Revolutionize financial operations in government with AI solutions
Achieve growth by utilizing our Finance AI Solutions, which harness AI, cloud computing, and automation to enhance financial operations and planning
Learn how Finance-as-a-Service works
Modern managed services for finance empower organizations with robust new skills and technology-enabled capabilities that can transform their finance functions and generate new value.
AI-driven finance solutions: Navigating the innovator's dilemma
Finance teams today have a wealth of innovations and opportunities at their fingertips, including generative AI, cloud-based systems, data virtualization, process automation, predictive models, and much more. These technologies promise to help finance teams tackle persistent challenges and become more influential partners within the organization.
Yet for many finance leaders, all that potential remains stubbornly out of reach. It’s not a question of whether innovation can help—most agree that transforming their operations is essential. Their real dilemma is more practical: “How do we make it happen?”
Indeed, many finance teams are already struggling to cover their core responsibilities amid persistent cost, talent, and bandwidth pressures. When can they find time to innovate?
How Finance-as-a-Service helps organizations deliver significant results
The FaaS model is delivering significant results. In our research and work with clients, we have seen FaaS help achieve:
50%
improvement in productivity
95%
automation of reconciliations
100%
controls compliance
50%+
improvement in forecast accuracy
5X
faster planning cycle
3-5X
improvement in return on investment capital
Dive into our thinking:
Learn how Finance-as-a-Service works
Read the reportHow finance AI solutions drive innovation and efficiency
To mitigate their multiple challenges, finance leaders are seeking new and often radically different strategies to help them break the pileup of persistent issues that continue to be a drag on performance. Many are outsourcing key finance functions to leading practice service delivery providers in an approach that KPMG calls Finance-as-a-Service (FaaS). The FaaS model has quickly demonstrated that it can accelerate innovations and deliver impactful results by helping finance teams:
- Improve costs by reducing legacy tech debt, streamlining infrastructure, and freeing up investment for scalable, cost-effective solutions.
- Optimize data via advanced tools to unify data, ensure accuracy, and leverage AI to increase automation and strengthen governance.
- Enhance insights with intelligent forecasting tools and real-time analytics to support faster decisions, better reporting, and improved financial outcomes.
- Access leading edge tech and deploy new systems quickly with highly skilled support to ensure smooth adoption and maximize returns on AI and cloud solutions.
- Close talent gaps by leveraging much-needed skills at scale to quickly elevate performance, support growth, and upskill in-house teams.
FaaS end-to-end coverage across finance’s essential operations
FaaS focuses on providing full-service continuity by tightly connecting and fully managing finance’s three overall functions: transactions, closing, and financial planning and analysis (FP&A). Crucially, the FaaS model is embedded with powerful AI capabilities and cloud-based solutions from the start, ensuring organizations always have access to the latest technologies. Here’s a closer look at the three tightly connected service delivery areas:
This covers the critical day-to-day details of finance operations: inventory management, invoice tracking, revenue collections, contract management, and more. FaaS providers significantly streamline these essential processes with customized application modules that are tailored to each client’s agency and needs, leveraging AI and the cloud to improve the speed and performance of transaction management.
This suite of services deploys AI-powered machine learning, process automations, and GenAI outputs to empower teams to significantly improve the speed and accuracy of closing cycles. Specific modules are customized to meet client needs, accessing all required data in the cloud. The entire closing process is managed by the FaaS provider in tight coordination with the organization’s finance leaders.
Welcome to next-generation FP&A. This suite of services is the engine room of intelligent performance, with the FaaS provider working with the organization’s senior leaders to deliver enhanced insights and timely forecasts that support strategic planning. This is done with levels of speed and excellence that allow the organization to pursue new opportunities with significantly more operational agility.
Customized FaaS solutions: Choose your path
KPMG provides two dynamic options for deploying our Finance-as-a-Service (FaaS) model, tailored to meet your organization’s unique needs:
- Built and fully managed, with KPMG professionals designing, deploying, and managing all required services on an ongoing basis.
- Built-to-own, with KPMG handling design and deployment and then transferring the services back to the client over time as their in-house teams get up to speed.
No matter which path you choose, KPMG ensures a seamless integration of FaaS that empowers your organization to thrive.
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Begin your journey towards AI-driven success with KPMG FaaS
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. And, every custom solution leverages our significant functional and industry experience.
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