EY and SAP have been deepening its strategic partnership, delivering innovative cloud solutions leveraging RISE with SAP, SAP BTP, and SAP’s industry cloud portfolio.
Following last year’s multiple cloud-based product launches from SAP partner EY– including the EY Intelligent Delivery Platform for SAP and EY Accelerate for RISE with SAP– the multiyear recipient of SAP Pinnacle awards has announced another industry cloud innovation specifically designed for companies in the energy space. The new EY Energy Industry Cloud for SAP solutions harnesses the global consulting company’s deep expertise in the energy industry and the software enterprise giant’s industry cloud portfolio to help energy companies accelerate their transformation journey.
The latest EY cloud solution for the energy industry is anchored on the firm’s industry cloud innovations launched last June 2021 in partnership with SAP. Centred on four industries namely insurance, banking, life sciences and energy and resources sectors, EY teams collaborated with SAP last year to implement EY industry-specific IP and integrated technology solutions to address customers’ business challenges and disruptions as well as accelerate transformation while optimising time to value.
Specific to the challenges the energy industry is facing today, David Townshend, EY Global Energy SAP Offering Leader, commented:
“The energy industry is in transition, experiencing fundamental change, at pace.The rapid decline in renewable energy costs, widespread electrification, continual technological breakthroughs and sustainable policy developments are all driving this energy transition. These changes are putting pressure on traditional ways of doing business, requiring companies to transform their operating models, processes, IT and culture.”
EY and SAP Co-Innovating to Drive Transformation
Sharing how the consulting firm and the tech company work together today amidst the fast-evolving business landscape to drive cloud transformation, Stefan Krauss, SAP General Manager for Discrete Industries and Energy & Natural Resources, said:
“Especially in the current climate of significant disruptions and change, agile and innovative industry solutions in the cloud that help clients strengthen their core business processes and innovate for the future are key. Together with industry and market professionals from across EY teams, we are helping our clients become sustainable, resilient and intelligent enterprises that serve their customers better.”
In line with the two global companies’ commitment to deliver a value-led implementation to customers, EY Energy Industry Cloud for SAP solutions leverages SAP Business Technology Platform (SAP BTP) and EY’s industry knowledge in the energy sector. SAP BTP is a platform that offers organisations flexibility in their business transformation journey under one unified environment that merges data and analytics, artificial intelligence, application development, automation, and integration.
Here are some of the features and benefits of the latest EY Energy Industry Cloud for SAP solutions designed to deliver maximum growth and risk mitigation:
- Offers a clear transformation roadmap– from kick-off to post go-live
- Utilises the Intelligent Transformation Platform (ITP), part of the EY Accelerate suite of accelerators designed for RISE with SAP customers, to streamline and speed up system build and testing with automation to achieve a value-focused delivery.
- Offers a standard solution that encompasses energy value chain processes
- Drives engagement and builds trust among project stakeholders
- Leverages EY’s whole-of-business approach – including tax, cyber security, supply chain, and sustainability– to optimise business value
EY takes part in SAP’s premiere conference for customers and partners SAP Sapphire 2022 World Tour across nine cities namely Orlando, Mexico,The Hague, Madrid, Zurich, Beijing, Tokyo, Sao Paolo, and Munich.
