For KPMG, information resides at the center of the conventional business operating model, uniting people, processes and technology with insights that can drive business decisions. A siloed orientation will not help organizations solve problems or drive value in today’s environment. With our information-driven approach, we can apply historical, current and predictive analytics to give organizations a holistic view of their data, allowing them to focus on business outcomes and deliver measurable value. Our D&A capabilities across functions include:
Data & Analytics are embedded in each aspect of our assurance services. D&A helps us frame our risk assessment of the issues our clients face and gives us a perspective on areas of higher audit risk. Our D&A improves the quality of the assurance we provide because we use internal and external data, apply our deep industry knowledge and then learn from the available information to assess the accuracy of what our clients report. D&A provides us with an understanding of how our clients are performing based on historical information as well as a perspective on the internal and external factors that affect them today. D&A then allows us to form insights that provide an informed perspective to senior management, not just on the issues we have addressed in the audit, but also on the various challenges they face.
Our D&A capabilities center on risk and focus on specific industries. But whether the applied analytics look at 100 percent of a data set to identify anomalies or are predictive of results that may affect our perspective on the accuracy of a client’s reporting, these procedures alone would provide limited benefits to our clients. It is the deeper industry insights of our assurance professionals combined with their informed perspective on the business that leads to value beyond the audit services we provide.
Because of the massive amounts of data involved in calculating tax liabilities and optimizing compliance, just managing data is a key challenge. We help our clients streamline the collection, extraction and analysis of data while generating significant efficiencies and insights for them. We also help clients use analytics to identify areas for tax planning and minimize exposures for their organizations.
Most data is reported from a management perspective rather than the perspective of the legal entities required to file the tax returns. Clients look to our tax professionals to help them access the right data from their systems and define the approach that helps ensure the data can be used consistently across the enterprise. KPMG is a leader in using sophisticated analytics to help our clients mitigate risk and minimize exposures. We also help clients visualize their tax exposure with user-friendly, web-based hosted platforms.
Advisory clients count on our D&A insights and guidance to help them better understand market dynamics and address the root causes of the complex challenges affecting their businesses. As a result, we can help clients anticipate and take advantage of change instead of simply reacting to it—enabling them to transform disruptive forces into measurable and sustainable value.
We have D&A capabilities throughout our Management Consulting, Risk Consulting, and Transactions & Restructuring Advisory Service Groups. We help clients gain value through analytics in such areas as supply chain optimization, due diligence support, regulatory and credit risk modeling, and enterprise risk assessments. What’s more, KPMG Forensic Services has a long history of e-discovery and text analytics.