EY unveils new finance managed services
The service is designed to streamline functions across treasury and tax, human resources, payroll and finance operations, among others.
EY's new service integrates SAP S/4HANA Cloud with the organisation's extensive expertise in finance operations and industry knowledge.
The service is expected to support high-growth companies in creating value and building trust with stakeholders.
EY said the partnership with SAP is reinforced by its recent entry into the SAP PartnerEdge programme as a managed services provider with a 'Run' focus.
SAP Customer Services & Delivery executive board member Thomas Saueressig said: 'Through this collaboration with EY, we are excited to combine SAP's leading cloud suite, enriched with Business AI capabilities, and EY teams' deep domain and industry experience to help deliver better insights and drive better outcomes for customers.'
The new solution by EY is founded on state-of-the-art data infrastructure and is bolstered by a network of alliances.
The service is designed to aid rapid scalability, promote governance and insight for automation, and reduce the burden of technology investment.
EY Growth and Innovation global managing partner Raj Sharma said: 'The world's most innovative companies with bold growth and transformation plans are often weighed down by non-core tasks, diverting valuable executive time and resources.
'Well-structured enterprise functions are critical to scaling and sustaining success, but without the right support, it can become a distraction from the strategic priorities that drive real value. The Integrated Finance Managed Services solution can provide companies with a new model, helping businesses operate more efficiently and enabling leaders to focus on what matters most.'
In April 2025, Ernst & Young US appointed Martin Fiore as the Americas vice-chair of tax, effective 1 July.
"EY unveils new finance managed services" was originally created and published by International Accounting Bulletin, a GlobalData owned brand.
The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
CBS News
a minute ago
- CBS News
Billy Joel closing Long Island motorcycle shop 20th Century Cycles
Billy Joel will be closing 20th Century Cycles, his popular motorcycle shop on Long Island. For the past 15 years, the Oyster Bay shop has showcased the singer's private collection of expensive and rare motorcycles, which he spent decades gathering. Shortly after its grand opening, Joel shared a video about why he wanted to give the community an inside look. "People don't get to see all these kinds of bikes all together in one place," he said. "I actually grew up not far from here, and I'd like to get a little interest going into the town." The closure comes as Joel, 76, is in the middle of selling his Oyster Bay estate and relocating to Florida after being diagnosed with a brain condition. Locals are disappointed the shop is closing down. "It's always cool to sometimes see him coming in or out," Oyster Bay resident Alice Balducci said. "This is one of the prime things to do in Oyster Bay, is to see the motorcycles," resident Stephen Sprachman said. Maalika Mehta remembers meeting Joel at the shop back in 2018 when she was 8 or 9 years old. "He was such a sweet person to talk to," she said. In 2023, a part of the road the shop sits on was named Billy Joel Way. Town Supervisor Joseph Saladino says that won't change even after the shop closes. "While we may be losing this motorcycle museum, we're not losing our love," he said. The shop will remain open on weekends only through the end of August as motorcycle parts are sold off. There's no word yet on when the store will be closing its doors for good, or what will be replacing it.
New York Times
a minute ago
- New York Times
After Fatal Explosion, Focus Turns to Steel Mill's Future and Past
A day after an explosion killed two workers at a U.S. Steel plant, age-old questions were raised on Tuesday about the safety of the inherently dirty and dangerous business that has defined the Pittsburgh region for more than a century. Officials expressed relief that the air showed no discernible traces of sulfur oxide, which can hamper breathing, and they promised a full accounting of what happened when a routine Monday morning at the Clairton Coke Works was shattered by a gas explosion in two battery ovens. One of the dead is Timothy Quinn, 39, a second-generation steelworker and father of three who was described as a leader with a wry sense of humor. The other worker who was killed has not been publicly identified at the family's request. Ten other people were injured in the explosion. 'We owe them an answer for what happened,' Gov. Josh Shapiro said at a news conference on a scorching Tuesday afternoon after meeting with the loved ones of the steelworkers who died. 'We owe them the answers to their questions, and we owe them to never forget the sacrifices that occurred here yesterday.' The mill is one of three plants that are part of the recent $15 billion merger between U.S. Steel and the Japanese company Nippon Steel. The Biden administration had blocked the deal, but the Trump administration approved it in June. The merger was hailed as a victory for the region as Nippon pledged to pump $2 billion into the mill, which sits along the Monongahela River about 15 miles south of Pittsburgh. But Monday's explosion brought to the fore the troubled safety history at the mill, where coal is converted through heat into coke that later is melted into liquid steel. Want all of The Times? Subscribe.
Yahoo
29 minutes ago
- Yahoo
Kodak warns it might not continue in business. Here's why.
Kodak is warning that its future in business is looking very blurry. The iconic 133-year-old business cautioned Monday that there's "substantial doubt" about its ability to continue as a going concern because it might not have the financial resources to meet its future debt obligations, according to an Aug. 11 regulatory filing. A so-called going concern warning is an accounting term that signals a risk that a business might cease operations. Shares of Kodak plunged $1.73, or 26%, to $5.05 in Tuesday morning trading. Reached for comment, a Kodak spokesperson pointed to the statement in its regulatory filing. The warning is the latest development in the photography company's storied history, which includes introducing one of the first consumer cameras in the 1880s and mass manufacturing film rolls for hobbyists and professionals alike. But Kodak struggled to adapt when digital cameras overtook film starting in the 1990s, leading to a bankruptcy filing in 2012. Its current financial crunch is tied to almost $500 million in short-term debt obligations, as well as more than $200 million in pension liabilities. Last year, Kodak had said it would end its pension plan in order to reduce debt, according to the Wall Street Journal. Kodak should have "a clear understanding by Aug.15 of how we will satisfy our obligations to all plan participants," Chief Financial Officer David Bullwinkle said in a statement, referring to the pension plan. A Kodak moment Rochester, New York-based Eastman Kodak, founded by inventor George Eastman in 1892, mass produced the famed Brownie and Instamatic cameras, popularizing photography as a pastime for generations of Americans. Its yellow-and-red film boxes were ubiquitous in photo shops and other retailers. Eastman said his goal was "to make the camera as convenient as the pencil," according to the Kodak website. But Kodak faced competition from Japanese companies, including Fujifilm in the 1990s, as well as the shift to digital technology, leading to its filing for bankruptcy protection in 2012. The company wound up selling off many of its businesses and patents, while shutting down the camera manufacturing unit that first made it famous. It received approval for its plan to emerge from court oversight a year later. At the time, Kodak was looking to recreate itself as a new, much smaller company focused on commercial and packaging printing. Kodak is now nearing completion on a manufacturing plant to create regulated pharmaceutical products. The company already makes unregulated key starting materials for pharmaceuticals. Production at the retrofitted facility is expected to start later this year. President Trump says meeting with Russia's Putin is not to broker peace deal in Ukraine Trump says he's placing D.C. police under federal control, deploying National Guard Could Tropical Storm Erin become the first Atlantic hurricane of 2025?
