NEW YORK, Sept. 30 2013 /PRNewswire/ -- Ernst & Young LLP announced today that it was recognized as a leader in the IDC MarketScape: Worldwide Business Consulting Services for Governance, Risk and Compliance 2013 Vendor Analysis (doc #242352, August 2013). According to IDC, the firm is seen as most capable of all firms at integrating appropriate analytics into an engagement and at maximizing the value of a project.
"We are honored to be named as a leader in GRC consulting and to be viewed as among the most capable of all firms at challenging corporate culture and at supporting business changes across a client organization," said Paul van Kessel, Ernst & Young LLP Risk Leader. "EY is helping clients in building a better working world through continuing to enhance its GRC consulting services. We attribute this great result to our approach of combining risk with performance improvement, and seeking out the best talent, developing new methodologies, strengthening service delivery and having a strong go-to-market approach."
Cushing Anderson, Vice President, Business Consulting Services, IDC, noted that, "Ernst & Young LLP is viewed as among the most capable at directly improving clients' overall commercial performance, helping clients manage risk, and integrating risk awareness and solutions within other consulting engagements. It is also considered to be among the best at leveraging local and global staff appropriately, providing industry insights and competence, and transferring knowledge to the client."
The IDC MarketScape report also mentioned how the global EY organization had recently launched eight regional risk centers of excellence, in both growth and emerging markets. These centers will act as hubs for services addressing strategic, operational, financial, IT, and compliance risks across each region, offering insight into local laws, local business, and industry practices. The centers will offer a robust backdrop of global risk methodologies and international standards. For example, the Center of Excellence in Johannesburg focuses on identifying and managing common business risks that occur in Central and South African countries.
"The IDC MarketScape report also validates our deep sector-specific process and risk models, which include benchmarks from external sources like APQC and the firm's own metrics, to deliver sector-specific value propositions," said Jay Layman, principal, Ernst & Young LLP, and EY Americas Risk leader. "Industry service development itself comes through EY's 14 global industry centers of excellence that include power and utilities in Dusseldorf, banking and capital markets in New York, oil and gas in Bahrain, technology in San Jose, California, telecommunications in Paris, and consumer products in London."
About IDC MarketScape
IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of IT, telecommunications, or industry-specific suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor's position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings, capabilities and strategies, and current and future market success factors of IT, telecommunications, or industry-specific vendors can be meaningfully compared. The framework also provides technology buyers with a transparent foundation to allow companies to independently compare the strengths and weaknesses of current and prospective vendors.
About EY's Advisory Services
Improving business performance while managing risk is an increasingly complex business challenge. Whether your focus is on broad business transformation or more specifically on achieving growth, optimizing or protecting your business having the right advisors on your side can make all the difference. Our 30,000 advisory professionals form one of the broadest global advisory networks of any professional organization, delivering seasoned multidisciplinary teams that work with our clients to deliver a powerful and exceptional client service. We use proven, integrated methodologies to help you solve your most challenging business problems, deliver a strong performance in complex market conditions and build sustainable stakeholder confidence for the longer term. We understand that you need services that are adapted to your industry issues, so we bring our broad sector experience and deep subject matter knowledge to bear in a proactive and objective way. Above all, we are committed to measuring the gains and identifying where your strategy and change initiatives are delivering the value your business needs.
EY is a global leader in assurance, tax, transaction and advisory services. The insights and quality services we deliver help build trust and confidence in the capital markets and in economies the world over. We develop outstanding leaders who team to deliver on our promises to all of our stakeholders. In so doing, we play a critical role in building a better working world for our people, for our clients and for our communities.
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. For more information about our organization, please visit ey.com.
This news release has been issued by Ernst & Young LLP, a member of the global EY organization that provides services to clients in the US.
SOURCE Ernst & Young LLP