Microsoft and EY collaborate to create a US$15 billion opportunity over the next five years

Microsoft and EY, formerly known as Ernst - Young Global, have expanded their relationship, aiming to create long-term value with an incremental US$15 billion growth opportunity over the next five years.

EY says the strengthened collaboration will launch new solutions and platforms to help organisations use digital transformation to address business and societal challenges at scale.

The relationship concentrates on key regulated sectors such as financial services, energy, health, government and manufacturing.

EY teams will extend the operation of the EY Microsoft Services Group to provide clients with access to over 40,000 experienced EY technology consulting professionals to meet changing demands. While Microsoft will work with EY teams to train more than 150,000 EY professionals on Microsoft technologies and is dedicating engineering talent to accelerate the development of key solutions over the next five years.

"The EY and Microsoft relationship is deepening as we help people around the world and support clients to do more with their data in areas previously underserved by technology, such as tax and finance," says EY global managing partner, client service, Andy Baldwin.

"We're building on our collaborative success in multiple domains to help businesses and governments save costs, monetise data, realise long-term value and create agility.

"With this significant expansion of our relationship, we'll leverage Azure, Power Platform and combined EY and Microsoft engineering capabilities to support organisations and businesses to modernise back office operations, leverage the cloud, and accelerate transformations with new Microsoft-enabled solutions and platforms," he says.

Microsoft executive VP and chief commercial officer Judson Althoff believes today's announcement is the next step in Microsoft's long-standing relationship with EY.

"It means we'll be able to provide greater overall technical expertise for our customers' cloud strategies through new solutions and platforms," he says.

"In addition, our collaboration will enable customers in regulated industries to bring the power of the cloud to their back-office operations, fundamentally changing how they harness data to drive critical business functions."

EY says its teams can help companies transform their businesses digitally without making their own infrastructure investments by leveraging the combination of both Microsoft Power Platform and Azure. And it says EY professionals can now help clients with one of the largest enterprise deployments of Microsoft Power Platform.

The two companies are also in the process of collaboratively developing the EY Trusted Data Fabric, an enterprise data offering to automate the processing and adoption of data and provide access to data with AI-powered data management capabilities across multiple EY platforms.

The collaboration will integrate EY Financial Crime Platform, and EY Comply into the Microsoft Cloud for Financial Services solutions.