The collaboration is resulting in a wealth of new technology capabilities for tax and finance leaders in more than 140 jurisdictions globally through the KPMG Tax Reimagined service offering.
The future of tax is at a tipping point as organizations work to keep pace with a rapidly changing business landscape, shifts in tax policy, heightened compliance and reporting requirements, workforce challenges, and the untapped potential of data. As part of their multi-billion-dollar global alliance, KPMG1 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.
KPMG and Microsoft are helping companies enable their operations to be future-ready through AI, machine learning, automation, and data & analytics applications on the KPMG proprietary Digital Gateway platform, enabled by the Microsoft Azure cloud. The collaboration is resulting in a wealth of new technology capabilities for tax and finance leaders in more than 140 jurisdictions globally through the KPMG Tax Reimagined service offering.
“C-suites are being challenged by tremendous disruption and uncertainty. Whether it’s preparing for potential changes to U.S. tax policies, implementing the OECD global tax policies, addressing the rising pressure to consider ESG in their total tax stories, or determining how to do more with less, many leaders are struggling with how to prepare and respond,” said Greg Engel, Vice Chair – Tax at KPMG in the US. “The KPMG Digital Gateway was built to equip executives with a single access point to their entire suite of tax and finance data so that they can see around the corner and make smart business decisions even amid a time of great uncertainty.”
KPMG Digital Gateway is built with the C-suite in mind. It puts easy-to-use technology in the hands of non-technologists, so that business leaders can leverage insights to help predict what’s ahead. Digital Gateway offers a holistic view of a company’s total tax and finance data, in real time, and within a single platform. Business leaders use Digital Gateway’s data-driven applications, powerful modeling tools and interactive visualizations to help inform strategy, forecast outcomes, plan tax requirements, minimize risk, generate cost savings, and, ultimately, drive tangible business results.
“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.” – Jacky Wright, Chief Digital Officer, Microsoft.
KPMG and Microsoft have augmented the Digital Gateway platform with three new applications – Tax Advance, Data Factory and Connected Modeling. The latter two process, synthesize and visualize data from an organization’s ERP system, while Tax Advance is a cloud-based collaboration tool that uses Microsoft technology to connect and optimize an organization’s existing document management, process and workflow approaches within the tax and finance functions.