Microsoft and KPMG recently announced the expansion of their global alliance.
The broader partnership could increase professional services in a range of fields with a focus on ensuring secure development and an updated workforce, kickstarting artificial intelligence options into the services and operations, according to a July 11 Microsoft news release.
“We have a real opportunity to apply this next generation of AI to help transform every industry, including professional services,” Microsoft CEO Satya Nadella said in the news release. “Our expanded partnership with KPMG will bring together AI innovation across the Microsoft Cloud with KPMG’s tax, audit and advisory expertise to empower its employees and unlock insights for its customers.”
Microsoft noted the enhanced partnership between the companies includes a multibillion dollar investment by KPMG in Microsoft's cloud and AI services over the next five years, which will drive growth of around $12 billion for KPMG, the release reported. The expansion will enhance the employee experience and enhance client relations.
KPMG operates in 143 countries and regions, providing advisory services with more than 265,000 employees and personnel in 2022, according to the company's website. It works with public sector agencies, governmental bodies, businesses and other groups.
The alliance will provide a range of benefits to KPMG clients in a number of areas, including advisory, audit and tax, the news release reported. These services provided by KPMG will help increase effectiveness and efficiency with the integration of Microsoft AI and cloud services.
KMPG also will leverage the Microsoft 365 Copilot and Azure OpenAI Service throughout its global structure, according to the news release.It will pair the abilities of the technologies with its own industry acumen to boost client activity and speed the development of digital solutions.
“Our renewed and strengthened relationship with Microsoft is an exciting moment for our people and our clients," Bill Thomas, global chairman and CEO of KMPG International, said in the release. "It will help harness the power of our multidisciplinary model by ensuring that our people always have the right expertise, skills and tools to overcome challenges and provide the very best advice to clients. It will also help make KPMG a more agile and resilient business that continues to be an interesting and exciting place to work."
