KPMG announces plan to introduce world’s first global cloud-based Big Four audit platform on Microsoft Azure
14 July 2017: KPMG and Microsoft have announced the establishment of the Global Digital Solution Hub, which will help companies transform all areas of their businesses -- including finance, operations and customer experience.
The Digital Solution Hub marks the most significant step forward for the KPMG and Microsoft strategic alliance formed in 2015. The new platform will manage the architecture and development of ready-made Microsoft Cloud based solutions, empowering business leaders across Ireland and elsewhere to drive digital transformation in strategic areas of their business.
The Hub will be staffed by data scientists, developers, analysts, designers and other specialists from both organisations and KPMG and Microsoft plan to begin operations by the fourth quarter of 2017. Operating as a geographically distributed facility, the Digital Solution Hub will have locations in the US and Europe.
Solutions from the Hub will centre on artificial intelligence, machine learning and analytics to help non-audit clients’ businesses improve performance, profitability and growth in the disruptive global economy.
Regarding the importance of the Digital Solution Hub to KPMG member firm non-audit clients around the world, Satya Nadella, Microsoft CEO said: “As every industry and every organization 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.”
Shaun Murphy, Managing Partner, KPMG Ireland said “KPMG is delighted to be in a position to work this closely with Microsoft to develop and deliver world class, technology led solutions that harness our combined business and technology expertise. Business leaders in Ireland are increasingly looking for cutting edge digital solutions to optimise their operations and build more efficient digitally driven businesses. The Digital Solution Hub is our combined response to those needs, offering business leaders the opportunity to transform all areas of their business.”
The Hub is one of two new strategic initiatives between Microsoft and KPMG that will provide clients with a portfolio of digital solutions. The companies have also announced plans to place the new KPMG smart audit platform, KPMG Clara, on Microsoft Azure, which will make KPMG the first of the Big Four professional services firms to conduct external financial statement audits utilising Azure, a comprehensive, cloud-based platform.
KPMG Clara builds on KPMG’s deep global audit experience combined with the advanced security features and industry-leading compliance capability of Microsoft Azure to enhance audit quality and provide deeper insights into the results of audits, potentially highlighting specific issues and audit risks. The KPMG Clara platform’s standardised application programming interface (API) integration framework will support seamless integration with other cloud, data and analytics technologies.
In addition to the two initiatives announced which build on the longstanding alliance between KPMG and Microsoft, KPMG recently received the following Microsoft awards:
In early June, Microsoft announced that KPMG was a finalist for their annual Public Sector: Health partner of the year award.
KPMG was among the best in cloud experiences in Microsoft Dynamics in the Horses for Sources (HfS) Blueprint Report: Microsoft Dynamics Services 2017 published on June 14th.
On July 10th Microsoft named KPMG as their Worldwide Consulting & SI Digital Transformation in Action partner.
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KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. We operate in 152 countries and have 189,000 people working in member firms around the world. The independent member firms of the KPMG network are affiliated with KPMG International Cooperative ("KPMG International"), a Swiss entity. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
KPMG in Ireland has over 2,500 people working across the island in Dublin, Belfast, Cork and Galway.