EY announces alliance with Appian to bring people, technology and data together to unlock maximum customer value

Rhea-AI Summary

The EY organization announced a strategic alliance with Appian (Nasdaq: APPN) on January 24, 2023, to enhance digital transformation for clients in the financial services sector. This partnership focuses on integrating intelligent automation and process mining to improve customer experience, optimize costs, and streamline risk management. The alliance offers a comprehensive suite of hyper-automation tools applicable across various enterprise functions, aiming to significantly reduce project delivery timelines. Both firms emphasize their combined expertise to help organizations shift from manual processes to more efficient digital workflows, driving innovation and operational excellence.

Positive

• Strategic alliance with EY enhances Appian's capabilities in digital transformation.
• Focus on financial services sector opens new market opportunities.
• Access to a comprehensive suite of hyper-automation tools.
• Partnership aims to reduce project delivery timelines, improving operational efficiency.

Negative

• None.

• Provides platforms and solutions with the potential to help maximize resources and improve business results, with focus on financial services
• Helps improve customer experience and achieve operational excellence
• Supports simplifying risk management and regulation compliance for businesses

LONDON, Jan. 24, 2023 /PRNewswire/ -- The EY organization today announces a strategic alliance between Appian (Nasdaq: APPN), a recognized leader in low-code process automation, and Ernst & Young LLP (EY US) to support clients on digital transformation initiatives using the next wave of intelligent automation and process mining.

The EY−Appian Alliance can help organizations within the financial services industry adapt and respond to the rapidly evolving business environment by bringing together an ecosystem of hyper-automation tools and implementation capabilities.

As organizations move from manual to straight-through processing, their concerns may revolve around customer experience, cost optimization and risk mitigation. Appian is positioned at the intersection of process automation and optimization, and its low-code features allow users to embark on a smart automation journey while significantly reducing delivery timelines.

The EY–Appian Alliance is applicable to support all functions across the enterprise, such as product innovation, distribution and sales optimization, customer service modernization, finance and risk transformation, enterprise protection and enterprise IT transformation.

Appian helps organizations unleash digital innovation, drive business efficiency and connect customers and employees in end-to-end business processes with a low-code automation platform. It also provides a unified platform for rapidly designing new digital software solutions, automating existing tasks and optimizing business operations. The platform further helps organizations reduce maintenance costs and gain superior functionality compared to what can be achieved through traditional software development.

EY US teams have extensive experience in advising organizations on initiatives around growth, transformation, improvement and protection. Through the EY−Appian Alliance, clients now have access to broad transformation capabilities to improve and automate workflows leveraging intelligent business process management, digital process automation and low-code application development.

George Kaczmarskyj, Financial Services Automation Leader, Ernst & Young LLP, says:

"The COVID-19 pandemic disrupted the business models of organizations like never before and accelerated the need for digital transformation. For organizations traversing this path, the EY–Appian Alliance offers technology, tools and implementation support for a seamless digital shift. Business users can leverage these capabilities to limit their reliance on manual tasks, assemble new processes and help optimize application development to accelerate service delivery for all functions across the enterprise and increase customer satisfaction."

Christopher Jones, Chief Revenue Officer, Appian, says:

"Responding rapidly to changes in business conditions is at the heart of competitive differentiation. This is difficult in the post-COVID-19 world where people, processes, systems and data are more dispersed than ever. Appian unifies the technologies needed to drive change in a single platform, and EY US provides the proven guidance that helps maximize success."

For more information, visit ey.com/alliances.

Notes to editors

About EY

EY exists to build a better working world, helping to create long-term value for clients, people and society and build 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.

About Appian

Appian is the unified platform for change. We accelerate customers' businesses by discovering, designing, and automating their most important processes. The Appian Low-Code Platform combines the key capabilities needed to get work done faster, Process Mining + Workflow + Automation, in a unified low-code platform. Appian is open, enterprise-grade and trusted by industry leaders. Learn more at https://appian.com/

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SOURCE EY

FAQ

What is the main focus of the Appian and EY alliance?

The main focus is on enhancing digital transformation initiatives in the financial services sector through intelligent automation and process mining.

When was the Appian and EY alliance announced?

The alliance was announced on January 24, 2023.

How does the Appian platform benefit organizations?

The Appian platform helps organizations improve customer experience, optimize costs, and manage risks through low-code automation solutions.

What are the expected benefits of the partnership for Appian's clients?

Clients can expect enhanced digital workflows, reduced delivery timelines, and improved operational excellence.

What industry does the Appian and EY alliance primarily target?

The alliance primarily targets the financial services industry.