19 July 2012 - The International Association of Outsourcing Professionals (IAOP) has ranked KPMG International number one in its annual ranking of the World's Best Outsourcing Advisors. KPMG moved up from the number two slot in last year's IAOP ranking. Being on the list for the fourth year running, this is a strong validation of KPMG’s strengths in this high-demand industry.
The IAOP rankings were based on applications covering various criteria, including customer feedback, approach to sourcing, management team, size of practice, and global presence. KPMG has been in the forefront of heralding the shift of the outsourcing model from routine services performed in low-wage geographies, to an approach including more complex, sophisticated activities addressing business-critical issues, such as shortages of talent, regulatory changes, tax consequences, globalization, rising costs, and rapidly changing technology.
"KPMG's focus on business consulting, rather than serving as a large-scale operational outsourcer itself, provides us the ability to help clients transform internally and to engage and manage other third party outsourcing relationships," said Cliff Justice, KPMG LLP principal and U.S. leader, SSOA. "We have assembled a team of professionals who sit among the outsourcing industry's most prominent and we are pleased that our industry peers have recognized our accomplishments."
"It's an honor to once again to be chosen by the IAOP for this prestigious designation," said Ning Wright, KPMG China's Partner in Charge for Shared Services and Outsourcing Advisory (SSOA). Ning added, "We appreciate this important recognition of KPMG's depth of experience, global reach and holistic approach, which are in strong demand by organisations facing an increasingly cost-conscious and complex business environment."
The SSOA China team is currently charged to prepare a strategy workshop for the Ministry of Commerce (MOFCOM) in August. KPMG has been designated as the advisor for the PRC Ministry of Commerce (MOFCOM) through a memorandum of understanding on cooperation to promote the outsourcing service industry that was signed in 2009.