Latest news with #RajSharma
Techday NZ
12-05-2025
- Business
- Techday NZ
EY & SAP launch integrated finance service to drive growth
EY has announced the launch of a new Integrated Finance Managed Service solution in collaboration with SAP, aimed at helping organisations accelerate their enterprise transformation. The service model operates using SAP's cloud solutions and covers multiple core business functions, including human resources, payroll, finance operations, controllership, financial planning and analysis, treasury, tax, and application management. EY's offering incorporates SAP S/4HANA Cloud together with EY's domain and industry experience. According to the company, the solution is designed to help high-growth businesses create value and bolster relationships with investors, regulators, and clients. EY has become a managed services provider with a "Run" focus as part of the SAP PartnerEdge programme. Through this ongoing collaboration with SAP, EY intends to help clients more rapidly achieve both strategic and operational goals. The Integrated Finance Managed Services model is built on a robust data infrastructure and utilises an ecosystem of alliances. It is intended to provide rapid scalability and agility, as well as flexibility and resilience to support organisations as they transform and grow. The model also aims to promote improved governance and enhanced efficiency through automation, while relieving businesses of the burden of building, maintaining, and financing advanced technology, with the aim of freeing up capital for future innovation initiatives. One of the early adopters is IntraBio, which used Integrated Finance Managed Services as part of its efforts to realign financial, human resources, and accounting processes around its core goal of developing and commercialising new products. By outsourcing finance processes, IntraBio was able to maintain its focus on bringing drugs to patients in need. This approach supported IntraBio's successful launch of AQNEURSA, a treatment for Niemann-Pick Disease Type C, following its approval by the U.S. Food and Drug Administration in 2024. Marie-Laure Delarue, EY Global Vice Chair - Assurance, commented: "Businesses and their finance functions face intense challenges at the best of times, as they strive for growth in hugely competitive markets. In today's volatile economic and geopolitical climate, these challenges have only intensified." "Through Integrated Finance Managed Services, we're able to lift some of the burden that so often hinders business transformation efforts, meaning they can turn their attention to the real drivers of success. As IntraBio's story clearly shows, companies that can redirect their time and energy toward their priorities can reap incredible rewards in terms of innovation, product development, and ultimately their competitive edge." In addressing the operational considerations faced by businesses, Raj Sharma, EY Global Managing Partner - Growth and Innovation, 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. We believe this solution can fundamentally change how clients think about their enterprise functions." Thomas Saueressig, Member of the Executive Board of SAP SE, Customer Services & Delivery, added: "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." EY's solution is positioned as an option for organisations seeking to shift focus from operational management to strategic business objectives, responding to increasing pressure in finance and other business-critical domains in the current economic and regulatory environment.
Yahoo
10-05-2025
- Business
- Yahoo
EY unveils new finance managed services
Accounting giant EY has launched Integrated Finance Managed Services, a solution designed to expedite enterprise transformation by leveraging SAP S/4HANA Cloud. 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. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
09-05-2025
- Business
- Yahoo
EY unveils new finance managed services
Accounting giant EY has launched Integrated Finance Managed Services, a solution designed to expedite enterprise transformation by leveraging SAP S/4HANA Cloud. 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.
Yahoo
08-05-2025
- Business
- Yahoo
EY launches new solution to evolve and accelerate enterprise operations with SAP S/4HANA® Cloud
Accesses deep domain experience and capabilities from EY to help transform critical functions across the entire enterprise. Delivers an EY managed service solution embedded with AI capabilities, as well as advanced cloud technology from SAP, to provide a state-of-the-art data infrastructure. Equips high-growth businesses with the freedom to focus on confident compliance and cost certainty. LONDON, May 8, 2025 /PRNewswire/ -- The EY organization today announced the launch of a new Integrated Finance Managed Service solution, to help organizations accelerate their enterprise transformation. The end-to-end service model, one of the first of its kind, will operate using leading cloud solutions from SAP across functions for human resources, payroll, finance operations, controllership, financial planning and analysis, treasury and tax, including application management. The solution brings together SAP S/4HANA Cloud with the EY organization's deep domain and industry experience across the wider suite of finance operations, as well as its decades-long track record of helping high-growth companies create value, and enhance trust with investors, regulators and clients. The EY organization has also joined the SAP PartnerEdge program with a "Run" focus as a managed services provider and will continue to help clients fast-track the ability to meet strategic and operational goals through this collaboration with SAP. Integrated Finance Managed Services is built on a solid data foundation and infrastructure and supported by an ecosystem of alliances to: Enable rapid scalability and deliver the agility, flexibility and resilience to support transformation and growth. Promote the governance, flows and insight required for automation and enhanced efficiency. Help reduce the burden of building, maintaining and financing cutting-edge technology, freeing up capital to help unlock innovation. One example is IntraBio Inc., a landmark client that has leveraged Integrated Finance Managed Services to realign its financial, human resources, and accounting processes toward its central strategic goal of developing and commercializing life-changing products. By taking over finance processes, EY teams enabled IntraBio to stay focused on its core mission of bringing drugs to high-need patients. The company's ambition became reality on Sept. 24, 2024, when the U.S. Food and Drug Administration approved its first product, AQNEURSA, a revolutionary treatment for Niemann-Pick Disease Type C, which has now been successfully launched on the US market. Raj Sharma, EY Global Managing Partner – Growth and Innovation, says: "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. We believe this solution can fundamentally change how clients think about their enterprise functions." Thomas Saueressig, Member of the Executive Board of SAP SE, Customer Services & Delivery, says: "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." For more information visit and SAP and other SAP products and services mentioned herein as well as their respective logos are trademarks or registered trademarks of SAP SE in Germany and other countries. Please see for additional trademark information and notices. All other product and service names mentioned are the trademarks of their respective companies. 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 member firms do not practice law where prohibited by local laws. For more information about our organization, please visit 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. View original content to download multimedia: SOURCE EYGS LLP Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
21-03-2025
- Business
- Yahoo
EY and NVIDIA expand partnership to deploy AI agents
Accounting and consulting firm EY has expanded collaboration with NVIDIA to develop and deploy the Agentic Platform, leveraging the full NVIDIA AI stack. The initiative aims to enable real-time event response, adapt to regulatory changes, and support smarter financial and risk decision-making. The Agentic Platform, built on NVIDIA AI Enterprise and the new AI-Q Blueprint, AI-Q, will integrate NVIDIA's private AI reasoning models with human expertise. This hybrid approach is aimed at boosting productivity through the use of AI agents. Key components of the platform include the EY Responsible AI Frameworks, Agentic Framework, Model Catalog, Model Development Suite, Deploy Anywhere capability, and Domain and Sector AI Agent Solutions. The initial rollout will integrate 150 AI agents to assist 80,000 EY professionals, enabling the completion of more than three million tax compliance tasks and streamlining 30 million tax processes each year, EY said. The platform will assist tax professionals in tasks such as data collection, document analysis, and tax compliance for both income and indirect taxes. The deployment will commence with core business areas, with plans to extend into tailored AI agent solutions for various sectors, including life sciences, manufacturing, and financial services. This initiative builds on previous collaborations between EY and NVIDIA, including AI solutions for the telecommunications sector. Furthermore, risk agents will work alongside risk professionals to introduce new AI-native services. One such service, a third-party risk management agent, will assist clients in managing risk more comprehensively while significantly increasing productivity. EY Growth and Innovation global managing partner Raj Sharma: 'Agentic AI is fundamentally transforming business operations through automation and streamlined processes. This expanded alliance with NVIDIA will help EY clients capitalise on the opportunities through curated insights across tax, risk and finance. 'Having actionable insights powered by AI technology will impact whether businesses succeed or fall behind in this industry and our goal is to provide clients with the necessary tools and strategies to navigate the new AI era effectively.' In February 2025, EY US teamed up with Zscaler to counter hurdles linked to network architecture through cloud-delivered services. "EY and NVIDIA expand partnership to deploy AI agents" 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. Sign in to access your portfolio
