The professional services firm has now revealed the offerings including R&D Edge, a research and development tax management solution, and ESS Reporter, a tool which streamlines how international companies manage employee share schemes in Australia.
According to KPMG, the solutions are already being used by more than 100 clients.
“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,” KPMG chief executive Gary Wingrove says.
Wingrove says KPMG has been encouraged by learnings and success with KPMG Marketplace, a digital shopfront launched last year, and has appointed former KPMG chief information officer Anthony Stevens 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.”
Wingrove says 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,” Stevens says.
“And they are just the start, with six additional Australian-developed software solutions expected to be released in the next 12 months.”
Wingrove says KPMG’s Digital Services team’s focus is complementary to its client digital transformation efforts, driven by its “fast-growing Management Consulting business”.
The KPMG chief says last year, revenues of the company’s Management Consulting business grew 33%, with growth in its specialist Technology Advisory practice up by 56% on the previous year.