Big 4 | Tax Technology
August 05, 2024
KPMG LLP Forms Strategic Alliances with Cryptio, Dataiku, and Avalara to Enhance Digital Capabilities
Increased focus on AI adoption, Crypto asset accounting and tax compliance.
KPMG LLP, a U.S. audit, tax, and advisory firm, has announced three significant strategic alliances with Cryptio, Dataiku, and Avalara to help companies enhance their digital capabilities across various domains, including crypto-asset accounting, AI adoption, and tax compliance.
KPMG AND CRYPTIO
KPMG is partnering with Cryptio, a leading crypto accounting software platform, to help companies establish robust controls and improve the accuracy of their crypto-asset accounting. Obtaining accurate and comprehensive on-chain data is crucial for meeting financial reporting standards, especially as best practices for crypto accounting and auditing evolve in the United States. This strategic alliance aims to empower enterprises and institutions to navigate the complexities of the digital asset landscape. Cryptio’s cutting-edge technology enables companies to maintain complete and auditable data, while KPMG offers deep industry knowledge to help businesses enhance internal controls and meet financial reporting standards. KPMG´s collaboration with Cryptio is particularly significant for financial institutions and enterprises embracing the digital asset space.
KPMG AND DATAIKU
KPMG has also formed a strategic alliance with Dataiku, the Universal AI platform, to modernize analytics and accelerate the adoption of AI technologies by enterprises. The collaboration leverages Dataiku's comprehensive AI platform and KPMG's experience in cloud migration, platform modernization, and AI Governance. This alliance aims to help data leaders securely and efficiently advance their AI strategies, including Generative AI, by addressing challenges such as outdated analytics systems, underused cloud commitments, and the need for trusted AI and stringent AI Governance.
KPMG AND AVALARA
In another strategic move, KPMG has partnered with Avalara, a provider of tax compliance automation software. This alliance is designed to deliver greater value to enterprise businesses across industries by combining Avalara's compliance automation technology – including indirect tax calculation, returns, exemption certificate management, cross-border compliance, e-invoicing, and registrations – with KPMG's deep expertise in tax consulting, advisory, and ERP implementation capabilities. The goal is to improve tax compliance management, operational efficiency, and risk management for enterprises.
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