Big 5 Offer E-biz Strategies

Big 5 consultants are offering new e-biz strategies for high-tech companies. New services offered by Ernst & Young, LLP (E&Y) and KPMG allow clients to benchmark their business decisions and IT investments in areas such as hosted applications and e-commerce.

E&Y now offers application service providers (ASP) an auditing service that judges the ASP’s ability to securely host and manage rentable, web-based applications. The service begins with objectives and ends with a judgment on the ASP’s systems and controls in relation to those objectives. E&Y plans to announce later this week a major partnership with a vendor that will develop and offer a complete line of ASP services under E&Y’s management consulting division.

Of course, this is good news for companies looking to sell their wares. An “okay” by a Big 5 firm is an open invitation to sell customers on the recommendation. It’s also a good time for the Internet to have access to these services, with the ASP market poised to explode from the current $2 billion to about $22 billion by 2003.

Not to be left off the bandwagon, KPMG has just announced its new service called Saved. The new offering is a three-week assessment of e-commerce systems along with recommended improvements. Saved is aimed at startups or traditional companies that have had problems with deploying or maintaining their e-commerce initiatives.

You may like these other stories...

We're all about QuickBooks this morning. First, read this late-breaking news from John Stokdyk, editor of AccountingWEB (U.K.), who is attending the QuickBooks Connect conference in San Jose, California. Then, for more...
Technology—specifically internet technology—has a record of disrupting tried-and-true methods of operation in ways that we often don't foresee. Look no further than the recent HBO announcement that they *gasp...
If you're thinking that bitcoin and digital currency generally are merely some one-off flash in the pan, the new Digital Currency Council would argue otherwise. The council launched in September and already had 400...

Already a member? log in here.

Upcoming CPE Webinars

Oct 23Amber Setter will show the value of leadership assessments as tools for individual and organizational leadership development initiatives.
Oct 30Many Excel users have a love-hate relationship with workbook links.
Nov 5Join CPA thought leader and peer reviewer Rob Cameron and learn ways to improve the outcome of your peer reviews while maximizing the value of your engagement workflow.
Nov 12This webcast presents basic principles of revenue recognition, including new ASU 2014-09 for the contract method. Also, CPAs in industries who want a refresher on revenue accounting standards will benefit.