KPMG Introduces A New Way For Mid-Size Organizations To Enhance Performance, Evolve Operating Models And Better Prepare To Overcome Business Disruption
Continuously improving performance is a major challenge for every business. In moments of relative normality, mid-size organizations’ technology is aging, their data is trapped, and talent and resources are in short supply. The uncertainty of the present social and economic circumstances exacerbates those challenges. The solutions available to assist mid-size clients have not struck the right balance of leading practices, people, and technology – until now with KPMG Performance On Demand for Finance (Performance On Demand).
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Performance On Demand is a comprehensive solution, tailored for mid-size companies, that unifies the functional processes, technology platform and application support, all made available through a subscription-based cloud service. In its first iteration, the solution is focused on the finance function. Over time, it will expand to others, such as supply chain, talent, and sales & marketing.
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Core to the service are constantly evolving, functional leading business practices spanning people, process, and technology, based on decades of experience which the firm references as target operating models. Clients receive ongoing access and regular updates to the KPMG finance model. Powered by Microsoft Dynamics 365 intelligent business applications, the service includes a pre-configured, industry-specific environment with the business application, advanced analytics, data models, processes, defined security roles, controls, and training. Clients also receive ongoing quality control, monitoring service, application support, and dedicated relationship management throughout a multi-year contract.
“All companies are being challenged by legacy systems, fragmented finance processes, unpredictable cost of delivery, and lack of resources and talent – especially mid-size companies – limiting their decision-making and their ability to grow,” said Jorge Blanco, an Advisory Principal with KPMG LLP. “The gap between the problem and the resolution is becoming wider for organizations. Closing that gap was our motivation for this new solution. Relying on our experience we built Performance On Demand to offer a no-compromise approach, allowing clients to focus and execute at their required speed.”
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