KPMG International has expanded its global alliance with Microsoft in a deal that will see the establishment of a new digital solution hub and the launch of the world’s first global cloud-based Big Four audit platform.
The alliance will set up the Global Digital Solution Hub which will leverage Microsoft Azure intelligent cloud services and artificial intelligence (AI) technology with KPMG business experience to help companies transform their businesses in areas such as finance, operations, and customer experience. The digital solution hub is expected to begin operations by the fourth quarter of 2017.
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The two companies are also planning to place KPMG’s new smart audit platform, called KPMG Clara, on Microsoft Azure, a comprehensive, cloud-based platform, to allow its member firms to conduct external financial statement audits. The service will be deployed across the KPMG network, depending on, among other things, applicable country regulations and applicable engagement terms with companies audited by KPMG.
KPMG global chairman John Veihmeyer said placing KPMG Clara on Microsoft Azure reflects the auditor’s commitment to leading digital transformation in the professional services sector.
“Placing our smart audit platform on the Microsoft Azure cloud and leveraging other Microsoft technologies will accelerate and expand digital capabilities to further enhance quality, consistency and efficiency,” he said.
Speaking about the importance of the Digital Solution Hub to KPMG member firm non-audit clients around the world, Microsoft CEO Satya Nadella said: “As every industry and every organisation becomes digitised, leaders are looking for the right technologies and partners to accelerate their transformation.
“Working with firms like KPMG, we aim to help customers harness the intelligent cloud and build AI capability to drive business outcomes and unlock new opportunities.”
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