ingestion, data quality and robust, seamless analytics.
Robust data quality and governance
AI-enabled data management and integration
Detailed performance overview
GenAI-enabled data transformation
Predictive, actionable insights
Touchless processes with streamlined process automation
EY teams help organizations build a cloud-based solution that uses AI techniques to automate the process of collecting and importing large volumes of data from various sources.
Sourcing capabilities:
ERP data
Third-party data
Unstructured data
Streaming data
Cloud services
Financial system data
EY teams offer a service that combines AI technology with mapping capabilities to provide high-quality data.
Data quality capabilities:
Data profiling
Data quality dashboard
Issue management and remediation
Data mapping:
Common data environment
Hierarchies rationalization
List of values
Data mapping and harmonization
EY teams help build a cloud-based solution that leverages AI technologies to improve and automate the management and governance of master data.
Accelerators
Common data environment relationship and mapping
Intelligence based on platform
Hierarchies rationalization
List of values
EY teams use data mapping and segmentation, involving the process of organizing and categorizing financial data into meaningful and manageable groups, allowing for better analysis.
EY.ai
The EY suite of finance solutions is backed by EY.ai — a unifying platform that seamlessly connects AI capabilities.
The Finance Data Transformation solution sits within a connected suite of EY finance solutions that supports the full agenda of the CFO. EY teams have over 11,000 professionals dedicated to finance and global business services (GBS) transformation.
Alliance relationships
EY alliance and ecosystem relationships allow organizations to put powerful technology at the core of their transformation to a future-ready, agile finance function. Finance Data Transformation solution utilizes Blackline, Microsoft, SAP and ServiceNow to build transformative finance functions.
Leaders that put humans at the center to navigate turning points are 12 times more likely to significantly improve transformation performance. Learn More.
In this episode of The Better Finance podcast, Deirdre Ryan and Andrea Gronenthal discuss key findings of the EY Global DNA of the CFO survey. Listen now.
22m 34s
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