KPMG and Metro Bank announce SME tie-up

KPMG and Metro Bank announce SME tie-up

KPMG and Metro Bank have confirmed an alliance which will see their accountancy and banking operations combine for SMEs

KPMG SMALL BUSINESS ACCOUNTING and Metro Bank have confirmed an alliance which will see their accountancy and banking operations combine.

The pair claim the tie-up will provide small businesses with quick and easy access to expert advice and services, a move they say will “significantly reduce the hurdles presented by financial red tape”.

KPMG has made a great play into the SME market in recent months. In August, it confirmed an alliance with peer-to-peer business lender MarketInvoice, and in October last year invested £40m in its enterprise offering.

Under the deal, Metro Bank is available online seven-days-a-week for business owners, with access to a local lender in their community. They will also have access to KPMG’s Small Business Accounting service, which includes a dedicated KPMG accountant. As a result, KPMG and Metro Bank claim to be able to save up to 45 days a year dealing with financial bureaucracy.

KPMG head of small business accounting Bivek Sharma commented: “With over a third of decision-makers spending more than one day a week tackling admin and red tape, it is not surprising that SMEs see reducing regulation as the number one priority for government to tackle.

“Our new alliance minimises the time businesses have to spend confronting bureaucratic hurdles. Saving eight and a half hours a week; 34 hours a month; 45 days a year, we’re giving business owners time back to focus on growing their business and achieving their goals.”

Whitepaper

The Future of Finance is in the CFO's Hands

Business The Future of Finance is in the CFO's Hands

3m
Save a Week a Month Consolidating Accounts

Accounting Software Save a Week a Month Consolidating Accounts

4m
Mitigating Risk Through Internal Control

Legal Mitigating Risk Through Internal Control

5m
Could tax season have run more efficiently?

Corporate Tax Could tax season have run more efficiently?

5m

Related Articles

FRC audit inspection finds no improvement on last year

Accounting Firms FRC audit inspection finds no improvement on last year

2w Chris Jewers
KPMG replaces PwC as Croda auditor

Accounting Firms KPMG replaces PwC as Croda auditor

2y Emma Smith, Managing Editor
FRC closes KPMG HBOS audit investigation, Treasury Committee expects ‘full explanation’

Accounting Firms FRC closes KPMG HBOS audit investigation, Treasury Committee expects ‘full explanation’

2y Emma Smith, Managing Editor
Deloitte rises in auditor rankings with most FTSE 250 clients

Accounting Firms Deloitte rises in auditor rankings with most FTSE 250 clients

2y Alia Shoaib, Reporter
Partner joins BDO from KPMG

Accounting Firms Partner joins BDO from KPMG

2y Alia Shoaib, Reporter
EY hired by Carillion to review finances

Accounting Firms EY hired by Carillion to review finances

2y Alia Shoaib, Reporter
Introduction to KPMG UK’s new leadership team

Accounting Firms Introduction to KPMG UK’s new leadership team

2y Emma Smith, Managing Editor
FRC launches investigation into KPMG’s Rolls-Royce audit

Accounting Firms FRC launches investigation into KPMG’s Rolls-Royce audit

2y Emma Smith, Managing Editor