KPMG helped a global bank holding company advance its procurement function as part of its market-winning strategy.
This global bank holding company successfully anticipates change. The company maintains its competitive position through continuous preemptive innovation, whether in hiring practices, agile business process design, digital commerce options, or hybrid retail outlets that combine banking with a café experience. When the company asked KPMG for help in refining its e-procurement function, the bar was set implicitly high: Put a strategic solution into place for the “smartest folks in the room.”
KPMG combined its KPMG Powered Enterprise framework with a Coupa e-procurement cloud platform. Our client received the immediate procurement enhancements it required, delivered with speed and efficiency. Working with KPMG, the company also received something more: a team matched to its ambitions and able to respond as it thinks and acts “five moves ahead.”
KPMG has helped the holding company to realize its strategic procurement vision at a level appropriate for an organization that asks not only “What challenges do we need to meet today?” but also “What solutions do we need to anticipate 5, 10, and 15 years from now?” Specific benefits include the following:
KPMG used the prebuilt components of Powered Enterprise to configure a Coupa P2P cloud solution to the company’s specifications of process standardization, a simplified user experience, and improved expedited reporting. KPMG:
KPMG uses technology alliances with providers like Coupa to deliver immediate product and company insight to clients. They benefit from our strong day-to-day working relationship with our technology partners and dozens of jointly undertaken cloud migrations.
Clients who undertake strategic procurement initiatives value granular, technical expertise in functions such as procure-to-pay, source-to-pay, general ledger, accounts payable, and general ledger. We use dynamic frameworks like KPMG Powered Procurement to quickly deliver the distilled sum of our experience and insight in these areas.
KPMG works with forward-looking clients from an understanding that delivered results are just the beginning of a longer journey. The specialized insight, scale, stamina, and flexibility of KPMG empower them to keep pushing the envelope in their industries.
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