One of the big four firms has today confirmed it has entered, and has major plans for, the professional services software market.
Big four makes official moves in software space
KPMG Australia today announced the first live offerings from its new digital services platform.
This officially marks its entry into the professional services software market, following significant international partnerships with software and technology companies such as Microsoft and Xero.
KPMG's R&D Edge, a research and development tax management service, and ESS Reporter, which streamlines how international companies manage employee share schemes in Australia, have been released.
They are currently being used by approximately 100 clients.
"KPMG has officially entered the software business," said chief executive Gary Wingrove.
"We're taking our IP from our service offerings and combining these on a single platform with cognitive, big data and cloud technology."
Mr Wingrove said the move heralds a shift in focus around innovation and client experience for KPMG.
"Critically, each product we design and build locally will soon be available to clients around the world who have, or do, business in Australia," Mr Wingrove said.
"They will be delivered via a new global platform – rather like an app store – known as KPMG Spectrum.
"Under this global initiative, software is developed by KPMG member firms around the world using a shared cloud-based platform, and leveraging the firm's global alliance with Microsoft."