Business News Update: KPMG Global announced investments in technology, people and innovation, and expects to spend US$5 billion over the next five years to enhance its leadership position in the digital transformation of professional services.
This investment will accelerate the digital transformation of KPMG and its clients, who will benefit from the latest technological advancements across Audit, Tax and Advisory and the expertise of highly-skilled KPMG professionals to help them transform their businesses.
KPMG’s investment will be prioritized in three key areas to strengthen client relationships and capitalize on growth opportunities in a time of transformative change.
“Technology is disrupting organizations across the globe,” says Bill Thomas, Global Chairman, KPMG International. “Clients are turning to us like never before and trust KPMG professionals to help them implement, manage and optimize the digital transformation of their organizations. Our investment places KPMG firmly at the forefront of this digital shift and enhances our position as a digital leader in professional services.”
As part of this investment, KPMG and Microsoft have signed a five-year agreement that enables KPMG member firms and mutual clients to benefit from Microsoft technology, innovation and advancements in Microsoft’s cloud platforms. KPMG is utilizing Microsoft technology – including Microsoft Azure and Microsoft 365 – to create a consistent, global cloud-based platform and extend its range of digital offerings.
KPMG in Sri Lanka is one of the largest professional services firms and is also the oldest Chartered Accountancy firm in the country spanning over a century since inception in 1897.