NEW YORK, May 19, 2020 /PRNewswire/ -- Continuously improving performance is a major challenge for every business. In moments of relative normality, mid-size organizations' technology is aging, their data is trapped, and talent and resources are in short supply. The uncertainty of the present social and economic circumstances exacerbates those challenges. The solutions available to assist mid-size clients have not struck the right balance of leading practices, people, and technology - until now with KPMG Performance On Demand for Finance (Performance On Demand).
Performance On Demand is a comprehensive solution, tailored for mid-size companies, that unifies the functional processes, technology platform and application support, all made available through a subscription-based cloud service. In its first iteration, the solution is focused on the finance function. Over time, it will expand to others, such as supply chain, talent, and sales & marketing.
Core to the service are constantly evolving, functional leading business practices spanning people, process, and technology, based on decades of experience which the firm references as target operating models. Clients receive ongoing access and regular updates to the KPMG finance model. Powered by Microsoft Dynamics 365 intelligent business applications, the service includes a pre-configured, industry-specific environment with the business application, advanced analytics, data models, processes, defined security roles, controls, and training. Clients also receive ongoing quality control, monitoring service, application support, and dedicated relationship management throughout a multi-year contract.
"All companies are being challenged by legacy systems, fragmented finance processes, unpredictable cost of delivery, and lack of resources and talent – especially mid-size companies – limiting their decision-making and their ability to grow," said Jorge Blanco, an Advisory Principal with KPMG LLP. "The gap between the problem and the resolution is becoming wider for organizations. Closing that gap was our motivation for this new solution. Relying on our experience we built Performance On Demand to offer a no-compromise approach, allowing clients to focus and execute at their required speed."
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With Microsoft as a KPMG technology alliance partner, Performance On Demand offers organizations the advantage of connected cloud and business application platforms and a common data model, for an unmatched breadth and depth of capabilities.
"In order to solve client problems in this time of unprecedented business disruption, it's important we provide solutions that allow clients to be at the forefront of their own change and better prepared for a digital-first future," said Tyler Bryson, Vice President, Small, Medium & Corporate Segments at Microsoft US. "KPMG is doing just that, leveraging the Microsoft Dynamics 365 platform to deliver Performance On Demand, an offering that helps companies get ahead of the disruption, and stay competitive."
Blanco added, "Microsoft Dynamics 365 technology is the perfect platform for Performance On Demand to help deliver unique and complete packages that support each organization's specific needs. Microsoft Azure offers a leading cloud infrastructure focused on security, privacy, compliance, and transparency."
Performance On Demand is designed to flex and scale with changing business needs. Focused on providing outcomes that create substantive value for clients, while helping reduce risk and cost. Performance On Demand provides a new delivery model to evolve critical business functions and enable mid-size companies to unlock trapped data and advance faster, predictable, and smarter decision-making during these uncertain times.
About KPMG LLP
KPMG LLP is the independent U.S. member firm of KPMG International Cooperative ("KPMG International"). KPMG International's independent member firms have 219,000 professionals in 147 countries and territories. Learn more at www.kpmg.com/us.