Singapore – Multinational accounting firm Ernst & Young (EY) has recently announced its expanded partnership with IBM, with the goal of using the latter’s Apptio software. This initiative enables Apptio products to help to facilitate the firm’s corporate transactions, enhance enterprise agility and enable the future of cloud.
The EY organisation has also launched two new solutions, with another expected later this year, leveraging their extensive expertise in tax, corporate transactions, IT financial management, and cloud FinOps alongside Apptio’s powerful tools and insights. Together, this collaboration will assist customers effectively in managing through the complexities of enterprise technology spend.
The solutions further encompass the firm’s new agile planning and portfolio management that is designed to assist organisations in realising value from their IT investments and resources. Through the support from IBM, the firm has developed an integrated tooling, process, and governance solution to better plan, budget, deliver, and monitor strategic outcomes across products and portfolios.
Another significant release is the EY Cloud FinOps and Apptio Recommendation Engine that employs Apptio in cloud cost and operations management and can help clients right-size cloud investments, improve cost and operational transparency, and establish and track targets for sustainable consumption of cloud resources.
Lastly, the company has also announced the launch of an IT cost modelling for transactions, which is anticipated to launch in the fourth quarter of 2024. With this solution, EY’s market-leading services in strategy, transactions, and technology transformation will be merged with Apptio’s costing technology in a platform.
Said solution will model and manage transactions, transition services agreements, and post-transaction transformation programs for corporate separations, large-scale mergers, and private equity firms. The solution is expected to help reduce manual reporting efforts and improve visibility over large-scale transaction activities.
Anja Allen, Principal, technology consulting at Ernst & Young LLP, said, “The EY organisation and IBM have joined forces to find differentiated solutions to help our customers effectively manage through the complexities of enterprise technology spend.”
“The solutions developed through this collaboration are distinctive from both a service and product perspective. The EY organisation aims to enhance visibility into IT and cloud expenditure and streamline transaction modelling and analysis,” Allen further shared.
Henrik Nilsson, global VP of partner sales at Apptio, an IBM Company, also said, “Apptio’s innovations deliver technology business management and cost transparency. Collaborating with the EY organisation’s experience in strategy and transactions, FinOps, and cost excellence, these solutions can help clients seeking to get the most value from their enterprise spend.”
