KPMG and Workiva, the data collaboration specialists, have formed a new alliance that will help clients transform processes through Workiva's Wdesk solution.
The collaborative platform will allow KPMG to integrate a streamlined offering for organisations wishing to transform and integrate their risk management, regulatory and financial reporting and compliance processes.
With cloud-based capabilities for automation, synchronised data, controlled collaboration and real-time data monitoring, Wdesk users are able to improve productivity and accountability.
"Increased scrutiny from regulatory authorities is stretching organisational resources and the bottom line," said Greg Bell, Global Cyber Security 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."
Marty Vanderploeg, CEO of Workiva, added: "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.
"By working together, we will help organisations gain insights, make data-driven decisions and ultimately drive better business outcomes."
A new KPMG report, Innovating Compliance through Automation, has found that 90% of CIOs and Chief Compliance Officers surveyed said they plan to increase spending for compliance automation in the coming years.