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EY US and Rillet Forge Alliance for AI-Driven Finance Modernization
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EY US is partnering with AI enterprise resource planning and accounting software provider Rillet to improve finance modernization efforts. This strategic collaboration will target organizations moving from mid-market ERP solutions to modern finance operating models, incorporating elements such as risk management and control into the transformation process from the start, a move aimed at helping clients create resilient, smart, and speedy finance functions.
EY US has announced a strategic collaboration with Rillet, an AI-native enterprise resource planning (ERP) and accounting software provider, to enhance finance modernization efforts. This partnership leverages EY US's expertise in finance transformation, technology consulting, risk management, and operating-model design, combined with Rillet's advanced general-ledger-first, AI-native finance platform.
The joint initiative targets organizations seeking to transition from mid-market ERP solutions to more scalable and modern finance operating models. The alliance aims to integrate risk management and control features directly into the finance transformation process, ensuring that these elements are not treated as separate workstreams but are embedded from the outset. This approach is designed to help clients develop finance functions that are not only faster and smarter but also more resilient.
Michael Flynn, EY-Rillet Alliance leader, emphasized the importance of this integration, stating that finance leaders face increasing pressure to enhance speed, insight, and control while managing complexity and risk. The alliance's unique approach to embedding risk management and controls into the transformation process is expected to provide significant benefits to clients.
Rillet's co-founder and CEO, Nic Kopp, highlighted the persistent challenge of integrating controls into finance transformation. He noted that by incorporating AI into the accounting logic from the ground up, the alliance aims to strengthen controls, making them more continuous and defensible under audit conditions.
This collaboration represents a significant step forward in the evolution of finance functions, offering organizations the tools and expertise needed to navigate the complexities of modern finance operations effectively.
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