KPMG Will Expand Microsoft Alliance and Invest $5 Billion in Digital Strategy
KPMG and Microsoft are strengthening their global relationship through a five-year agreement to accelerate digital transformation for KPMG member firms and mutual clients. As part of its announcement to significantly invest in technology, people and innovation, KPMG is modernizing its workplace using the Microsoft 365 suite of cloud-based collaboration and productivity tools.
KPMG is also utilizing Microsoft Azure and its AI capabilities as the backbone for a new common, global cloud-based platform. The platform will strengthen their range of digital offerings with new innovations in cloud-based audit capabilities, tax solutions and risk management. Clients in all sectors, including those in highly regulated industries, will benefit from globally consistent and continuous service delivery that enables greater speed of deployment while adhering to industry-leading compliance and security standards.
“Together with KPMG, we’re accelerating digital transformation across industries by bringing the latest advances in cloud, AI and security to highly regulated workloads in tax, audit and advisory,” said Satya Nadella, CEO, Microsoft. “KPMG’s deep industry and process expertise, combined with the power of our trusted cloud will bring the best of both organizations together to help customers around the world become more agile in an increasingly complex business environment.”
Through a jointly funded incubator, KPMG and Microsoft are co-developing a robust portfolio of solutions and managed services in the areas of cloud business transformation, intelligent business applications and smart workplace solutions. KPMG will create a set of cloud-based capabilities ranging from hosting infrastructure based on Microsoft Azure to more than 50 advanced solutions, such as AI, cyber and robotic process automation (RPA).
“Our alliance with Microsoft has become a critical component in helping us deliver industry-leading solutions and services to clients. Our significant multiyear investment continues to empower our people to work more efficiently and collaboratively while maximizing the power of a workforce that blends people and technology,” said Bill Thomas, Global Chairman, KPMG International. “By harnessing Microsoft’s intelligent and trusted cloud, we aim to help clients be at the forefront of change and better prepared for a digital-first future.”