Ernst and Young blockchain partnership with SAP Leonardo
EY is extending its relationship with SAP to build out blockchain solutions on various SAP ERP platforms. The specifics of the partnership are that EY will use SAP’s Leonardo platform.
One product that has already been developed is EY’s Ops Chain which is designed to ehlp customers manage their supply chain. It uses smart contracts developed on the blockchain to manage ownership in the supply chain.
This is just proof that blockchain is becoming more common in the accounting industry if EY which is one of the largest accounting firms is building solutions with SAP which is one of the largest accounting ERP developers. It’s only a matter of time before every ERP is in the cloud and has many blockchain solutions.
EY forms tax partnerships with Concur
EY has partnered with Concur which is also an SAP company. Concur is the world’s leading provider of travel, expense and invoice management solutions. The solution that EY and Concur have teamed up to build will allow business travelers manage real time immigration and tax assessments. It will capture all the relevant data within concur. The main offering here is Concurs technology with EY tax and immigration technology and knowledge. This will allow business travelers to see their immigration and tax obligations that results from their travel before they travel.