KPMG partners with Google to bring AI and cloud solutions to clients

04 June 2018

Big Four consultancy KPMG has teamed up with Google to provide digital solutions powered by the Google Cloud Platform. The partnership has already rolled out solutions related to intelligent customer interaction and GDPR compliance, with further client solutions being planned for the future.

Businesses striving to remain competitive are increasingly looking at digitalisation and Industry 4.0 elements like artificial intelligence and cloud computing to unlock new efficiencies and boost productivity. Tech giant Google is one of the leading forces in AI, cloud computing, and automation, and is shaping up to be the leading super-corporation of an exciting robotic future.

Many companies are contracting the help of consulting firms like KPMG to help them create and implement digital strategies. Most of the time, these consultancies partner up with premier tech firms like Microsoft, IBM, Oracle, and Google to provide tailored digital solutions for clients.

Now, Big Four accounting and consulting firm KPMG has announced that it has partnered with Google to support clients with the adoption of AI and cloud computing technology. KPMG will build a suite of solutions on the Google Cloud Platform (GCP) to support a wide range of industry clients with cyber security, compliance, and business and process performance improvement. The solutions will have the added strength of GCP’s trusted security, data analytics, and machine learning.KPMG partners with Google to bring AI and cloud solutions to clientsKPMG already has two solutions ready on the Google Cloud Platform – KPMG Intelligent Interactions and GDPR Assessment and Compliance. Intelligent Interactions uses machine learning and speech-to-text technology to automate and enhance customer interactions. Furthermore, virtual assistants built with Google Cloud machine learning language tech can anticipate customer needs based on predefined triggers.

With GDPR regulations taking effect a week ago in the EU, many firms outside Europe are still not compliant with the digital data privacy law. With huge fines brandished as punishment for non-compliance, firms with dealings in the EU need a plan in place. KPMG’s GDPR solution assists clients with the challenges of compliance, while laying the basis for strong data management and privacy beyond the domain of GDPR. The solution combines KPMG’s advisory expertise in regulation and compliance with Google’s secure cloud-based data warehousing and infrastructure – reducing compliance costs while streamlining processes.

"Organizations are seeing advanced technologies and natural language experiences as a key to transforming their businesses," commented Benjie Thomas, Canadian Managing Partner, Advisory Services for KPMG Canada. "KPMG is creating data-driven solutions that harness Google Cloud technology, including machine learning, to help our member firm clients advance business strategies and deliver unrivaled digital experiences."

The partnership synergizes KPMG’s industry knowledge and process consulting with Google’s cutting-edge machine learning models, giving clients a streamlined way to integrate AI into their business.

"Our alliance with KPMG helps customers across industries benefit from the advantages of Google Cloud, including our advanced security, data analytics and machine learning capabilities, to solve real business challenges," says Tariq Shaukat, President, Partners and Industry Platforms, Google Cloud. "We're working alongside KPMG to develop new solutions that help enable customers to actively participate in the ideation and creation of their own solutions."

In related KPMG news, the firm acquired Canadian IT solutions consultancy Adoxio – a specialist in Microsoft Dynamics customer relationship management software. The acquisition bolstered KPMG’s deep expertise in Microsoft Dynamics 365 – where the firm is part of the ‘Inner Circle’, a designation awarded to only one percent of Microsoft Dynamics partners.

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Consulting firm MNP joins Global Cannabis Partnership

04 April 2019

Accounting and consulting firm MNP LLP has joined the Global Cannabis Partnership (GCP). The GCP is a not-for-profit collaboration of public and private sector organizations seeking to establish social responsibility standards for the international cannabis industry.

Legal cannabis is a multibillion dollar industry in Canada, and its pollen is being blown across the globe, with legal recreational cannabis laws in several US states and European countries currently planting the seeds of potential legalization.

Cannabis legalization brings with it a rush of capitalists seeking to make their fortune, many of whom are in need of sound guidance. A thriving consulting segment has rapidly sprung forth to support cannabis firms with strategy, data analysis, regulatory compliance, security, human resources, and any other business needs. At established consultancies, cannabis teams have generally been cobbled together from consumer packaged goods, and food and beverage sector teams, where there exists a good deal of relevant expertise.

MNP, Canada’s fifth-largest national accounting and consulting firm, was quick to jump on the cannabis bandwagon, and is now one of the industry’s leading advisors, servicing clients internationally.

Consulting firm MNP joins Global Cannabis Partnership

The firm has deep expertise advising industry clients on accounting, audit, tax, financial, and regulatory issues. MNP also supports cannabis industry clients with strategic planning, organizational performance, risk management, best practices and internal controls, and M&A.

As part of its growing role in the industry, MNP has joined the not-for-profit organization Global Cannabis Partnership (GCP). The St. John, New Brunswick-based organization is currently working to create a responsible cannabis framework to guide the safe production, distribution, and consumption of legal recreational cannabis.

Other members of the GCP include consultancies EY, PwC, Grant Thornton, and Cannabis Compliance Inc.

"MNP joined the GCP to collaborate with other industry leaders as the cannabis industry in Canada steps into the spotlight on a global stage," Glenn Fraser, national leader of both food and beverage processing and cannabis, said.

"When MNP decided to enter the cannabis industry in 2013, we made a point to integrate ourselves with the people and organizations propelling the Canadian cannabis industry forward. Through our membership with the Global Cannabis Partnership, we're at the table with our peers continuing the development of the adult-use recreational cannabis industry in Canada and beyond."

MNP joined the organization at the same time as four other companies: cannabis cultivator Canndescent; cannabis operator and franchisor ONE Cannabis Group; cannabinoid R&D firm Cronos Group; and cannabis producer Rubicon Organics. The five additions bring the GCP’s total membership to 37.

"As the industry continues to grow, our membership is expanding along with it," Kim Wilson, executive director of GCP, said. "We're thrilled to have these new members, who are committed to corporate social responsibility and making a positive contribution to the partnership. The diversity of our membership brings a broad perspective and expertise to the table, which will help us set standards and guidelines for best practices in the cannabis industry worldwide."

Related: MNP named a Best Employer in Canada for 11th year in a row