Dubai, UAE, 02 Feb 2024
The EY organisation and ServiceNow (NYSE: NOW), which positions itself as the leading digital workflow organisation making the world work better for everyone, have announced an expansion of their strategic alliance to provide solutions for generative AI (GenAI) compliance, governance and risk management. The EY organisation will also use ServiceNow’s Now Assist GenAI capabilities to bring enhanced experiences to EY professionals and clients. These new AI solutions seek to amplify EY capabilities on ServiceNow’s risk management solutions.
“One topic dominates the C-suite agenda in 2024 – the transformative potential offered by AI,” said Carmine Di Sibio, EY Global Chairman and CEO. “The challenge many clients face is putting appropriate governance in place when adopting the technology. Together, the EY organisation and ServiceNow will help organisations confidently turn AI risk management and regulatory compliance concerns into opportunities to drive business value. We are excited to broaden our collaboration with ServiceNow and continue growing our alliance relationship by collaborating on this game-changing technology.”
“GenAI has inspired the imagination,” said Bill McDermott, chairman and chief executive officer at ServiceNow. “EY is shoulder-to-shoulder with ServiceNow to take costs out, put productivity in and accelerate growth for our customers. Our partnership will enable the adoption of Gen AI on the ServiceNow platform at unprecedented speed.”
The newly developed offerings are expected to improve the management and governance of AI, driving proper compliance with regulatory requirements, and promote ethical, transparent and accountable business practices. This includes the EY AI Governance and Compliance solution, providing businesses with a suite of essential capabilities including AI discovery and inventory management, policy management and implementation, risk tiering and automated monitoring. The new offerings are expected to be available in the first quarter of 2024.
The EY organisation will also use ServiceNow generative AI capabilities across IT and HR business functions. This includes deployments of IT Service Management (ITSM) PRO+, HR Service Delivery (HRSD) PRO+, and Now Assist generative AI tools, helping enable enhanced employee experiences across more than 400 000 EY professionals.
ServiceNow and the EY organisation have a longstanding collaboration history providing offerings in areas such as risk, global business services, supply chain and manufacturing management, and technology innovation. The expanded alliance builds on ServiceNow and the EY organisation’s announcement in December 2021 to transform finance and tax service. EY and ServiceNow teams also plan to increase focus on additional offerings into 2024 for specific industries, including financial services, manufacturing and life sciences.
To learn more about ServiceNow’s alliance with EY, visit here.
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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.
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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.
ServiceNow
ServiceNow (NYSE: NOW) makes the world work better for everyone. Our cloud-based platform and solutions help digitize and unify organizations so that they can find smarter, faster, better ways to make work flow. So employees and customers can be more connected, more innovative, and more agile. And we can all create the future we imagine. The world works with ServiceNow™. For more information, visit: www.servicenow.com.