Strategic cost transformation | EY - Belgium

Strategic cost transformation | EY - Belgium EY Logo Insights AI Insights Finance People and workforce Risk Sustainability Technology EY Transformation Services Strategy by EY-Parthenon Strategy Consulting Corporate Strategy Geopolitical Strategy Commercial Strategy Working Capital Turnaround and Restructuring Consulting Sustainability Strategy AI Strategy Consulting Industry Strategy Transactions and Corporate Finance by EY-Parthenon M&A Advisory M&A Integration M&A AI-powered Technology Divestment Strategy Corporate Finance Valuation, Modeling & Economics Due Diligence Services Infrastructure Advisory Transaction Tax Consulting Customer Experience by EY Studio+ Cybersecurity consulting services Data and decision intelligence CRO (Risk) Supply chain and operations Technology leaders’ agenda Transformation EQ Transformation Platforms People and workforce Change management and experience HR Transformation Services People Mobility Solution Learning and development consulting services Recognition and reward advisory Workforce analytics EY HROnsite Assurance Services Audit Climate change and sustainability services Financial accounting advisory services Forensic and Integrity Services The EY private client audit experience Long-term value metrics creation Technology Risk IFRS EY FinanceOnSite Tax Tax planning Tax function operations Tax policy and controversy Global trade Global tax reform Sustainability tax services Tax compliance Transaction Tax Tax services: Designed for private EY TaxOnSite Law Corporate and commercial law Digital law Labor and employment law Legal operations Transaction law EY LawOnSite Technology EY.ai – a Unifying Platform Audit technology Tax technology M&A AI-powered Technology Technology transformation Alliances Technology Managed Services Blockchain EY Managed Services Cybersecurity Managed Services Financial Accounting and Expanded Corporate Reporting Managed Services Legal Managed Services Risk Managed Services Supply Chain and Operations Managed Services Sustainability Managed Services Tax Managed Services Technology Managed Services EY Private EY Private client experience EY private client audit experience service offerings Tax services: Designed for private Family enterprise IPO Entrepreneurship EY Sustainability Climate change and sustainability services Sustainable finance Sustainability Strategy Supply Chain Transformation Sustainability tax services Legal services Global renewables Climate and decarbonization Environment, Health and Safety (EHS) Services Industries Industrials & Mobility Aerospace and defense Automotive Chemicals and advanced materials EY-Nottingham spirk innovation hub Future mobility Industrial products Mobility lens suite Transportation Consumer Products Consumer Products Transforming Retail Future consumer index Sustainability Energy & Resources Customer experience transformation Digital grid services Digital mine Digital navigator for mining Digital operations services for oil and gas Energy industry cloud for SAP solutions Global renewables Energy and Resources Strategy Consulting UtilityWave Financial Services Banking & Capital Markets Insurance Wealth & Asset Management Sustainability in Financial Services Fintech and ecosystems Government & Infrastructure Data and technology Education Human services Infrastructure Public finance management Health Health Life Sciences | Sector Trends, Solutions & Insights Private equity Digital in private equity Exit readiness Generative AI services for private equity PE deal origination Private Equity Portfolio Company Value Creation Services Technology, media & entertainment, and telecommunications Technology sector Telecommunications As-a-service business operations and transformation TMT business resiliency suite Future network now Capital operations and innovation suite (COInS) Careers What you can do here Careers in Tech Careers in Assurance Careers in Consulting Careers in EY-Parthenon Careers in Tax Careers in People Advisory Services Careers in Global Delivery Services Careers in Core Business Services What it's like to work here Inclusiveness and your career Personalized career development Flexibility and mobility People stories How to join us How we hire Interview tips What we look for Job search Experienced professionals Students and entry-level Contract opportunities Talent community Careers in EY-Parthenon Careers in EY-Parthenon Experienced Job Search Early Career Opportunities About us Our purpose Our values Our people EY Annual Report Alliances Alumni Newsroom EY Network Locations Connect with us Insights\r\n"}}" id="rich-text-bc0a2439b92f" data-up-is="rich-text" data-up-translation-read-more="Read More" data-up-translation-read-less="Read Less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> Insights Read More Read Less Discover the insights you need to make better decisions today, to shape the future with confidence.

\r\n"}}" id="rich-text-d5d08049b1a0" data-up-is="rich-text" data-up-translation-read-more="Read More" data-up-translation-read-less="Read Less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> Discover the insights you need to make better decisions today, to shape the future with confidence.

Read More Read Less Explore See more

\r\n"}}" id="rich-text-6ffb9af76b28" data-up-is="rich-text" data-up-translation-read-more="Read More" data-up-translation-read-less="Read Less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> See more

Read More Read Less Highlights\r\n"}}" id="rich-text-a7406f6c9b2f" data-up-is="rich-text" data-up-translation-read-more="Read More" data-up-translation-read-less="Read Less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> Highlights Read More Read Less Belgian Tax Reform

\r\nEY webcasts

\r\nEY events

\r\n"}}" id="rich-text-fd77b69ae956" data-up-is="rich-text" data-up-translation-read-more="Read More" data-up-translation-read-less="Read Less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> Belgian Tax Reform

EY webcasts

EY events

Read More Read Less Services\r\n"}}" id="rich-text-55028d0dafa2" data-up-is="rich-text" data-up-translation-read-more="Read More" data-up-translation-read-less="Read Less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> Services Read More Read Less EY helps clients create long-term value for all stakeholders. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate.

\r\n"}}" id="rich-text-787fb17de50b" data-up-is="rich-text" data-up-translation-read-more="Read More" data-up-translation-read-less="Read Less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> EY helps clients create long-term value for all stakeholders. Enabled by data and technology, our services and solutions provide trust through assurance and help clients transform, grow and operate.

Read More Read Less Explore See more

\r\n"}}" id="rich-text-1a3f380c55c8" data-up-is="rich-text" data-up-translation-read-more="Read More" data-up-translation-read-less="Read Less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> See more

Read More Read Less Spotlight\r\n"}}" id="rich-text-f1a223df2b74" data-up-is="rich-text" data-up-translation-read-more="Read More" data-up-translation-read-less="Read Less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> Spotlight Read More Read Less EY.ai - A unifying platform

\r\nStrategy, transaction and transformation consulting

\r\nTechnology transformation

\r\nTax function operations

\r\nClimate change and sustainability services

\r\nEY Ecosystems

\r\nEY Nexus: business transformation platform

\r\n"}}" id="rich-text-f9c8d4305bb3" data-up-is="rich-text" data-up-translation-read-more="Read More" data-up-translation-read-less="Read Less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> EY.ai - A unifying platform

Strategy, transaction and transformation consulting

Technology transformation

Tax function operations

Climate change and sustainability services

EY Ecosystems

EY Nexus: business transformation platform

Read More Read Less Industries\r\n"}}" id="rich-text-1a38e78f7c16" data-up-is="rich-text" data-up-translation-read-more="Read More" data-up-translation-read-less="Read Less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> Industries Read More Read Less Discover how EY insights and services are helping to reframe the future of your industry.
\r\n

\r\n"}}" id="rich-text-20579863aee3" data-up-is="rich-text" data-up-translation-read-more="Read More" data-up-translation-read-less="Read Less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> Discover how EY insights and services are helping to reframe the future of your industry.

Read More Read Less Explore See more

\r\n"}}" id="rich-text-c6e214619883" data-up-is="rich-text" data-up-translation-read-more="Read More" data-up-translation-read-less="Read Less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> See more

Read More Read Less Case studies\r\n"}}" id="rich-text-f1872a208a91" data-up-is="rich-text" data-up-translation-read-more="Read More" data-up-translation-read-less="Read Less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> Case studies Read More Read Less

Workforce

How Microsoft built a new mobility model for cross-border talent

14 May 2024EY Global

Private equity

How GenAI is empowering talent at a PE-backed consumer brand

09 May 2024EY Global

Strategy and Transactions

How carve-outs positioned an automotive giant for future growth

12 Apr 2024EY Global

See all

\r\n"}}" id="rich-text-26143167ff1b" data-up-is="rich-text" data-up-translation-read-more="Read More" data-up-translation-read-less="Read Less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> See all

Read More Read Less Careers\r\n"}}" id="rich-text-51d7a8b0793a" data-up-is="rich-text" data-up-translation-read-more="Read More" data-up-translation-read-less="Read Less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> Careers Read More Read Less We bring together extraordinary people, like you, to build a better working world.

\r\n"}}" id="rich-text-c1fce9005351" data-up-is="rich-text" data-up-translation-read-more="Read More" data-up-translation-read-less="Read Less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> We bring together extraordinary people, like you, to build a better working world.

Read More Read Less Explore See more

\r\n"}}" id="rich-text-a3f34ac4f011" data-up-is="rich-text" data-up-translation-read-more="Read More" data-up-translation-read-less="Read Less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> See more

Read More Read Less Spotlight\r\n"}}" id="rich-text-6e6dba078459" data-up-is="rich-text" data-up-translation-read-more="Read More" data-up-translation-read-less="Read Less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> Spotlight Read More Read Less Experienced professionals

\r\nStudent and entry level programs

\r\nTalent community

\r\n"}}" id="rich-text-d7b685671d7a" data-up-is="rich-text" data-up-translation-read-more="Read More" data-up-translation-read-less="Read Less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> Experienced professionals

Student and entry level programs

Talent community

Read More Read Less About us\r\n"}}" id="rich-text-4cf596f9ce7a" data-up-is="rich-text" data-up-translation-read-more="Read More" data-up-translation-read-less="Read Less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> About us Read More Read Less At EY, our purpose is building a better working world. The insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets.

\r\n"}}" id="rich-text-82004a2ee46a" data-up-is="rich-text" data-up-translation-read-more="Read More" data-up-translation-read-less="Read Less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> At EY, our purpose is building a better working world. The insights and services we provide help to create long-term value for clients, people and society, and to build trust in the capital markets.

Read More Read Less Explore See more

\r\n"}}" id="rich-text-e34a6a266ac9" data-up-is="rich-text" data-up-translation-read-more="Read More" data-up-translation-read-less="Read Less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> See more

Read More Read Less Top news\r\n"}}" id="rich-text-b6e99dc387b1" data-up-is="rich-text" data-up-translation-read-more="Read More" data-up-translation-read-less="Read Less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> Top news Read More Read Less

Press release

EY Belgium under new leadership: Steven Claes appointed CEO with renewed Executive Committee

01 Jul 2025Christophe Ballegeer

Press release

EY and Belgian Cycling extend partnership until 2029

30 Jun 2025Christophe Ballegeer

Press release

Belgium consolidates 8th place in Europe’s ranking in foreign investments and sees marked increase in related job creation

16 May 2025Christophe Ballegeer

Search search

close search See all results for ' '

No results have been found

Topics

See All

General

See All

People

See All

Recent Searches

Trending

My EY My EY Select your location

Local sites Strategic cost transformation

In Wealth and asset management

Wealth and asset managers need to transform costs to navigate the industry inflection point and challenging operating margins. From strategy to implementation, we can help transform strategic, structural and tactical costs while sustaining cost management practices across the entire value chain. Related topics Wealth & Asset Management Financial services

The team

Alex Birkin EY Global Financial Services Consulting Leader and Managing Partner Boudewijn Chalmers Hoynck van Papendrecht EY Global Wealth & Asset Management Profitable Growth Solution Leader; EY Netherlands Wealth & Asset Management Leader; Partner, Consulting, EY Advisory Netherlands LLP What EY can do for you\r\nThe wealth and asset management industry has reached an inflection point as AUM, revenues and overall industry operating margins fall under significant pressure. Given the existing and anticipated future impact of this operating margin challenge, we believe a new and strategic approach is required to fully transform costs that addresses:

\r\n\r\nStrategic cost transformation opportunities: driving key strategic decisions around client segments, products, geographies and distribution channels.\r\nStructural cost transformation opportunities: transforming the operating model to reduce costs and add flexibility and scalability to the cost base. This is achieved through effective workforce planning, outsourcing of services and partners in new ways, standardization of products and services and large-scale or agile data and technology change, as well as other levers.\r\nTactical cost transformation opportunities: optimizing the existing operating model to improve efficiency.
\r\n \r\n\r\nOur Strategic Cost Transformation services include:
\r\n \r\n\r\nStrategy and transaction services\r\nPeer analysis, benchmarking and business case formation\r\nOperating model diagnosis and re-design\r\nEnd-to-end implementation services\r\nChange management, governance and communication\r\nEY Managed Services\r\n\r\n"}}" id="rich-text-432b03d8ec10" data-up-is="rich-text" data-up-translation-read-more="Read More" data-up-translation-read-less="Read Less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> What EY can do for you The wealth and asset management industry has reached an inflection point as AUM, revenues and overall industry operating margins fall under significant pressure. Given the existing and anticipated future impact of this operating margin challenge, we believe a new and strategic approach is required to fully transform costs that addresses:

Strategic cost transformation opportunities: driving key strategic decisions around client segments, products, geographies and distribution channels.Structural cost transformation opportunities: transforming the operating model to reduce costs and add flexibility and scalability to the cost base. This is achieved through effective workforce planning, outsourcing of services and partners in new ways, standardization of products and services and large-scale or agile data and technology change, as well as other levers.Tactical cost transformation opportunities: optimizing the existing operating model to improve efficiency.
  Our Strategic Cost Transformation services include:
  Strategy and transaction servicesPeer analysis, benchmarking and business case formationOperating model diagnosis and re-designEnd-to-end implementation servicesChange management, governance and communicationEY Managed Services Read More Read Less Case Study The better the question The better the answer The better the world works Taking a strategic view to transform costs for a global asset manager Using a strategic approach to cost transformation can create significant and sustainable benefits. Read more View case study The better the question Can a holistic approach to cost transformation deliver greater long-term benefits? Tackling cost drivers individually risks missing the big picture. Continue reading The better the answer Tackling the organization’s pain points Our key recommendations included exiting geographies, using intelligent and digital technologies in the distribution, investment and operations functions, and optimizing a core technology platform replacement. Continue reading The better the world works Leaner, fitter and more resilient The company can now focus on mission-critical activities and invest in growth. Continue reading close The team Alex Birkin EY Global Financial Services Consulting Leader and Managing Partner Focused on supporting global financial services organization. Helping create long-term value for all stakeholders. Passionate about the outdoors, sports and cars. Proud husband and father of three. London, United Kingdom Boudewijn Chalmers Hoynck van Papendrecht EY Global Wealth & Asset Management Profitable Growth Solution Leader; EY Netherlands Wealth & Asset Management Leader; Partner, Consulting, EY Advisory Netherlands LLP Team player and people person. Networker. Pragmatic. Financial services thought leader. Amsterdam, Netherlands Show more Contact us Like what you’ve seen? Get in touch to learn more. EY logo \r\nConnect with us
\r\n\r\nOur locations\r\nTransparency report\r\nMy EY\r\nSite map\r\nLegal and privacy\r\n\r\n"}}" id="rich-text-1500a58f35af" data-up-is="rich-text" data-up-translation-read-more="Read More" data-up-translation-read-less="Read Less" data-up-translation-aria-label-read-more="Read more button, press enter to activate, or use Up arrow key to learn more about this content" data-up-translation-aria-label-read-less="Read less button, press enter to activate, or use Up arrow key to learn more about this content" class="up-rich-text cmp-text" data-up-analytics="rich-text"> Connect with us
Our locationsTransparency reportMy EYSite mapLegal and privacy Read More Read Less Open Facebook profile Open X profile Open LinkedIn profile Open Youtube profile EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

\r\n"}}" class="cmp-text"> EY refers to the global organization, and may refer to one or more, of the member firms of Ernst & Young Global Limited, each of which is a separate legal entity. Ernst & Young Global Limited, a UK company limited by guarantee, does not provide services to clients.

Welcome to EY be (en) You are visiting EY be (en) be en