EY and Microsoft roll out EY Absolute on Dynamics 365, Azure for UK accounting and tax outsourcing

EY in the UK is working with Microsoft to launch a new digital platform for finance and accounting services called EY Absolute, which is built on Microsoft Dynamics 365/NAV and powered by Microsoft Azure.

With EY Absolute, businesses in the UK can outsource a range of core accounting and tax services, including invoice processing, bookkeeping, management accounting, statutory accounts, payroll, and corporate tax/VAT returns, to a virtual finance team, according to officials of the companies.

EY Absolute provides key performance data, allowing them to improve operations. Consequently, businesses can outsource part, or all, of their finance functions while retaining control of, and access to, their data, officials said.

"The needs of businesses are changing, and they are looking for a different way to deal with their finance function activities and for quality data to support their decision-making," said Tina Gill, Partner, EY Absolute Lead, Ernst & Young LLP, in a statement. "The use of cloud-based technology enables us to collaborate with a business, giving it real-time access to its data and full visibility of the services being provided by their EY Absolute team. As a result, this effectively provides an extension of its own finance team."

EY Absolute promises to help companies improve the efficiency of their finance functions by:

• Reducing the cost of core accounting processes
• Improving the quality of their data
• Providing 24/7 access to data via a digital platform

"EY and Microsoft are working together to support customers' digital transformation by enabling innovative and disruptive new services in bookkeeping, accounting and tax," said Microsoft VP Victor Morales in the statement. "EY Absolute, the processing power of the Microsoft cloud ...