The initiative will use automation, machine learning, natural language processing, and reusable models to streamline business practices.
By combining EY leading technology and intelligence with Microsoft Cloud technologies, the organizations will help businesses’ legal and compliance teams to identify and mitigate ethical and reputational risks; investigate and manage regulatory challenges; detect fraud; and manage privacy and security risks.
The move is part of the existing EY Microsoft alliance and follows an announcement in August 2021 of boosted collaboration with a commitment to launch new solutions and platforms to address business and societal challenges through digital transformation.
A range of innovative new technologies and solutions help address the enterprise-wide legal and compliance needs of its multinational clients. A key resource in delivering these services will be the EY Virtual platform – a single-point digital solution, available via the cloud or hybrid, that helps organizations to manage their legal, compliance, ethics, and risks through a suite of AI-driven analytics and workflow applications.
The platform, which is powered by the Microsoft Cloud, can complement the powerful information protection and advanced compliance capabilities in Microsoft 365 E5 including: Insider Risk, eDiscovery, and Information Governance and Compliance to protect and govern data while reducing risk.
