#Japan #Tokyo #EY #SAP S/4HANA #Integrated Finance

Evolution of Enterprise Operations with EY

EY has officially launched its new solution, the Integrated Finance Managed Service (IFMS), aimed at aiding businesses in their enterprise transformations. Utilizing extensive experience and capabilities in finance and operations, this service marks a significant step for organizations eager to adapt and thrive in today’s rapidly evolving market.

What is Integrated Finance Managed Service?

Integrated Finance Managed Service is an end-to-end solution that leverages SAP S/4HANA® Cloud for various functions within a company, including Human Resources, Payroll, Finance Operations, Financial Controller duties, Financial Planning, Analysis, Tax management, and Application Management. This consolidates numerous critical business processes under one umbrella, allowing companies to streamline operations and reduce overhead.

Importance of Expertise

With decades of expertise assisting fast-growing companies, EY brings a wealth of knowledge to help them build investor confidence and navigate regulatory environments. The Integrated Finance Managed Service combines EY’s proven track record with the robust capabilities of SAP’s cloud technology, facilitating strategic objectives for clients.

Partnership with SAP

As a participant in SAP’s PartnerEdge Run Track program, EY maintains a strong collaborative relationship with SAP. This collaboration ensures that clients can quickly bolster their capabilities to achieve operational and strategic goals, driven by advanced technology and concise data infrastructure.

Key Features of the Integrated Finance Managed Service

1. Scalability and Agility: Clients experience rapid scalability and the flexibility to adapt to transformational growth.
2. Enhanced Automation: The service promotes automation, governance, and insight acquisition essential for efficacy improvement.
3. Cost Management: By easing the financial burdens of maintaining cutting-edge technology, organizations can allocate resources to innovation and growth.

Real-World Application: IntraBio

A prime case demonstrating the effectiveness of the Integrated Finance Managed Service is its utilization by IntraBio, a company focused on revolutionary drug development. By outsourcing finance, HR, and accounting processes to EY, IntraBio could remain focused on its core mission: delivering innovative therapies to patients in need.

This strategic partnership yielded a tremendous success. On September 24, 2024, IntraBio received FDA approval for its first product, AQNEURSA, a groundbreaking treatment for Niemann-Pick disease type C. This success underscores the potential of leveraging managed services to free up resources for core business objectives.

Expert Insights

Raj Sharma, EY's Global Managing Partner for Growth & Innovation, emphasizes the need for companies pursuing ambitious transformation to focus on their core operations rather than getting bogged down by non-core tasks. He states, "The Integrated Finance Managed Service solution provides companies with a new model, allowing leaders to concentrate on the most important priorities. We believe this service will fundamentally change how clients approach corporate functions."

Thomas Saueressig, Executive Board Member of SAP, highlights the significance of their partnership, stating that combining EY’s deep industry expertise with SAP’s advanced cloud suite facilitates greater insights and results for clients.

Conclusion

With the launch of Integrated Finance Managed Service, EY is set to make waves in the landscape of corporate operations and financial management. By integrating powerful cloud technology with industry knowledge, EY provides organizations with a strategic avenue to not only adapt but to thrive in an increasingly competitive marketplace. To learn more about EY's service offerings and the partnership with SAP, visit EY Japan partner ecosystem and SAP implementation support.

For more information on EY's consulting services, visit EY Consulting.