Organizations are consistently being asked by their stakeholders to reduce risks, improve business performance, minimize costs and enhance revenue.

KPMG helps organizations manage their business risk associated with internal processes or third-party contracts by streamlining processes and improving controls – minimizing revenue leakage and reducing costs.

Our experienced professionals can also help clients develop the necessary information relating to customer, product and/or business line costs and profitability – reducing the risk associated with critical business decisions.

KPMG professionals can help:

• Established performance benchmarks and key performance indicators that are clearly aligned with business objectives
• Determine the true profitability of products, service and customers, and establish performance and cost measurement systems
• Establish internal transfer pricing methodologies and charge-backs to user groups
• Identify risk reduction and performance improvement opportunities
• Design and implement process redesign and shared service models
• Drive the sourcing strategy, vendor selection, contract negotiation and transition phases of outsourcing and off shoring initiatives
• Maximize the value of existing third-party contracts

Finance function effectiveness

Today’s environment is a challenging one for finance departments. There is increased scrutiny by multiple stakeholders on the accuracy and timeliness of forecasts, projections and financial results.

At the same time, while the finance function’s value-add to the business is expected to continually improve; there are often internal pressures to look for opportunities to reduce costs.

KPMG can act as a comprehensive ‘CFO Adviser,’ – assisting finance departments to capitalize on new processes and technologies that effectively balance performance improvement, risk and controls. We can help transform the finance department and align its objectives more closely with overall business goals.

KPMG professionals can help:

• Improve performance and reduce risks surrounding the planning and budgeting, forecasting, close and reporting processes
• Transform the finance department or individual finance processes to meet unique business needs by:

- Identifying areas for risk reduction and performance improvement

- Determining an improvement approach - process/control redesign, shared service models, outsourcing and/or off shoring – that best meets the business need

- Implementing efforts for process/control redesign and shared service models

- Driving the sourcing strategy, vendor selection, contract negotiation and transition phases for outsourcing and off shoring initiatives

• Maximize the value of existing third-party contracts through contract compliance and contract renewal support

Information technology effectiveness

The capability of the information systems employed by most organizations today is remarkable yet, for the most part, underutilized. Operational excellence supported by information technology'is crucial to achieving competitive advantage. This is now driving organizations to enhance their management of technology for improved risk management and governance, increased levels of customer service and operational cost reduction.

KPMG can act as a comprehensive ‘CIO Adviser,’ to help your organization improve its value for money from information technology, incorporating emerging standards in the design and structuring of processes, accountabilities and measurement in order to align technology with your business needs. We help organizations capitalize on new processes and technologies that effectively balance performance improvement, risk and controls.

Is your organization seeking to reduce risks, improve service in the information technology function or improve how the business uses information technology?

KPMG professionals can help:

• Focus on business-driven governance and usage of enabling information systems
• Transform the Information Technology department or individual information technology processes to meet unique business needs by:

- Identifying areas for risk reduction and performance improvement

- Determining an improvement approach – process/control redesign, shared service models, outsourcing and/or off shoring – that best meets the business need

- Implementing efforts for process/control redesign and shared service models

- Driving the sourcing strategy, vendor selection, contract negotiation and transition phases for outsourcing and off shoring initiatives

• Review the compliance of key vendors and partners with contractual and business terms and requirements.

For further information on KPMG's Advisory Services, please contact us.