ICK enters partnership with Ernst & Young

The Ernst & Young’s Finance Navigator helps startups to assess the financial impact of COVID-19 on their companies. Therefore, three months of free access will be offered to startups companies, who are part of ICK’s business incubator.

Ernst & Young Global Limited, commonly known as Ernst & Young or simply EY, is a multinational professional services firm headquartered in London, England, United Kingdom. EY is one of the largest professional services firms in the world. Along with Deloitte, KPMG, and PricewaterhouseCoopers, it is considered one of the Big Four accounting firms. It primarily provides assurance (which includes financial audit), tax, consulting and advisory services to its clients. Like many of the larger accounting firms in recent years, EY has expanded into markets adjacent to accounting, including strategy, operations, HR, technology, and financial services consulting.

This week, the Innovation Centre Kosovo entered the partnership with EY’s Finance Navigator, which helps startups to assess the financial impact of COVID-19 on their companies. As a result of this partnership, startup companies from ICK’s incubator will be offered three months of free access.

Small businesses, startups, and scale-ups – having only limited funds available – might take the biggest hit of all. As a business owner, you are probably working on contingency plans and addressing questions such as these:

  • How will a drop in sales impact my cash flow?
  • What is my runway if the fundraising takes longer to close?
  • How can I control my burn rate in these times?
  • What is the impact of government and banks grants on my financial position?

Since EY Finance Navigator’s financial planning software for startups can help to find answers to these questions, EY have decided to offer both existing and new users three months of free access to all startups globally. EY Finance Navigator is EY online financial modeling software specifically designed for startups and is trusted by entrepreneurs in more than 50 countries. With the software, you can calculate the financial impact of different scenarios in these unprecedented times by modeling your cash flow, calculating your funding need and measuring the impact on profitability.

Learn more and register for the program here.