Bahrain Bourse falls    Saudi Stock Market index rises to 6999.34 points    In Implementation of Directives of Custodian of the Two Holy Mosques, Extending the Period of Using Exit and Re-Entry Visas Free of Charge for Expatriates Inside the Kingdom    India sees biggest jump in Covid-19 cases    Asian shares mixed    Oman announces 48 new COVID-19 cases    UAE announces recovery of 19 patients, 283 new cases of COVID-19, one death    Saudi Press: Saudi Arabia Continues Precautionary Measures to Safe Health of Citizens and Residents from Coronavirus    Weather Forecast For Wednesday    Some 20 million jobs in Africa at risk from coronavirus impact, study shows    GCC Interior Ministers hold emergency meeting with participation of Prince Abdulaziz bin Saud bin Nayef    Saudi Stock Market index rises to 6986.40 points    Host Bids for AFC Asian Cup 2027 Extended    Bangladesh reports first coronavirus death    Senior Scholars Council Issues Decision No. 246 Regarding Attendance of Friday Prayer and Prayers at Mosques in a Case of Spread of Epidemic or Fear of its Spread    Saudi Aramco International Women's Golf Championship receives more than 100 international players    Liverpool ride early jolt to return to winning ways    Saudi Arabia to Host First Professional Women Golf Tournament    Hail Region Governor to Patronize 2020 Diabetes and Obesity International Conference    Winter at Tantora Celebrates Eastern and Western Culture as AlUla Embraces a Night of Persian Music    Saudi Health Economics Experts Dialogue Forum Held in Riyadh    Custodian of the Two Holy Mosques Addresses Citizens and Muslims on Eid Al-Fitr    Custodian of Two Holy Mosques addresses Citizens and Muslims on the Advent of Holy Month of Ramadan    Ministry of Hajj and Umrah Launches Awareness Message on Sacrifice Day    Newcastle Beat West Ham 3-0 for their first Win of the Season    Mourinho insists Ibrahimovic must be good enough for Manchester United    Reforms have saved the economy from possible recession, say analysts    The King and Crown Prince congratulates Moldova's President    More than 1,5 million pilgrims arrive in Saudi Arabia, so far    MWL allocates SR 7 million for Eid sacrifice project in 47 countries    Saudi Campaign provides educational and training services for Syrians in Al-Za'tari camp    Saudi student goes missing in Kentucky, US    Harvey lashes Texas US coast with high wind, torrential rain    North Korea tests short-range missiles as South Korea, US conduct drills    Samsung leader Jay Y. Lee given five-year jail sentence for bribery    Known days    "MODON" Signs MoU with Chinese Goldwind Company for wind-turbines manufacturing in the Kingdom    Flyadeal, Saudi Arabia's new low-cost airline, scheduled to launch on September 23, reports    Mastercard launches Masterpass in the Kingdom of Saudi Arabia    Honda among 27 Japan players named for World Cup qualifiers    Joker, Harley Quinn movie in works with 'Crazy Stupid Love' filmmakers    Madhuri Dixit to venture into Marathi films as a producer    Consumers warned against using some brands of face powder, hair products    How 'GOT' makers made the frozen lake in 'Beyond the Wall'    Shraddha Kapoor wants people to help the needy    Neymar targets improvement after phenomenal home debut    Politicizing the pilgrimage    Rakhi 2017: "Bond of Love" between a brother and his sister    







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KPMG and Microsoft announce portfolio of digital solutions including smart audit platform
Published in Alriyadh on 02 - 08 - 2017

KPMG and Microsoft have announced two important strategic initiatives that will expand the scope of their global alliance: firstly, to provide clients in Saudi Arabia and around the world with a portfolio of digital solutions, and secondly to enable KPMG's smart audit platform, KPMG Clara – both built on KPMG business experience and the Microsoft intelligent cloud.
The two organizations are establishing the Global Digital Solution Hub, which will leverage Microsoft Azure intelligent cloud services and artificial intelligence (AI) technology with KPMG business experience to help companies transform all areas of their businesses -- including finance, operations, customer experience, and insights-driven decision making.
The companies also announced plans to place the new KPMG smart audit platform, known as KPMG Clara, on Microsoft Azure, which will make KPMG the first of the Big Four professional services firms to enable its member firms to conduct external financial statement audits utilizing Azure, a comprehensive, cloud-based platform.
"In our recent 2017 KPMG Global CEO Outlook Survey, nearly half of the CEOs responding expect major disruptions in their sector from technological innovation within the next three years, with more than 90 percent of CEOs surveyed in Saudi Arabia viewing technological disruption as more of an opportunity than a threat," said Dr. Samer Abdallah, Head of Digital Transformation, Data and Analytics, KPMG Saudi Arabia. "Similar technological trends are also projected by the research firm Gartner estimating that by 2020, 30 percent of new solutions will include artificial intelligence (AI) technologies. Creating the Global Digital Solution Hub re-affirms KPMG's and Microsoft's commitment to develop innovative solutions to address our clients' needs in the digital disruption era. New solutions from the Hub will leverage artificial intelligence, data and analytics, to optimize our clients' business performance, profitability, and growth."
Regarding the importance of the Digital Solution Hub to KPMG member firm non-audit clients in Saudi Arabia and around the world, Satya Nadella, Microsoft CEO, said: "As every industry and every organization becomes digitized, leaders are looking for the right technologies and partners to accelerate their transformation. Working with firms like KPMG, we aim to help customers harness the intelligent cloud and build AI capability to drive business outcomes and unlock new opportunities."
Of KPMG's commitment to deliver KPMG Clara through Microsoft Azure, KPMG Global Chairman John Veihmeyer said: "As businesses become increasingly digitized and face continued disruption, audits need to continue to evolve with those changes and KPMG is committed to leading digital transformation in the professional services sector. Placing our smart audit platform on the Microsoft Azure cloud and leveraging other Microsoft technologies will accelerate and expand digital capabilities to further enhance quality, consistency and efficiency."
"KPMG Clara will bring more automation to the audit, and reduce the burden on clients around data preparation and delivery. KPMG Clara will provide deeper insights into the audit results, and highlight potential audit risk. This is a significant step towards the real-time audit of the future", Dr. Samer Abdallah added.
Dr. Samer Abdallah


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