EY is one of the largest professional services networks in the world and it is considered one of the Big Four accounting firms. It primarily provides assurance, tax, consulting, and advisory services to its clients. EY has expanded into markets adjacent to accounting, including strategy, operations, HR, technology, and financial services consulting.
Scale-up of the year
EY Belgium is organizing the ‘Entrepreneur of the Year®‘ competition every year to choose the company that achieved significant growth and has the potential to grow more. In addition to the ‘Entrepreneur of the Year®‘ awards, the “Scale-up of the Year” is also awarded every year by EY in collaboration with its partners BNP Paribas Fortis & Mediafin . EY Belgium is organizing this event for Flanders, and Wallonia & Brussels in two days in a row. The nominees are all fast-growing companies that are in the full development phase. This prize rewards a young company in the midst of its development phase, which can potentially claim the ‘Entrepreneur of the Year®‘ prize in the future.
EY is choosing young and fast-growing companies with great potential in terms of innovation, entrepreneurship, strategy, openness to the world, and perseverance by analyzing their track record and growth based on the data available in the DataScouts platform. Furthermore, EY wants to know how innovation comes into the company story of those companies and how it’s all connected to Belgium’s Business Ecosystem.
CHOOSING THE BEST CANDIDATES
3 years ago, EY Belgium decided to use the DataScouts platform to identify the first set of high-performing scale-ups in Belgium; which will be subsequently further analyzed.
Before collaborating with DataScouts for the identifying process, EY was doing manual data crunching to find the best companies, but the chances of missing some companies were higher.
DataScouts helps EY to continuously scout for relevant scale-ups that can have the most potential analyzed by the specific criteria, and to map the scale-up ecosystem and provide an interactive visualization of all involved actors and their interconnectedness.
With DataScouts platform, EY can easily filter out the companies, and based on the data quality, they come to a shortlist of possible winners. DataScouts platform is now the core of the selection process.
EY Belgium Financial Accounting Advisory Services Director, Ludovic Deprez states that:
3 years ago we wanted to find a new way of the identifying process. The process before collaborating with DataScouts was all manual and there was a chance that we were missing lot of data. We wanted to be sure that we have an objective and relliable source of data with filtering options to easily focus on our selection criteria and never miss a single information about the companies. Especially the quality & correctness of the data and completeness of the company profiles were the most important criteria for us and DataScouts platform satisfied us in this terms.
Now we know that we don’t miss any important data about the scale-ups in Belgium. We get complete overview in the platform and evaluate the high potential scale-ups easily with different filters and reporting features, and based on the data on the platform, we prepare the shortlist of possible winners.
Apart from that, easy interface and quick response from DataScouts team, makes the process even faster and easier. The data visualization in the DataScouts platform, making the process lot easier for us.
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