KPMG and Microsoft are making significant investments to deliver advanced cloud-based tax technologies that are designed to help companies transform and lead amid continued market disruption.
Both companies are helping organizations enable their operations to be future-ready through AI, machine learning, automation, and data and analytics applications on the KPMG proprietary Digital Gateway Platform, enabled by the Microsoft Azure cloud.
KPMG Digital Gateway is built with the C-suite in mind and offers a holistic view of a company’s total tax and finance data, in real time, and within a single platform.
Microsoft and KPMG have augmented the Digital Gateway platform with three ne applications: Tax Advance, Data Factory and Connected Modelling.
These new applications can provide a single point of entry for a company’s entire suite of tax data, translate unstructured data into actionable insights, allow non-technology professionals to easily use the tool, syncs with a suite of third-party tools and can leverage AI and machine learning to reduce data redundancies across applications.
Jacky Wright, chief digital officer at Microsoft, said: “Together, KPMG and Microsoft are on a multi-year journey to change tax and finance leaders’ lives for the better and transform tax departments from a cost-center to a value center. The relationship with KPMG Tax is in direct response to the tremendous disruptions that companies are being faced with and the need to help them grapple with it. KPMG is helping Microsoft push the envelope on our technology to meet these executives’ needs.”
Brad Brown, global head of tax technology and innovation at KPMG International, said: “An organization’s data is both vast and complex and in order to generate real value from it, the right technology is critical. Digital Gateway is intended to be an organization’s single source of truth for all its tax and finance information. Our relationship with Microsoft is a testament to our investment in tax technology built to help the C-suite make sense of their data so that they can ultimately drive value and benefit the bottom line.”