Finance Data Appliance (FDA)
by EY Global
Value-added finance, tax and risk data analytics and insights for transformative growth
Solution overview
The EY organization’s Finance Data Appliance (FDA) solution is a Sarbanes-Oxley Act (SOX)-compliant, award-winning platform built on Microsoft Azure and deployable in EY or client infrastructure: It unifies data from multiple enterprise resource planning (ERP) systems, linking transactions to balances and helping deliver reusable, AI-ready insights across finance, tax, accounting, operations, and risk. It assists in accelerating automation and enabling out-of-the-box and custom AI solutions. Solution capabilities include:
· Multi-industry application through unified data model and analytical engine
· Plug-n-play accelerators for data harmonization and threading at the transactional grain
· Value-journey acceleration of five to ten times by solving the complexity of diverse enterprise data
· Pre-built analytical and AI capabilities for finance and operations
· Modern and loosely coupled architecture to tap into AI and generative AI (GenAI) advancements
· Measurable drive down cost per outcome by product standardization and data reusability
· Microsoft Alliance support through Azure, PowerBI and Copilot
Solution benefits
The FDA solution provides immediate value with more than 30 AI-infused outcomes across nine critical finance solution areas. FDA helps enable rapid deployment with industry-standard connections, a scalable framework and proven blueprints that reduce redundant decisions. It also empowers teams with conversational AI for instant answers from financial data and serves as a launchpad for building custom agents and agentic workflows – accelerating insight generation and AI execution across the finance function:
· Greater than 80% auto-reconciliation of accounts
· Greater than 96% cash forecasting accuracy
· Five to ten percent increased accuracy of driver-based forecasting
· Fifty percent effort reduction for audit preparation
· Ten percent savings from visibility into cross-business spend
· Launchpad for custom agents and agentic workflows
· Conversational AI for instant answers from financial data