EY Teams Reinvent Global Finance Process with Microsoft Power Platform Reducing Lead Times by 95%
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⇨ As part of its digital transformation initiative to enhance operational efficiency, the EY Global Finance team recently took on the challenge of revamping their General Ledger (GL) posting process.
⇨ The previous process was prone to errors due to the data transfer steps between different applications and varied significantly from country to country. The legacy third-party tool also incurred substantial licensing, platform and maintenance fees, limiting user adoption due to cost constraints.
⇨ In response to these challenges, EY Global Finance team members developed PowerPost, an automated solution designed to integrate seamlessly with the existing SAP ERP system.
The EY organization, which works with more than 200,000 clients in 150 countries, has significantly advanced its financial operations by implementing PowerPost, a solution built on Microsoft Power Platform, which has revolutionized the General Ledger (GL) posting process. This innovative solution, which is seamlessly integrated with the EY SAP ERP system, enables direct data entry and has led to a staggering 95% reduction in lead times. PowerPost has not only improved the efficiency and accuracy of document postings for over 2,500 global finance professionals, but has also resulted in significant cost savings on licensing, platform, maintenance, and transactional costs.
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