Commerce

EY declares international alliance with Shopify to construct a brand new marketplace for regulated merchandise and ship enterprise-ready e-commerce providers

  • Helps enterprise retailers get to market quicker, at scale, improve income potential, enhance price efficiencies, cut back tax danger and supply personalized experiences
  • Gives enterprise purchasers entry to international EY wavespace x Shopify facilities to co-create transformational commerce experiences 

LONDON, Nov. 7, 2022 /PRNewswire/ — The EY group right now declares a world alliance with Shopify Inc., a supplier of important web infrastructure for commerce, to assist enterprise organizations maximize the potential of on-line commerce and to help the sale of regulated merchandise.

The EY–Shopify Alliance, based in Canada, goals to assist enterprises activate and scale their e-commerce companies in two methods. The primary is thru EY e-commerce system integration providers optimized for the implementation of Shopify for large-scale companies. The second is by creating new safe choices for the sale of regulated merchandise corresponding to pharmaceutical merchandise and alcoholic drinks.

This alliance synergizes Shopify’s speed-to-value, quickly deployable and customizable platform with the mixing capabilities of EY throughout all related back-end programs, corresponding to enterprise useful resource planning, buyer relationship administration (CRM), stock administration, fulfilment and monetary reporting, back-end implementation and oblique taxes, in addition to front-end buyer expertise.

The confirmed compliance, information analytics, international tax, commerce and managed providers capabilities of EY groups will assist Shopify’s massive retailers stay compliant when promoting regulated merchandise — no matter geography. This may permit retailers to be up to date on quickly evolving laws, function and promote merchandise in a compliant method with decreased danger, and drive a tax-efficient distribution mannequin, making a leading-class digital expertise for purchasers.

EY and Shopify will practice an preliminary cohort of 500 technical professionals all over the world who will play a key function in bringing the distinctive energy of the alliance to enterprise clients at scale and add accelerated worth to clients. Additional help will probably be prolonged to these professionals by enabling as much as 10,000 consultants by way of publicity to the Shopify platform. The alliance may also set up a set of first-of-its-kind EY wavespace x Shopify facilities. Leveraging the worldwide community of EY wavespace™ innovation hubs (in places corresponding to New York, London, Toronto, Sydney and Singapore), these facilities will carry the facility of Shopify, EY groups and their collective purchasers collectively to create improved on-line buyer experiences and options, reimagine the way forward for e-commerce and unlock new markets for regulated merchandise.

Kristina Rogers, EY International Client Chief, says:

“Enterprises and on-line retailers are re-evaluating their e-commerce methods to offer higher, extra related and frictionless experiences to satisfy excessive e-commerce buyer expectations. This collaboration with Shopify will assist manufacturers improve their buyer journeys, discover new channels and finally develop their companies — all whereas navigating the more and more advanced world of regulated retail.” 

Jad Shimaly, CEO and Chair, Ernst & Younger LLP (EY Canada), says:

“The calls for and expectations of next-generation aware shoppers would require a pivot to thrive in accelerated e-commerce environments — and quick. The alliance with Shopify will present a broad vary of transformational providers that assist retailers adjust to the advanced regulatory panorama and construct new working fashions that ship seamless, sustainable buyer experiences. I’m excited to see this partnership unlock alternatives for purchasers that permit them to develop at scale whereas creating long-term worth for all stakeholders.”

Harley Finkelstein, President, Shopify says:

“Trendy enterprises function in a fancy atmosphere the place scale, velocity and suppleness are wanted to drive progress. We’re excited to work with EY groups to carry the efficiency, customization and commerce experience that our retailers know and like to extra massive enterprises all over the world.”

For extra info, go to ey.com/alliances.

About EY
EY exists to construct a greater working world, serving to to create long-term worth for purchasers, individuals and society and construct belief within the capital markets.

Enabled by information and know-how, various EY groups in over 150 international locations present belief by way of assurance and assist purchasers develop, rework and function.

Working throughout assurance, consulting, legislation, technique, tax and transactions, EY groups ask higher questions to seek out new solutions for the advanced points dealing with our world right now.

EY refers back to the international group, and should check with a number of, of the member corporations of Ernst & Younger International Restricted, every of which is a separate authorized entity. Ernst & Younger International Restricted, a UK firm restricted by assure, doesn’t present providers to purchasers. Details about how EY collects and makes use of private information and an outline of the rights people have below information safety laws can be found through ey.com/privateness. EY member corporations don’t apply legislation the place prohibited by native legal guidelines. For extra details about our group, please go to ey.com.

This information launch has been issued by EYGM Restricted, a member of the worldwide EY group that additionally doesn’t present any providers to purchasers.

About Shopify                                                                                                                                                 
Shopify is a number one supplier of important web infrastructure for commerce, providing trusted instruments to start out, develop, market, and handle a retail enterprise of any dimension. Shopify makes commerce higher for everybody with a platform and providers which are engineered for reliability, whereas delivering a greater buying expertise for shoppers in all places. Proudly based in Ottawa, Shopify powers hundreds of thousands of companies in additional than 175 international locations and is trusted by manufacturers corresponding to Allbirds, Gymshark, Heinz, Tupperware, FTD, Netflix, FIGS, and plenty of extra. For extra info, go to www.shopify.com. 

SOURCE EY

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