In a time of intense digital transformation, CEOs are laser focused on what they can do to improve business performance. Strengthening ties between all areas of an organization is crucial to make this happen, but there is still a long way to go to get there.
In the KPMG global tech report 2022, more than 2,200 technology executives and industry experts shared what they’re doing to strengthen digital maturity in their businesses. Sixty-two percent of respondents indicated they still must remove silos between functions in their organizations. By re-engineering enterprise technology and breaking down barriers between departments, companies can help improve customer experience. Additionally, designing new ways of working to nurture seamless internal collaboration has become a key differentiator in today’s business landscape.
When coupled with a proper business strategy, technology is a key component to building a connected enterprise. But organizations cannot do this alone. In the KPMG 2022 CEO Outlook, we surveyed more than 1,300 global CEOs across 11 markets. Almost three-quarters of respondents agreed that partnerships are an important means to help with digital transformation. Many also said building strategic alliances with third parties is an effective way to help reach their growth objectives over the next 3 years.
That being said, for many organizations there’s still work to do in building effective alliance ecosystems to drive business transformation and better connect all aspects of operations.
Accelerating business transformation with alliances, partnerships and ecosystems
At KPMG, we have built alliance relationships with leading tech vendors, engineering firms and specialist organizations in areas such as cloud transformation, cyber security, data and analytics, environmental, social and governance (ESG), and regulatory compliance.
Together with our alliances, we co-innovate to create industry-focused digital solutions that combine KPMG professionals’ business expertise with the advanced trusted technology of our alliance partners to help organizations enable connected, customer-centric transformation in a secure and scalable environment.
For example:
- KPMG Global Legal Services is building an ecosystem of alliances with some of the world’s leading technology, data and services companies, including Microsoft and Intapp, uniting the complementary capabilities of each organization into a powerful platform for delivering legal services.*
- KPMG and Salesforce are working together to deliver better patient experiences and equitable care through new Patient 360 for Health innovations, streamlining solutions that can help increase value, cost savings, and efficiency for clients.
- KPMG is a launch partner for the Industry Accelerators for Banking and Healthcare from Workday that help clients in those industries transform business processes, simultaneously lowering risk during technology migrations and enhancing access to faster innovation.
These are just a few recent projects that demonstrate how collaboration between companies can bring leading capabilities together to help create results that extend beyond what one organization can achieve alone.
Every day in my new role as Global Head of Alliances, I see how alliance relationships, combined with KPMG technology solutions and sector or functional knowledge, can help make businesses more resilient. When all aspects of a business are aligned, it’s easier to connect with your people and customers, and be able to move quickly to take advantage of change and opportunities.
The list of issues keeping CEOs and their teams awake at night never seems to get shorter. By leveraging a strong alliance ecosystem and working together with like-minded organizations, you can embrace change and help strengthen your business — even in uncertain times.
Some or all of the services described herein may not be permissible for KPMG audit clients and their affiliates or related entities.
Throughout this [document/film/release/website], “we”, “KPMG”, “us” and “our” refers to the global organization or to one or more of the member firms of KPMG International Limited (“KPMG International”), each of which is a separate legal entity.
*Legal services may not be offered to SEC registrant audit clients or where otherwise prohibited by law.
