Latest news with #DigitalGateway
Yahoo
07-05-2025
- Business
- Yahoo
KPMG rolls out AI-powered tool for mitigating tariff risks
This story was originally published on CFO Dive. To receive daily news and insights, subscribe to our free daily CFO Dive newsletter. Dive Brief: KPMG has rolled out a new tool designed to help clients navigate 'an increasingly complex trade and tariff landscape,' the Big Four accounting and consulting firm said in a May 1 release. The tool, which is powered by generative artificial intelligence and featured on KPMG's Digital Gateway platform, allows users to simulate potential tariff scenarios and visualize impacts on global supply chain operations, among other capabilities, according to a company description. 'Businesses across every industry are confronting significant challenges as they move quickly to adapt their trade strategies to tackle tariff disruption,' George Zaharatos, KPMG's global data and technology leader, said in an email. 'With our AI-powered platform, we're helping clients firm-wide at unprecedented speed, underscoring the imperative of acting swiftly in response to these impactful trade policies.' Dive Insight: Global consulting firms are ramping up their use of AI to boost internal capabilities while also enhancing the services they provide to enterprise clients. Last month, KPMG announced the integration of AI agents into Clara, the firm's global smart audit platform. That move, the company says, will enable more than 95,000 auditors globally to automate routine tasks. In March, competitor Deloitte unveiled a new suite of 'ready-to-deploy' AI agents designed to automate workflows across business functions, including financial management. And PwC said in March that it was rolling out a platform designed to help enterprises with operating multi-agent business processes at scale. KPMG's new tariff tool can help with complex analyses that play a role in mitigation strategies a CFO might choose to adopt, according to Andrew Siciliano, global and U.S. head of trade and customs at KPMG. 'For example, just because a product is shipped from China, doesn't mean the country of origin is China,' Siciliano said in an email. 'Determining country of origin is important as a tariff applies to an import based on the country that the goods originated from.' More than 100 Fortune 500 and top private equity clients are already implementing the tool to prepare for and respond to ongoing trade policy changes, KPMG said in its press release. Recommended Reading
Associated Press
03-05-2025
- Business
- Associated Press
CORRECTION FROM SOURCE: KPMG LLP Helps Fortune 500 Navigate Trade Disruption with AI-Powered Tariff Modeler
New York, New York--(Newsfile Corp. - May 3, 2025) - KPMG LLP, the U.S. audit, tax, and advisory firm, has unveiled the KPMG tariff modeler, a breakthrough generative AI-powered tool on the KPMG Digital Gateway platform, powered by Microsoft Azure. More than 100 Fortune 500 and top private equity clients are already implementing the tool to prepare for and respond to ongoing trade policy changes. The big picture: As companies of all sizes grapple with navigating an increasingly complex trade and tariff landscape, wrangling trade data and extracting real-time insights has become more critical than ever before. 'Today's volatile global trade landscape requires companies to fundamentally rethink how they anticipate and respond to policy shifts,' says Rema Serafi, Vice Chair - Tax, KPMG LLP. 'By leveraging AI to transform vast streams of global trade data into actionable intelligence, organizations can rapidly model complex scenarios and make more informed decisions. Those who embrace this AI-powered approach will not only navigate current uncertainties but also position themselves to capitalize on emerging opportunities in this new normal of trade complexity.' Why it matters: In today's environment, the Digital Gateway platform and the interactive tariff modeler dashboard provide critical capabilities for C-suite leaders to: Mary Rollman, Advisory principal and Supply Chain Leader, KPMG LLP, adds: 'This tool represents our commitment to providing strategic, AI-powered solutions coupled with KPMG's cross-functional expertise in supply chain, consulting, tax, finance and more. This powerful combination helps clients navigate uncertainty with confidence, further enhancing the capabilities of Chief Supply Chain Officers and other leaders while amplifying their strategic impact across the organization.' Bottom line: With the KPMG tariff modeler, companies can enhance their preparedness for trade disruption, potentially minimize financial impacts, and maintain strategic focus despite policy uncertainty. To learn more, click here. About KPMG LLP KPMG LLP is the U.S. member firm of the KPMG global organization of independent member firms providing audit, tax and advisory services. The KPMG global organization operates in 142 countries and territories and has more than 275,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients. KPMG is widely recognized for being a great place to work and build a career. Our people share a sense of purpose in the work we do, and a strong commitment to increasing access to education and opportunity, advancing mental health, and supporting community vitality. Learn more at ### Media Contact Erica Lee [email protected] 551-380-0827 To view the source version of this press release, please visit
Yahoo
03-05-2025
- Business
- Yahoo
CORRECTION FROM SOURCE: KPMG LLP Helps Fortune 500 Navigate Trade Disruption with AI-Powered Tariff Modeler
100+ Fortune 500 clients leverage KPMG AI-powered tariff tool for real-time trade policy scenario planning Global platform unifies data across departments and borders, helping companies navigate trade uncertainties and identify opportunities Tool has helped save clients hundreds of millions of dollars through strategic tariff planning New York, New York--(Newsfile Corp. - May 3, 2025) - KPMG LLP, the U.S. audit, tax, and advisory firm, has unveiled the KPMG tariff modeler, a breakthrough generative AI-powered tool on the KPMG Digital Gateway platform, powered by Microsoft Azure. More than 100 Fortune 500 and top private equity clients are already implementing the tool to prepare for and respond to ongoing trade policy changes. The big picture: As companies of all sizes grapple with navigating an increasingly complex trade and tariff landscape, wrangling trade data and extracting real-time insights has become more critical than ever before. "Today's volatile global trade landscape requires companies to fundamentally rethink how they anticipate and respond to policy shifts," says Rema Serafi, Vice Chair - Tax, KPMG LLP. "By leveraging AI to transform vast streams of global trade data into actionable intelligence, organizations can rapidly model complex scenarios and make more informed decisions. Those who embrace this AI-powered approach will not only navigate current uncertainties but also position themselves to capitalize on emerging opportunities in this new normal of trade complexity." Why it matters: In today's environment, the Digital Gateway platform and the interactive tariff modeler dashboard provide critical capabilities for C-suite leaders to: Transform uncertainty into structured, analyzable scenarios Enhance preparedness for announced and potential trade actions Enable more strategic supply chain and sourcing decisions Identify potential duty mitigation strategies within existing regulations Access a platform for ongoing review of supplier tariff costs Deliver actionable insights to protect operational continuity and financial outlook Mary Rollman, Advisory principal and Supply Chain Leader, KPMG LLP, adds:"This tool represents our commitment to providing strategic, AI-powered solutions coupled with KPMG's cross-functional expertise in supply chain, consulting, tax, finance and more. This powerful combination helps clients navigate uncertainty with confidence, further enhancing the capabilities of Chief Supply Chain Officers and other leaders while amplifying their strategic impact across the organization." Bottom line: With the KPMG tariff modeler, companies can enhance their preparedness for trade disruption, potentially minimize financial impacts, and maintain strategic focus despite policy uncertainty. To learn more, click here. About KPMG LLPKPMG LLP is the U.S. member firm of the KPMG global organization of independent member firms providing audit, tax and advisory services. The KPMG global organization operates in 142 countries and territories and has more than 275,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to is widely recognized for being a great place to work and build a career. Our people share a sense of purpose in the work we do, and a strong commitment to increasing access to education and opportunity, advancing mental health, and supporting community vitality. Learn more at ### Media ContactErica Leeericalee3@ To view the source version of this press release, please visit Sign in to access your portfolio
Associated Press
01-05-2025
- Business
- Associated Press
KPMG LLP Helps Fortune 500 Navigate Trade Disruption with AI-Powered Tariff Modeler
New York, New York--(Newsfile Corp. - May 1, 2025) - KPMG LLP, the U.S. audit, tax, and advisory firm, has unveiled the KPMG tariff modeler, a breakthrough generative AI-powered tool on the KPMG Digital Gateway platform, powered by Microsoft Azure. More than 100 Fortune 500 and top private equity clients are already implementing the tool to prepare for and respond to ongoing trade policy changes. The big picture: As companies of all sizes grapple with navigating an increasingly complex trade and tariff landscape, wrangling trade data and extracting real-time insights has become more critical than ever before. 'Today's volatile global trade landscape requires companies to fundamentally rethink how they anticipate and respond to policy shifts,' says Rema Serafi, Vice Chair - Tax, KPMG LLP. 'By leveraging AI to transform vast streams of global trade data into actionable intelligence, organizations can rapidly model complex scenarios and make more informed decisions. Those who embrace this AI-powered approach will not only navigate current uncertainties but also position themselves to capitalize on emerging opportunities in this new normal of trade complexity.' Why it matters: In today's environment, the Digital Gateway platform and the interactive tariff modeler dashboard provide critical capabilities for C-suite leaders to: 'The KPMG platform has transformed our approach to trade disruption. Instead of reacting to policy changes after they're announced, we now have pre-analyzed scenarios ready to activate, allowing us to minimize potential impacts and understand our global footprint,' says Matt Lilac, Customs and Indirect Tax Lead, Qualcomm. Mary Rollman, Advisory principal and Supply Chain Leader, KPMG LLP, adds: 'This tool represents our commitment to providing strategic, AI-powered solutions coupled with KPMG's cross-functional expertise in supply chain, consulting, tax, finance and more. This powerful combination helps clients navigate uncertainty with confidence, further enhancing the capabilities of Chief Supply Chain Officers and other leaders while amplifying their strategic impact across the organization.' Bottom line: With the KPMG tariff modeler, companies can enhance their preparedness for trade disruption, potentially minimize financial impacts, and maintain strategic focus despite policy uncertainty. To learn more, click here. About KPMG LLP KPMG LLP is the U.S. member firm of the KPMG global organization of independent member firms providing audit, tax and advisory services. The KPMG global organization operates in 142 countries and territories and has more than 275,000 people working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients. KPMG is widely recognized for being a great place to work and build a career. Our people share a sense of purpose in the work we do, and a strong commitment to increasing access to education and opportunity, advancing mental health, and supporting community vitality. Learn more at ### Media Contact Erica Lee [email protected] 551-380-0827 To view the source version of this press release, please visit
Yahoo
27-02-2025
- Business
- Yahoo
KPMG LLP Launches KPMG Law US, The First Big Four Law Firm Serving The US Market
•First US Big Four law firm delivering integrated technology, scale, and legal solutions•Global reach through established legal practices across more than 80 KPMG network member firms•AI-powered solutions enabling legal teams to focus on strategic priorities New York, New York--(Newsfile Corp. - February 27, 2025) - Today, KPMG LLP, the U.S. audit, tax, and advisory firm, launched KPMG Law US, a subsidiary of KPMG LLP, marking a milestone as the first law firm owned by a Big Four firm to serve the US market. The legal services market is experiencing rapid growth and transformation. Many businesses aim to transform their legal operations to gain a competitive advantage. KPMG Law US combines the technological capabilities of KPMG LLP with legal services to address the evolving needs of legal departments, backed by the firm's trusted legacy of delivering solutions when they matter most. KPMG Law US plans to deliver a focused set of technology-enabled legal services powered by artificial intelligence and KPMG Digital Gateway, building upon the firm's established Legal Business Services practice. The new law firm will collaborate with the KPMG global network of law firms already operating in more than 80 jurisdictions. Together, KPMG Law US and KPMG LLP will provide legal managed services, legal operations consulting, and advanced legal technology innovation, to help clients gain efficiencies and empower their legal teams to concentrate on strategic priorities. "KPMG Law US is uniquely positioned to transform the delivery of legal services," said Rema Serafi, Vice Chair - Tax, KPMG LLP. "By combining cutting-edge artificial intelligence and advanced technology solutions with legal services, we are proud to be a first mover with this capability and to offer the most holistic range of tech-enabled services in the marketplace for our clients' evolving needs." Building on the established presence of KPMG LLP in Arizona, where more than 100 clients are currently being served, KPMG Law US will operate as an independently managed subsidiary of KPMG LLP and maintain strategic alignment with the KPMG LLP Tax practice. This approach combines innovation with the longstanding KPMG LLP commitment to quality, ethics, independence, and professional standards, so clients may benefit from comprehensive, integrated professional services. For more information about KPMG Law US and its services, visit About KPMG LLP KPMG LLP is the U.S. firm of the KPMG global organization of independent professional services firms providing audit, tax and advisory services. The KPMG global organization operates in 142 countries and territories and has more than 275,000 people working in network member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients. KPMG is widely recognized for being a great place to work and build a career. Our people share a sense of purpose in the work we do, and a strong commitment to increasing access to education and opportunity, advancing mental health, and supporting community vitality. Learn more at ### Media ContactErica LeeEricalee3@ Taylor OvalleTovalle@ To view the source version of this press release, please visit Sign in to access your portfolio
