AI-driven finance solutions for government
Explore how AI-enhanced Finance-as-a Service helps transform financial operations by lowering expenses and enhancing productivity. Discover how KPMG customizes solutions to foster growth.
Elevate finance with the next generation of managed services
In today's fast-paced and intricate world, staying on track is a formidable challenge for leaders. Constant changes in costs, technology, talent, risks, and competition seem to be the only constant. Rather than aiming to get ahead, the focus often shifts to simply keeping up.
Nowhere is this struggle more pronounced than in the finance function. Finance teams must control costs, ensure regulatory compliance, optimize strategic investments, and deliver timely insights. But they must also leverage new technologies and support innovations for their own operations and the government overall. It’s a high-demand balancing act that has overwhelmed many finance teams amid skills gaps, outdated systems, and stubborn operational inefficiencies.
The result: A growing divide between what’s expected of finance teams and what they are producing. To bridge this gap, many organizations are turning to modern managed services as a way to rapidly elevate key finance functions, resolve pain points, improve productivity, and accelerate growth.
It’s an approach that KPMG calls Finance-as-a-Service (FaaS), and it’s delivered with an AI-first mindset from Day 1. This model provides organizations with agility and flexibility by offering full-service coverage across finance’s key functions.
Organizations deliver significant results
The FaaS model is delivering significant results. In our research and work with clients, we have seen FaaS helps achieve:
50%
improvement in productivity
100%
controls compliance
70%
improvement in accounting productivity
50%
more accurate forecasts
5X
faster planning cycles
3X–5X
improved returns on capital
Why choose Finance-as-a-Service?
Finance as a Service (FaaS) is an enhanced service delivery model that gives agencies and OCFO organizations rapid access to highly skilled talent and leading-edge technologies. FaaS helps agencies transform their finance operations by deploying powerful AI capabilities and cloud-based solutions, guided by skilled teams that bring significant domain and industry expertise. FaaS delivers robust, full-service coverage across finance’s three core functions—with impressive results:
These are the critical day-to-day details of finance operations: inventory management, invoice tracking, revenue collections, contract management, and more.
By linking directly with the transactional processes, FaaS users dramatically improve the speed, accuracy, and efficiencies of closing the books.
This is AI-enabled FP&A, delivering faster, more accurate, and more valuable planning and insights for the entire organization.
Benefits of FaaS
The FaaS model enables organizations to elevate their Finance operations and generate results quickly. Services are uniquely designed and deployed to match each organization’s needs, delivered by skilled professionals who bring both industry and functional know-how. This enhanced new approach to Finance enables government to focus on their mission statement, with several benefits:
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Begin your journey towards AI-driven success with KPMG Finance-as-a-Service
Our finance professionals design and deploy solutions that meet each client’s unique needs in the three core finance functions: transactions, financial close, and financial planning and analysis. These solutions are embedded with the latest AI, cloud, and enterprise data capabilities from the start. Every custom solution leverages our significant functional and industry experience.
We then fully manage these core operations on an ongoing basis, working closely with clients to continuously optimize costs, generate impactful insights, and increase productivity and profitability.
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