Latest news with #DigitalGateway
Techday NZ
4 days ago
- Business
- Techday NZ
KPMG unveils AI platform Workbench in multi-billion dollar move
KPMG International has launched KPMG Workbench, an open, interoperable artificial intelligence (AI) platform designed to change the way it delivers services to clients and to support staff across its global operations. KPMG Workbench has been developed with Microsoft technology and support. The platform brings together a network of 50 AI assistants and chatbots that communicate with each other across multiple sectors. Nearly a thousand additional AI assistants are in development to meet a broader array of client requirements. The AI agents have been designed to operate as digital colleagues alongside KPMG professionals. They are built to work with various large language models (LLMs) and support the organisation in delivering solutions to clients more quickly, while aiming to maintain quality, trust, and compliance standards. Platform features The KPMG Workbench is built on Microsoft Azure AI Foundry services and is intended to allow agent-to-agent communications. It also integrates with technology from other alliance partners, including Salesforce, ServiceNow, and Workday. This interoperability is designed so that clients can select the model or AI agent most appropriate for their needs. KPMG states that the platform will underpin its key client delivery solutions, including the Digital Gateway (Tax), Velocity (Advisory), and Clara, which is KPMG's audit platform. By acting as a central AI hub, KPMG Workbench is expected to simplify working with and managing multiple tools throughout the client engagement process. KPMG Workbench incorporates data sovereignty features, letting clients manage how their data is stored, processed, and governed to meet both local and international regulatory demands. KPMG has also highlighted its ISO 42001 certification for AI Management Systems, noting that KPMG is the first organisation in the world to achieve this accreditation. Every agent and tool within KPMG Workbench is marked with a KPMG "Trusted AI stamp," indicating that it has been assessed against the company's 10 pillar Trusted AI Framework. "Clients tell us that their ability to orchestrate and control their agents in a secure way is becoming their number one concern. They also want a multi-model platform rather than being locked into one provider. Recognising this, and KPMG's own needs as a complex global business, the strategy was to build a foundational AI platform that has sovereign data capabilities and enables our people to integrate AI models into one environment that is embedded in our Trusted AI Framework. With KPMG Workbench, we're combining advanced AI agents with the insight, judgment and deep expertise of our people to deliver smarter solutions for clients, faster and with full confidence in their security and compliance." – David Rowlands, Global Head of AI, KPMG International AI in practice KPMG Workbench aims to facilitate the automation of multi-step processes such as client onboarding and regulatory reporting. The system allows teams to coordinate and share context between multiple specialised agents, which the company says should make it easier to adapt to new business requirements. According to KPMG, clients across different industries have already begun to benefit from the platform. Examples cited include a telecommunications and technology business using the platform's agents and tools to assess and enhance compliance policies, a global bank needing data sovereignty and agent processing to verify customer identities and counteract fraud, and an international retailer seeking to improve back-office productivity through the deployment of a digital workforce. Collaboration with Microsoft The company confirmed that Microsoft's Azure AI Foundry is the foundation for KPMG Workbench, enabling its interoperability and scalability. The evolution of Workbench from a platform for developers to a central hub for AI delivery reflects KPMG's investment in agent-oriented technology. "KPMG Workbench represents a transformative step in AI-driven collaboration, integrating multi-agent intelligence into a centralised platform leveraging Azure AI Foundry. This investment is more than just technological innovation – it's a pivotal move toward the future of the open agentic web. At Microsoft, we are empowering businesses to enrich the employee experience and reinvent customer engagement through AI transformation, and KPMG Workbench is a prime example of that vision coming to life." – Judson Althoff, EVP, Chief Commercial Officer, Microsoft Future availability KPMG confirmed that private versions of KPMG Workbench will be accessible to clients from various industries wishing to develop and manage a digital workforce in line with changing operational needs. "Launching KPMG Workbench is a pivotal milestone in our AI commitment to transforming client delivery and enhancing ways of working across the global organisation. This strategic investment, made in collaboration with Microsoft, reinforces our dedication to creating a leading technology ecosystem in an era of rapid evolution and shifting client needs." – Carl Carande, Global Head of Advisory, KPMG International and Vice Chair, Advisory, KPMG in the US KPMG described Workbench as the foundation of its multi-billion investment in AI and agentic transformation, intended to be a pillar of its future client service solutions. The AI platform is being positioned as central to the organisation's approach to technology adoption and digital service delivery.
Yahoo
07-05-2025
- Business
- Yahoo
KPMG rolls out AI-powered tool for mitigating tariff risks
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: KPMG has rolled out a new tool designed to help clients navigate 'an increasingly complex trade and tariff landscape,' the Big Four accounting and consulting firm said in a May 1 release. The tool, which is powered by generative artificial intelligence and featured on KPMG's Digital Gateway platform, allows users to simulate potential tariff scenarios and visualize impacts on global supply chain operations, among other capabilities, according to a company description. 'Businesses across every industry are confronting significant challenges as they move quickly to adapt their trade strategies to tackle tariff disruption,' George Zaharatos, KPMG's global data and technology leader, said in an email. 'With our AI-powered platform, we're helping clients firm-wide at unprecedented speed, underscoring the imperative of acting swiftly in response to these impactful trade policies.' Dive Insight: Global consulting firms are ramping up their use of AI to boost internal capabilities while also enhancing the services they provide to enterprise clients. Last month, KPMG announced the integration of AI agents into Clara, the firm's global smart audit platform. That move, the company says, will enable more than 95,000 auditors globally to automate routine tasks. In March, competitor Deloitte unveiled a new suite of 'ready-to-deploy' AI agents designed to automate workflows across business functions, including financial management. And PwC said in March that it was rolling out a platform designed to help enterprises with operating multi-agent business processes at scale. KPMG's new tariff tool can help with complex analyses that play a role in mitigation strategies a CFO might choose to adopt, according to Andrew Siciliano, global and U.S. head of trade and customs at KPMG. 'For example, just because a product is shipped from China, doesn't mean the country of origin is China,' Siciliano said in an email. 'Determining country of origin is important as a tariff applies to an import based on the country that the goods originated from.' More than 100 Fortune 500 and top private equity clients are already implementing the tool to prepare for and respond to ongoing trade policy changes, KPMG said in its press release. Recommended Reading
Associated Press
03-05-2025
- Business
- Associated Press
CORRECTION FROM SOURCE: KPMG LLP Helps Fortune 500 Navigate Trade Disruption with AI-Powered Tariff Modeler
New York, New York--(Newsfile Corp. - May 3, 2025) - KPMG LLP, the U.S. audit, tax, and advisory firm, has unveiled the KPMG tariff modeler, a breakthrough generative AI-powered tool on the KPMG Digital Gateway platform, powered by Microsoft Azure. More than 100 Fortune 500 and top private equity clients are already implementing the tool to prepare for and respond to ongoing trade policy changes. The big picture: As companies of all sizes grapple with navigating an increasingly complex trade and tariff landscape, wrangling trade data and extracting real-time insights has become more critical than ever before. 'Today's volatile global trade landscape requires companies to fundamentally rethink how they anticipate and respond to policy shifts,' says Rema Serafi, Vice Chair - Tax, KPMG LLP. 'By leveraging AI to transform vast streams of global trade data into actionable intelligence, organizations can rapidly model complex scenarios and make more informed decisions. Those who embrace this AI-powered approach will not only navigate current uncertainties but also position themselves to capitalize on emerging opportunities in this new normal of trade complexity.' Why it matters: In today's environment, the Digital Gateway platform and the interactive tariff modeler dashboard provide critical capabilities for C-suite leaders to: Mary Rollman, Advisory principal and Supply Chain Leader, KPMG LLP, adds: 'This tool represents our commitment to providing strategic, AI-powered solutions coupled with KPMG's cross-functional expertise in supply chain, consulting, tax, finance and more. This powerful combination helps clients navigate uncertainty with confidence, further enhancing the capabilities of Chief Supply Chain Officers and other leaders while amplifying their strategic impact across the organization.' Bottom line: With the KPMG tariff modeler, companies can enhance their preparedness for trade disruption, potentially minimize financial impacts, and maintain strategic focus despite policy uncertainty. To learn more, click here. About KPMG LLP KPMG LLP is the U.S. member firm of the KPMG global organization of independent member firms providing audit, tax and advisory services. The KPMG global organization operates in 142 countries and territories and has more than 275,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients. KPMG is widely recognized for being a great place to work and build a career. Our people share a sense of purpose in the work we do, and a strong commitment to increasing access to education and opportunity, advancing mental health, and supporting community vitality. Learn more at ### Media Contact Erica Lee [email protected] 551-380-0827 To view the source version of this press release, please visit
Yahoo
03-05-2025
- Business
- Yahoo
CORRECTION FROM SOURCE: KPMG LLP Helps Fortune 500 Navigate Trade Disruption with AI-Powered Tariff Modeler
100+ Fortune 500 clients leverage KPMG AI-powered tariff tool for real-time trade policy scenario planning Global platform unifies data across departments and borders, helping companies navigate trade uncertainties and identify opportunities Tool has helped save clients hundreds of millions of dollars through strategic tariff planning New York, New York--(Newsfile Corp. - May 3, 2025) - KPMG LLP, the U.S. audit, tax, and advisory firm, has unveiled the KPMG tariff modeler, a breakthrough generative AI-powered tool on the KPMG Digital Gateway platform, powered by Microsoft Azure. More than 100 Fortune 500 and top private equity clients are already implementing the tool to prepare for and respond to ongoing trade policy changes. The big picture: As companies of all sizes grapple with navigating an increasingly complex trade and tariff landscape, wrangling trade data and extracting real-time insights has become more critical than ever before. "Today's volatile global trade landscape requires companies to fundamentally rethink how they anticipate and respond to policy shifts," says Rema Serafi, Vice Chair - Tax, KPMG LLP. "By leveraging AI to transform vast streams of global trade data into actionable intelligence, organizations can rapidly model complex scenarios and make more informed decisions. Those who embrace this AI-powered approach will not only navigate current uncertainties but also position themselves to capitalize on emerging opportunities in this new normal of trade complexity." Why it matters: In today's environment, the Digital Gateway platform and the interactive tariff modeler dashboard provide critical capabilities for C-suite leaders to: Transform uncertainty into structured, analyzable scenarios Enhance preparedness for announced and potential trade actions Enable more strategic supply chain and sourcing decisions Identify potential duty mitigation strategies within existing regulations Access a platform for ongoing review of supplier tariff costs Deliver actionable insights to protect operational continuity and financial outlook Mary Rollman, Advisory principal and Supply Chain Leader, KPMG LLP, adds:"This tool represents our commitment to providing strategic, AI-powered solutions coupled with KPMG's cross-functional expertise in supply chain, consulting, tax, finance and more. This powerful combination helps clients navigate uncertainty with confidence, further enhancing the capabilities of Chief Supply Chain Officers and other leaders while amplifying their strategic impact across the organization." Bottom line: With the KPMG tariff modeler, companies can enhance their preparedness for trade disruption, potentially minimize financial impacts, and maintain strategic focus despite policy uncertainty. To learn more, click here. About KPMG LLPKPMG LLP is the U.S. member firm of the KPMG global organization of independent member firms providing audit, tax and advisory services. The KPMG global organization operates in 142 countries and territories and has more than 275,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to is widely recognized for being a great place to work and build a career. Our people share a sense of purpose in the work we do, and a strong commitment to increasing access to education and opportunity, advancing mental health, and supporting community vitality. Learn more at ### Media ContactErica Leeericalee3@ To view the source version of this press release, please visit Sign in to access your portfolio
Associated Press
01-05-2025
- Business
- Associated Press
KPMG LLP Helps Fortune 500 Navigate Trade Disruption with AI-Powered Tariff Modeler
New York, New York--(Newsfile Corp. - May 1, 2025) - KPMG LLP, the U.S. audit, tax, and advisory firm, has unveiled the KPMG tariff modeler, a breakthrough generative AI-powered tool on the KPMG Digital Gateway platform, powered by Microsoft Azure. More than 100 Fortune 500 and top private equity clients are already implementing the tool to prepare for and respond to ongoing trade policy changes. The big picture: As companies of all sizes grapple with navigating an increasingly complex trade and tariff landscape, wrangling trade data and extracting real-time insights has become more critical than ever before. 'Today's volatile global trade landscape requires companies to fundamentally rethink how they anticipate and respond to policy shifts,' says Rema Serafi, Vice Chair - Tax, KPMG LLP. 'By leveraging AI to transform vast streams of global trade data into actionable intelligence, organizations can rapidly model complex scenarios and make more informed decisions. Those who embrace this AI-powered approach will not only navigate current uncertainties but also position themselves to capitalize on emerging opportunities in this new normal of trade complexity.' Why it matters: In today's environment, the Digital Gateway platform and the interactive tariff modeler dashboard provide critical capabilities for C-suite leaders to: 'The KPMG platform has transformed our approach to trade disruption. Instead of reacting to policy changes after they're announced, we now have pre-analyzed scenarios ready to activate, allowing us to minimize potential impacts and understand our global footprint,' says Matt Lilac, Customs and Indirect Tax Lead, Qualcomm. Mary Rollman, Advisory principal and Supply Chain Leader, KPMG LLP, adds: 'This tool represents our commitment to providing strategic, AI-powered solutions coupled with KPMG's cross-functional expertise in supply chain, consulting, tax, finance and more. This powerful combination helps clients navigate uncertainty with confidence, further enhancing the capabilities of Chief Supply Chain Officers and other leaders while amplifying their strategic impact across the organization.' Bottom line: With the KPMG tariff modeler, companies can enhance their preparedness for trade disruption, potentially minimize financial impacts, and maintain strategic focus despite policy uncertainty. To learn more, click here. About KPMG LLP KPMG LLP is the U.S. member firm of the KPMG global organization of independent member firms providing audit, tax and advisory services. The KPMG global organization operates in 142 countries and territories and has more than 275,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients. KPMG is widely recognized for being a great place to work and build a career. Our people share a sense of purpose in the work we do, and a strong commitment to increasing access to education and opportunity, advancing mental health, and supporting community vitality. Learn more at ### Media Contact Erica Lee [email protected] 551-380-0827 To view the source version of this press release, please visit
