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KPMG and Oracle team on financial cloud services

23/09/2014 by


KPMG and Oracle plan to jointly offer ‘KPMG Powered Finance’ to some of KPMG’s largest customers looking for finance and tax accounting tools that will put these companies’ core internal finance processes in the cloud.

“Far too often we hear stories about fast-growing firms being constrained by their finance capability or because the software they bought into during their embryonic years is no longer able to support their needs,” said Patrick Fenton, head of financial management at KPMG.

“By teaming up with Oracle we are demonstrating our commitment to technology-driven change, with the crucial recognition that cloud-based tools and programmes give organisations the freedom they need to adapt and grow,” Fenton said.

The companies explained that by collating and storing their financial data in Oracle’s cloud, enterprises using the software tools will be able to measure and benchmark their performance against data collected from other companies operating in the same sector.

“Customers need to leverage digital technologies such as cloud and business analytics to continuously add value and innovate, helping transform their businesses to stay ahead of the competition,” said Mark Newton, vice president of sales UK applications at Oracle.

“To help modern finance organizations fast-track their digital journey, KPMG is working with Oracle to provide transformational projects with Oracle ERP and EPM Cloud,” Newton said.

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