Regulatory reporting and tax compliance can be manual and labor-intensive, which can lead to discrepancies, delays, and high costs. To address these concerns, KPMG is leading the Intelligent Automation initiative by automatically applying subject-matter expertise on tax and regulatory reporting to client data. With its Digital Labor Automation Platform (DLAP) based on MarkLogic and AWS, KPMG helps banks reduce risk, costs, and delays in reporting and compliance.
We have yet to find a breaking point in MarkLogic.”
DLAP runs on an operational data hub built on MarkLogic, which ingests data as is to quickly aggregate information and generate reports. KPMG also leverages MarkLogic Semantics to easily define relationships between datapoints across multiple documents.
Automating manual processes allows KPMG to ensure its customers’ data is accurate and meets regulatory requirements.
In addition to reducing time and labor costs of financial reporting processes, KPMG customers can reduce regulatory fines.
KPMG cites vast improvement in productivity. In one instance, a client experienced a 75% reduction in document review.
In this keynote, Michael Henry shows how organizations address this growing area of interest by using KPMG’s Digital Labor Automation Platform (DLAP), built on MarkLogic.
Learn why industry experts are giving accolades to KPMG for its Digital Labor Automation Platform.
Listen to experts from industry leaders like KPMG discuss the pros, cons, and best practices of working with cloud environments.