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EY releases free innovative software

When's the last time you've heard about the Big 4 giving anything away for free? Ummm, never? But on
Future Firm Weekly Top 5
EY releases free innovative software
By Ryan Lazanis • Issue #26 • View online
When’s the last time you’ve heard about the Big 4 giving anything away for free? Ummm, never?
But on May 31, EY released some open-source software to the world. Open-sourcing means that the code is publicly available and those outside of EY can contribute towards it and to use it for their own personal purposes if they like.
The software in question is highly technical and pertains to the blockchain world. I won’t get into what it is and how it works here.
While some may question why in the world EY would give this away for free, this is actually a very smart move.
1) This is an interesting model for securing new business in a fast moving space. This software will be used as a foundation for certain blockchain services for EY’s corporate clients.
2) This is fantastic advertising for the digital age. It demonstrates thought leadership on EY’s part and has helped to develop an an online community. Here’s just one online discussion happening on reddit with posters praising EY for the move.
3) Open-sourcing will get others to contribute to their newly released code (for free), therefore making it more valuable for their corporate client services. Genius.
This move also demonstrates the importance of merging services with software & technology, a trend that is likely only going to intensify.
For only the most tech savvy, you can peep the open source code that EY released here.
Interested in chatting about these kinds of things with fellow peers? Request access to the closed Facebook group for accounting & bookkeeping firm leaders here.
Now let’s get to this week’s Future Firm Top 5, shall we?

1) Trends from 3000 Surveyed Accountants
Sage's 2019 Accounting Trends Report - 6 Curated Highlights
2) This is a Big Deal
3) Need a Project Management System?
4) This Guy Knows His Sh*t
5) The Future of Work on HBO
Discussion of HBO VICE Special Report: The Future of Work
Come Learn About Online Personal Branding
On June 19 at Xerocon San Diego (Jun. 18 - 19) I’ll be presenting on a topic that has helped me throughout my career: online personal branding. It’s now easier than ever and I’ll show you the tips & tricks to getting started. Interested in coming to Xerocon? Register here for your discounted ticket ($225 instead of $499) and hope to see you there.
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Ryan Lazanis

Future Firm Weekly Top 5 is your weekly curated insight into the top 5 things happening on the internet affecting the future of your accounting firm.

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