EY ACA COMPASSSM technology platform wins numerous 2015 American and International Business Awards
New York, October 6, 2015
EY announced today that it has received numerous accolades from around the world for its Affordable Care Act Compliance & Analytics Support System (ACA COMPASSSM), as judges for the 2015 American and International Business Awards (Stevies) recognized how this comprehensive and customizable platform addresses the complex issues associated with the ACA.
Recently Ernst & Young LLP was presented with the top honors from the 2015 American Business Awards in two categories:
- Gold for Innovation of the Year – Business Service Industries category
- Gold for Technical Innovation of the Year – At Organizations With More Than 1,000 Employees.
That recognition extended beyond the US with Ernst & Young LLP also receiving several International Business Awards:
- Silver for Best New Product of the Year – Software – Big Data Solution
- Bronze for Best New Product or Service of the Year – Software – Human Capital Management Solution and
- Bronze for Best New Product or Service of the Year – Business-to-Business Products.
In total, more than 7,000 nominations from over 60 nations were received from organizations of all sizes in virtually every industry.
“When the ACA was enacted, we challenged ourselves to come up with an innovative technology that could help our clients comply with the complexities of the law,” said Ali Master, Ernst & Young LLP’s Partner-in-charge of ACA Services. “We are honored that judges from around the world recognized the importance of our holistic approach to resolving an immediate business challenge. All this was made possible through the exceptional work of the tremendous team that created ACA COMPASSSM.”
About ACA COMPASSSM
As organizations face a tight reporting deadline that requires volumes of data to comply with the ACA, they discover that other technologies only offer cursory abilities to break down and analyze data, precluding them from leveraging and balancing the full scope of workforce and tax options. The increased urgency to put the appropriate systems in place has resulted in growing recognition and accolades that ACA COMPASSSM can address all these issues in a customizable platform.
ACA COMPASSSM assists employers with a true technical analysis and application of the ACA regulations as well as the upcoming Internal Revenue Service (IRS) information reporting (due date: February 1, 2016). The complexity of the law allows employers multiple options for their implementation methodology. As employers move through the decision making process of how to implement, critical decisions along the way can have far reaching and expensive consequences if the law is not accurately applied. The ACA COMPASSSM platform has earned praise from clients and associations across the globe.
About the Stevie Awards
Stevie Awards are conferred in six programs: The American Business Awards, The International Business Awards, the Asia-Pacific Stevie Awards, the German Stevie Awards, the Stevie Awards for Women in Business, and the Stevie Awards for Sales & Customer Service. Stevie Awards competitions receive more than 10,000 nominations from organizations in more than 60 nations each year. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at www.StevieAwards.com/ABA
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This news release has been issued by Ernst & Young LLP, a member firm of EY serving clients in the US.