New York and Santa Clara, Calif.–(business wire)–Today, KPMG and ServiceNow (NYSE:NOW) announced the expansion of their alliance relationship to provide environmental, social and governance (ESG) focused solutions and services that expand KPMG offerings and provide companies with risk management. Flexibility, help revolutionize processes, and operations.
KPMG is ServiceNow’s principal launch and design partner for its new integrated ESG solution and will also work with ServiceNow to help provide companies with visibility and transparency across ESG programs and initiatives and strategy on these efforts on a single platform. To help create, manage, govern and report. Both organizations are committed to helping business leaders drive a holistic growth strategy that aligns with their digital acceleration plans and ESG initiatives, while earning and qualifying their stakeholder trust through a portfolio of key capabilities and solutions .
ServiceNow and KPMG are jointly committed to delivering solutions and services that help businesses unlock ESG value and impact by helping them adopt a more proactive approach to ESG. These solutions can help companies activate ESG strategies, programs and initiatives – from diversification and inclusion and reducing carbon emissions to enabling business continuity management across the enterprise, meeting rising expectations from customers, regulators and investors. To fulfill our collective ambitions to fulfill. A more sustainable, just and ethical world.
This expansion of solutions and services brings together the deep experience and market-leading industry insights of KPMG professionals with Service Now’s leading digital workflow platform. The newly announced ServiceNow solution integrates ServiceNow ESG management and reporting with ServiceNow project and portfolio management and integrated risk management solutions to help customers strategize, manage, govern and report on their ESG efforts. KPMG firms will build on this solution and in addition ServiceNow security operations and ServiceNow vendor risk management solutions including ESG, risk and compliance, internal audits, operational flexibility and a set of cyber security solutions that allow customers to build and maintain trust. gives. their stakeholders.
By the end of 2021, KPMG will focus on two technology solutions powered by the firm ServiceNow. The first solution will help organizations address the rapidly growing challenge of supply chain transparency by enabling visibility and clarity across their supplier ecosystem and the second solution will help customers manage their ESG commitments and compliance through ESG projects, Will bring data and governance together.
KPMG Impact and ESG National Leader Rob Fischer said, “In order to adapt to and respond to the ever-changing global market and the evolving expectations of consumers, regulators and investors, it is imperative that companies raise their trust profiles along with their stakeholder ecosystem. ” in the US and a member of the KPMG Impact Global Steering Group. “This is why KPMG firms are focused on helping customers innovate and grow responsibly. Our continued association with ServiceNow is now more important than ever as we prepare to help customers meet these expectations. ESGs combine skills in risk, technology, and consulting to create the right digital tools and solutions to help them achieve their goals.”
“Activating ESG in the enterprise will require a team effort and careful oversight. An efficient system requires a ServiceNow ‘platform to platform’ approach to mature from myriad, often isolated efforts. Over time At the same time, we also believe that companies will be most successful for their entire organization by integrating ESG efforts within strategy, management, governance and reporting. Building on our current momentum with KPMG, we have helped clients overcome these complex challenges. We have started working in a better world to help us recover,” said Vasanth Balasubramaniam, VP & GM, Risk Business Unit at Service Now.
Clients can manage risk as they build resilience.
With these new services, KPMG is building on its existing suite of products. KPMG’s leading industry knowledge and business process experience combined with Service Now’s risk and compliance technology solutions will help companies across industries to anticipate and balance risk with an integrated approach. These areas include:
- risk and compliance Numerous external forces are changing the nature of risk in companies and industries. To compete, companies need transformational approaches to risk management, regulatory management and compliance. KPMG and ServiceNow professionals work together to empower customers to create value using risk. We combine our risk and business know-how with technological innovation to offer strategic solutions spanning IT, operational and third-party risk management that enable organizations to be smarter, more effective and efficient while meeting ever-evolving regulatory requirements. help in decision making.
- Cyber security – Working together, KPMG and Service Now help professional clients build a resilient and reliable digital enterprise by combining strategy, technology and experience across the enterprise. Organizations should also consider ESG cyber security reporting to help develop and maintain trust with stakeholders. Our combined offerings bring together the capabilities that customers need to increase the flexibility and knowledge to help them achieve a long-lasting competitive advantage that is sustainable and secure.
KPMG firms will also leverage ServiceNow’s audit management and legal service delivery products to support the transformation of contracted workflow processes to aid KPMG’s internal audit management process. This adoption will increase productivity and efficiency throughout the organization and flow to help customers with their own transformations.
To learn more about KPMG and ServiceNow, visit the Alliance page.
use of forward-looking statements
This press release contains “forward-looking statements” regarding expectations, beliefs, plans and intentions relating to the expanded alliance between Service Now and KPMG. Such forward-looking statements include statements regarding the expected performance and benefits of this expanded alliance. Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by forward-looking statements. If any such risk or uncertainty occurs or if any assumptions prove to be false, Service Now results may differ materially from the results expressed or implied by forward-looking statements. ServiceNow assumes no obligation, and does not intend to update, forward-looking statements. Factors that could cause actual results to differ materially from those in any forward-looking statements include: (i) changes in the ESG regulatory landscape, (ii) delays and unforeseen difficulties and expenses in delivering ESG resolutions, and (iii) uncertainty. As to whether the sale would justify these investments. Further information about factors that could affect Service Now’s financial and other results is included in Service Now’s filings with the Securities and Exchange Commission from time to time.
About KPMG International
KPMG is a global conglomerate of independent professional services firms providing audit, tax and advisory services. We operate in 146 countries and territories and in FY20 there were approximately 227,000 people working in member firms worldwide. Each KPMG firm is a legally distinct and separate entity and describes itself as such.
KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to customers. Some or all of the services described herein may not be acceptable to KPMG Audit clients and their affiliates or related entities.
About ServiceNow
ServiceNow (NYSE: NOW) is building a world of work, making work better for people. Our cloud-based platform and solutions deliver digital workflows that unlock great experiences and productivity for employees and the enterprise. For more information visit: www.servicenow.com.
© 2021 ServiceNow, Inc. All rights reserved. ServiceNow, the ServiceNow logo, Now, and other ServiceNow marks may be used in the United States and/or other countries by ServiceNow, Inc. are trademarks and/or registered trademarks of. Other company names, product names and logos may be trademarks of the respective companies to which they are associated.
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