KPMG and Microsoft have announced they are making “significant investments” in the development of advanced cloud-based tax technologies.

KPMG Digital Gateway, which is supported by Microsoft Azure, is designed to deliver a real-time, holistic view of tax and finance data.

The multi-billion-dollar global partnership says that the technology, which will be available to over 140 global jurisdictions, will help companies predict tax outcomes.

Microsoft chief digital officer Jacky Wright said that it will help companies currently facing disruption.

“The relationship with KPMG Tax is in direct response to the tremendous disruptions that companies are being faced with and the need to help them grapple with it,” explained Wright.

The partnership has added new applications to the Digital Gateway, including processes that synthesise data from an organisation’s ERP system and a cloud-based collaboration tool that uses Microsoft tech to connect companies’ document management within the tax and finance functions.

“C-suites are being challenged by tremendous disruption and uncertainty,” said Greg Engel vice chair, tax at KPMG US. “Whether it’s preparing for potential changes to US tax policies, implementing the OECD global tax policies, addressing the rising pressure to consider ESG in their total tax stories, or determining how to do more with less, many leaders are struggling with how to prepare and respond.”

He continued: “The KPMG Digital Gateway was built to equip executives with a single access point to their entire suite of tax and finance data so that they can see around the corner and make smart business decisions even amid a time of great uncertainty.”

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