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The EY organization today announces an expansion of its work with IBM to leverage software from Apptio, an IBM Company. EY strategy and consulting experience, used in concert with Apptio software, can help enable organizations to focus their resources on their strategic priorities at all levels of the organization. Two new solutions, with another expected later this year, bring together the EY organization’s deep industry experience across Tax, Corporate Transactions, IT Financial Management and Cloud FinOps with Apptio’s powerful tools and insights to help customers effectively manage through the complexities of enterprise technology spend. These new solutions include:
EY Agile Planning & Portfolio Management: To help organizations realize value from their IT investments and resources, the EY organization, with support from IBM, has developed an integrated tooling, process and governance solution to better plan, budget, deliver and monitor strategic outcomes across product and portfolios. With methodologies currently in use by banking and financial services industry clients, the solution can help unlock IT capacity and redirect resources to priority technology investments in cyber, artificial intelligence (AI) and other emerging technologies.
EY Cloud FinOps and Apptio Recommendation Engine: Worldwide end-user spending on public cloud services is forecasted to grow 20.4% to total $678.8 billion in 2024 according to Gartner, creating challenges from maintaining operational efficiency, managing spend with greater transparency and reducing human-error inaccuracies. A new EY solution leveraging Apptio in cloud cost and operations management together can help clients right-size cloud investments, improve cost and operational transparency, and establish and track targets for sustainable consumption of cloud resources.
IT cost modeling for transactions: Expected to launch in the fourth quarter of 2024, this solution will combine EY market-leading services in Strategy & Transactions, and Technology Transformation with Apptio Costing technology in a platform to 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, Ernst & Young LLP, says:
“The EY organization 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 organization aims to enhance visibility into IT and cloud expenditure and streamline transaction modeling and analysis.”
Henrik Nilsson, Global VP of Partner Sales, Apptio, an IBM Company, says:
“Apptio’s innovations deliver technology business management and cost transparency. Collaborating with the EY organization’s experience in Strategy & Transactions, FinOps and cost excellence, these solutions can help clients seeking to get the most value from their enterprise spend.”
For more information, visit here.
Terms and details of definitive agreements to establish the upcoming joint solution to be finalized. Statements regarding IBM’s future direction and intent are subject to change or withdrawal without notice, and represent goals and objectives only.
EY exists to build a better working world, helping to create long-term value for clients, people and society, as well as building 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.com/privacy. EY member firms do not practice law where prohibited by local laws. For more information about our organization, please visit ey.com.
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.
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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.