KPMG Australia today revealed the first live offerings from its new digital services platform, marking the firm’s entry to the professional services software market. KPMG’s R&D Edge, a research and development tax management solution, and KPMG’s ESS Reporter, a tool which streamlines how international companies manage employee share schemes in Australia, have now been released and are already being used by more than 100 clients.
KPMG CEO, Gary Wingrove, said: “KPMG has officially entered the software business. We’re taking IP from our service offerings and combining these on a single platform with cognitive, big-data and cloud technology. It’s an exciting step, and one which heralds a shift in focus around innovation within and for KPMG, and the experience we ultimately deliver to our clients.”
“Critically, each product we design and build locally will soon be available to clients around the world who have, or do business in Australia. They will be delivered via a new global platform – rather like an app store – known as KPMG Spectrum. Under this global initiative, software is developed by KPMG member firms around the world using a shared cloud-based platform, and leveraging the firm’s global alliance with Microsoft,” he added.
Encouraged by learnings and success with KPMG Marketplace, a digital shopfront launched last year, former KPMG CIO Anthony Stevens has been appointed to build a new-look Digital Services team for the firm.
“The remit of KPMG Digital Services is to work internally within all parts of our business to accelerate our own pace of digitisation and enable us to face directly into today’s technology and disruption challenges. Under Ant’s direction, Digital Services is working with each division to accelerate the digitisation of existing services and identify new digital service offerings,” said Mr Wingrove.
Anthony Stevens has quickly grown his in-demand team to more than 50 designers, project managers and technology architects. “By developing our own software to complement our traditional face-to-face capabilities, we are ensuring our clients can engage with us ‘faster, cheaper and more effectively’. R&D Edge and ESS have already demonstrated that digital solutions provide incremental value to our clients – insights that people alone can’t provide.”
“And they are just the start, with six additional Australian-developed software solutions expected to be released in the next 12 months,” Mr Stevens said.
KPMG’s Digital Services team’s focus is complementary to the firm’s client digital transformation efforts, being driven by its fast-growing Management Consulting business. Last year, revenues of KPMG’s Management Consulting business grew was 33 percent, with growth in its specialist Technology Advisory practice up by 56 percent on the previous year.