KPMG Aggregation Reporting Tool (KART)
Learn about how KART helps businesses extract just the data they need for fast, accurate divesture reporting.
Getting the data you need to evaluate deal opportunities and meet reporting requirements is one of the most critical and complex steps of adjustments, acquisitions and divestitures. The KPMG Aggregation and Reporting Tool (KART) has helped streamline and simplify the acquisition and business divestiture reporting process for more than 50 organizations.
Both powerful and flexible, KART is a financial data aggregation tool that extracts from multiple, incompatible sources and platforms with speed and ease, making the acquisition and corporate divestiture reporting process smoother, more transparent and more accurate.
When does KART come into play?
Equity carve-outs: Think you’ve finalized your deal structure? What if a new attractive bidder enters the fray? What if a regulatory agency asks for changes? KART lets you plug in different elements to the deal structure and pull in data from multiple sources and formats with ease.
Purchase accounting: When there’s a gap between historical value and what you just paid, with thousands of transactions in between, KART provides a fast, accurate way to aggregate the data, make adjustments and see the results before you enter changes into your books.
Restatements: Analyzing system data from 5,000 contracts to identify the 500 precise adjustments for a restatement may sound like an onerous task. But not for KART. It’s as flexible as it is powerful, allowing you to explore different options and outcomes simply and quickly, and providing a clear audit trail.
CECL (Current Expected Credit Loss): When you are going through adoption of the new credit loss standard, KPMG recommends a period of internal parallel reporting to make sure there is sufficient comfort with the new credit risk modeling results and volatilities. Dual reporters have a need for a temporary solution for multi GAAP parallel reporting with IFRS 9. The KART tool provides a flexible, ready to deploy and stable tool designed specifically for a client's use for parallel reporting processes. KART comes with scalable full financial statement reporting capabilities that can help your company address the complicated period during a new standard adoption.
IPOs: Before you take a piece of your business public, you need to be ready to separate it in terms of historical financial position, operations costs and cash flow. KART can help extract the needed financial information quickly and accurately.
Built-in controls: Both buyers and sellers want to avoid surprises. KART’s built-in controls prevent common reporting errors that slow down deals. It won’t allow mistakes that are typical with more rudimentary programs based on spreadsheets. This high degree of accuracy results in a clear, clean audit trail and simple reconciliations.
Multiple financial reporting views: If you’re involved in a carve-out, KART can give you a clear picture. It provides management with the ability to generate multiple financial reporting views, making it easier to evaluate potential deal opportunities and reconcile between the various financial reports needed for an M&A divestiture.
Flexibility and speed: KART is flexible enough to test various deal structures and quick enough to let you make adjustments on the fly. Structured and unstructured data types are pulled from multiple sources and user formats, and changes can be plugged in seamlessly. And it provides standard or customized reports so you can more easily respond to bidder or regulatory agency requests.