To achieve the desired return on investment (RoI) and stakeholder value, companies should seek to implement the solution that helps integrate and streamline business processes and technology. This could help companies realise potential process and control efficiencies, cost reductions, timely regulatory compliance and effective performance management. Data analytics tools, such as OFSAA, help financial institutions process account-level data to prepare regulatory returns related to risk and finance as well as prepare management dashboards related to performance measurement at various levels in an organisation. Therefore, to realise these potential benefits, organisations need to align Oracle functionality with their management objectives and business goals.
Implementing Oracle-based solutions
Such as Enterprise Resource Planning (ERP),Human Capital Management(HCM ) , Enterprise Performance Management(EPM) or Oracle Financial Services Analytical Applications (OFSAA) is an investment and effort that begins with strategic planning and extends into implementation and beyond.
Our Offerings
Client Stories
Our Financial Sector focus includes the following:
From India to the world
We have worked on assignments with our global member firms in the Oracle space across North America, Europe, the Middle East, Africa and South East Asia, and thus are able to incorporate leading global methodologies and approaches into our delivery. Our member firms in more than xx countries combine deep understanding of business practices and client relationships built over many years into our technology offerings, thereby creating a unique value offering.
Potential benefits from KPMG in India’s offerings
Through the deployment of the above-mentioned services, KPMG in India's Oracle advisory team has brought about real-time value to its existing clients across industries such as banking and financial services, industrial manufacturing, automotive, telecom, infrastructure and IT/ITeS. We create enterprise solutions that are aligned to business objectives with processes and functioning on an improved controls framework delivering long-term value. We help clients navigate through each stage of the Oracle implementation project, helping boost the business value and RoI.
We empower organisations to use their systems and application-related investments to:
- Improve capability to generate timely and accurate information
- Enhance business decision-making capability
- Increase reliance on efficient and automated controls
- Enhance regulatory compliance at a lower cost
- Efficiently manage business risk
- Experience a well-planned and managed implementation or upgrade
- Enhance the value realised from the Oracle solution.
Our objective and independent approach enables us to adopt a more robust methodology for the implementation – an approach that can help enhance project benefits, reduce risks and thus deliver value to your organisation.
Accolades
KPMG is an Oracle Platinum Partner and our consistent performance across the Oracle ecosystem and our stellar efforts in making significant headway in Fusion has resulted in KPMG being recognised as an Oracle Cloud Elite Partner globally.
Our work in Oracle’s cloud applications in India has been recognised through multiple awards being conferred on KPMG in India by Oracle.
- Oracle HCM Partner of the year for 2019
- Oracle SaaS Partner for the year in India for 2016
- Oracle CX Partner of the year in India for 2016
- Oracle Applications India Partner of the year for 2015
- KPMG in India’s work in OFSAA project won ‘Best Risk Data & Analytics Technology Implementation Award of the Year’ in 2018 while competing against banks from Asia Pacific, Africa and the Middle East.
Why KPMG in India?
KPMG in India's Oracle advisory services professionals combine in-depth domain, business, finance and accounting experience with technical and functional Oracle knowledge.
- We speak the same language - our perspective across industries helps meet specific business and regulatory requirements
- We have done it before - understanding of business/financial controls that helps put IT controls in context
- We understand what organisations value - well-planned and managed implementation
- We understand risk - knowledge of regulations (privacy, security) that affect Oracle requirements
- We are a qualified team of Oracle-certified practitioners
- We are a global network - access to resources from KPMG International's global network of member firms in more than 15 countries. These resources possess detailed knowledge of local markets, regulatory requirements and taxation. We also have a centre of excellence in Bengaluru to aid and support our implementation and support services.
Life insurer places new premium on customer-centric services
Max Life Insurance
A growing middle class, young insurable population and increased awareness of the need for protection and financial planning for life stage needs are driving the life insurance sector in India to new heights and customer service is key. To keep up with this evolving market demand, Max Life Insurance needed to digitize its business to serve customers faster and more efficiently – and drive significant growth plans – it chose KPMG in India to transform operations via single, streamlined enterprise resource planning (ERP) platform.
The result? Max Life digitized and automated an array of business and financial processes – boldly propelling the company into the 21st century and forging significant new competitive advantages. The new Oracle based solution instantly delivers a 360-degree view of business and financial data while providing critical new insights via analytics. Beyond creating dramatic new time and cost efficiencies for the client, KPMG in India created a customized self-serve system that allows Max Life’s 9,500 employees to easily manage travel bookings and expense accounts.With ambitious growth plans on the horizon, Max Life is now solidly positioned to take its business to the next level in the digital age.
We know how to exploit technology.
