KPMG and Microsoft have announced a significant expansion of their relationship to revitalize professional services across businesses including workforce modernization, safe and secure deployment and use of AI solutions for clients, industries and society.
This collaboration includes a KPMG multibillion-dollar commitment in Microsoft cloud and AI services over the next five years that will help to unlock potential incremental growth opportunity for KPMG of over $12bn. The expanded alliance will benefit KPMG audit, tax and advisory business areas and enhance client engagements and employee experience in a responsible, trustworthy and safe way.
The Microsoft cloud and Azure OpenAI Service capabilities will empower the KPMG global workforce of 265,000 to unleash their creativity, provide faster analysis and spend more time on strategic advice. This will allow both companies to help clients, including more than 2,500 KPMG and Microsoft joint clients, keep pace with the evolving AI landscape and solve their greatest business challenges.
As an early access partner for Microsoft 365 Copilot and Azure OpenAI Service, KPMG professionals will pilot the technologies with select business groups across the global organization.
Additionally, to enhance the commercial prospects of the agreement, KPMG and Microsoft will explore and participate in joint opportunities where they can collaborate to drive social and community impact worldwide. These currently include the UNESCO global education coalition and KPMG’s 10×30 strategy to help economically empower ten million underprivileged youths by 2030 – through education, employment and entrepreneurship opportunities. The companies will also continue to work together to enhance the reliability of carbon accounting through the Carbon Call to which both companies were founding signatories.
Satya Nadella, chairman and CEO, Microsoft, said: “We have a real opportunity to apply this next generation of AI to help transform every industry, including professional services. Our expanded partnership with KPMG will bring together AI innovation across the Microsoft Cloud with KPMG’s tax, audit and advisory expertize to empower its employees and unlock insights for its customers.”
Bill Thomas, global chairman and CEO, KPMG International said: “Our renewed and strengthened relationship with Microsoft is an exciting moment for our people and our clients. It will help harness the power of our multidisciplinary model by ensuring that our people always have the right expertize, skills and tools to overcome challenges and provide the very best advice to clients. It will also help make KPMG a more agile and resilient business that continues to be an interesting and exciting place to work.
“This expansion of our global alliance builds on the combined power of two world-class organizations that share a common set of core values, working together to responsibly use cutting-edge cloud and AI technologies. KPMG is embracing the future and we believe that AI is key to unlocking sustainable growth in a way that will build a better future for our people, clients and society.”
