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02 Oct 2008
KPMG is set to roll out a standardised IT system across the world, its European CIO said.
But the plans do not entail the creation of a formal global firm, Bryan Clark said, at least not in the short term.
The firm is just a couple of years away from rolling out systems to standardise business processes across the world.
Clark said that significant investment had been made to ensure a common set of processes worldwide.
The firm does not have ‘short-term goals’ to create a global enterprise, but ‘the KPMG brand represents global consistency’, he said.
‘Ultimately what we’re about is getting a consistent service to our clients… so it’s the art of the possible. Regional consolidation is absolutely the right way to do this,’ said Clark.
KPMG Europe chose Germany’s SAP system over the UK’s incumbent Oracle system to roll out across the business, with the rest of the globe taking on the same processes over the next two years.
Spanish consolidation into the European firm will be more straightforward. ‘The list of jobs is easy to define and, while the Spanish firm is a significant enterprise, it’s not as big as the already merged organisations.’
Spain officially joined KPMG Europe this week to create a 23,000 partner firm across 75 offices with revenues in excess of t4.2bn (£3.3bn) in 2007.
The firm is set to report its numbers in euros, with the UK firm filing its accounts to Companies House.
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Briefings
By looking at the reasons supplier statements became unfashionable, and the reasons why it is different today, this paper delves into the many benefits that can be obtained by automating the process.
Having a real and true view of your organisation’s current financial position, and having the right systems and processes in place, will ensure that you can make strong choices and are ready to capitalise on opportunities
AccountancyAgeInsight is a frequently updated resource centre for finance professionals, offering a free and easy-to-use digital library of briefings, white papers and other information resources. 
Visitor comments Add your comment
Less common and less straightforward than you'd hope
I suspect that these "common processes" worldwide will turn out to have less in common that a casual reader would expect. And that they be a lot less straightforward to implement and maintain than KPMG would have us believe.
Posted by: Barnstormer, 06 Oct 2008 | 00:00