EY launches energy industry cloud for SAP solutions

Announced to coincide with SAP Sapphire 2022, EY has launched EY Energy Industry Cloud for SAP solutions, a product aiming to help energy organizations around the world accelerate their digital transformation. The partnership between EY and SAP will help companies identify mitigate implementation risks during their transformation, overcome challenges and build long-term value.

EY Energy Industry Cloud for SAP solutions comes, specifically designed for the energy industry, driven by insights across the EY organization and utilizes the SAP Business Technology Platform. The offering will maximize growth and mitigate risks of change by defining a clear roadmap, accelerating delivery, providing a standard solution to support design and delivery, and putting people at the center of projects.

A whole-of-business approach will also be available – including tax, cyber security, supply chain, and sustainability – to potentially unlock greater business benefits from the transformation.

David Townshend, EY global energy SAP offering leader, said: “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.”

Stefan Krauss, SAP general manager for discrete industries and energy and natural resources, said: “Especially in the current climate of significant disruptions and change, agile and innovative industry solutions in the cloud that helps 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.”