KPMG has teamed up with Workiva to help organisations transform and integrate their risk management, regulatory and financial reporting and compliance processes.
Workiva delivers Wdesk, an enterprise cloud platform for data collaboration, reporting and compliance. It is used by thousands of organizations worldwide, including over 75 percent of the Fortune 500.
“Increased scrutiny from regulatory authorities is stretching organizational resources and the bottom line,” said Greg Bell, global cybersecurity practice co-leader at KPMG. “Companies are looking to technology solutions for performance improvements and automation to increase efficiencies in their risk and compliance programs.”
With Wdesk users are able to improve productivity and accountability in their processes for internal controls over financial reporting, risk assessments, regulatory compliance and financial reporting.
“Pairing our Wdesk platform with KPMG’s technology-risk specialists creates a unified, multidisciplinary solution and team to help customers streamline and automate a wide variety of complex risk, compliance and reporting processes,” said Marty Vanderploeg, CEO of Workiva. “By working together, we will help organizations gain insights, make data-driven decisions and ultimately drive better business outcomes.”
Workiva also provides Wdata, which centralizes financial and non-financial data from diverse sources into a cloud solution. It enables users to gather, prepare, and enrich data, before connecting to Wdesk for reporting and analysis.
Earlier this year, KPMG formed an alliance with Cylance, a cybersecurity company leveraging AI and machine learning to provide threat prevention. KPMG’s Cyber Security Services practice guides enterprises through governance, organisational transformation, cyber defense and incident response. Cylance adds advanced AI-enabled endpoint security technology to its portfolio of security strategy and roadmap services.
KPMG in Singapore also recently partnered with RegTech company Lombard Risk to launch a new integrated regulatory solution. Lombard Risk, the provider of regulatory reporting and collateral management solutions, and KMPG Singapore have launched the KPMG Regulatory Integrated Solution (KRIS).
Copyright © 2018 RegTech Analyst
Copyright © 2018 RegTech Analyst
