June 21, 2024

Advancing Digital Growth

Pioneering Technological Innovation

KPMG Digital Finance: Revolutionising Modern Finance

2 min read

Build on Aptitude and a curated, preconfigured set of Microsoft Azure, Dynamics 365 and Power BI capabilities deployed through a KPMG Modern Data Platform, the key features of KPMG Digital Finance include:

  • Microsoft Dynamics 365 F&O – An enterprise resource planning (ERP) solution that provides financial management, supply chain management, and customer relationship management capabilities to organisations.
  • Microsoft Power BI – State-of-the-art data visualisation software that includes KPMG preconfigured finance and data quality dashboards and reports.
  • Azure Databricks – Unified analytics platform for data science and engineering, providing a collaborative workspace for performing data engineering, machine learning, and analytics tasks and includes KPMG preconfigured data transformation, quality, and monitoring capabilities.
  • Azure Cosmos Database​ – Highly scalable database service that optimises performance of globally distributed applications.
  • Azure Data Factory​ – Hybrid data integration service to create, schedule and manage workflows that can move data between various data stores.
  • Azure Virtual Desktop – A desktop and app virtualisation service that runs on the cloud, enabling users to securely access their desktops and applications from anywhere, on any device.

Indeed, KMPG leverages Microsoft365 technology soon after the launch of Microsoft’s Copilot for Finance – the latest business function in Microsoft365. It’s clear that with Microsoft, KPMG has a partner alongside it continuing to innovate. 

David Fourie, Partner at KPMG states: “As the speed of technology, business and regulatory change continues to increase, organisations are increasingly looking to move to a managed service model for finance provided by trusted, proven partners. 

“Moving to a FaaS model ensures finance teams have a secure, scalable, cost-effective solution that leverages best practices, while also moving finance from mundane, repetitive tasks to forward facing analytics and informed decision making.”

The launch of KPMG’s proprietary fintech solution comes as investment in fintech starts ticking up once again, after VC funding dipped for FY2023, as reported in KPMG’s Pulse of Fintech Report 2023.

Further investment comes as VC firms see the demands of more businesses wanting to onboard gen AI capabilities in all functions of their operations – finance chief among them.

Now, KPMG hopes to deliver that to many clients looking for a simpler, more efficient and secure finance solution.

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