KPMG in Canada joins forces with Bell to drive finance transformation
Dan Krausz on how KPMG is one of Bell ’ s strategic advisors on its finance transformation journey , operating as an integrated team to realize value
As Partner and Telecommunications Sector Lead at KPMG in Canada , Dan Krausz has played a key role on Bell ’ s finance transformation journey over the past few years .
Rapid technology innovation in telecommunications To be successful in the face of huge industry transformation , Krausz explains that one thing is vital : “ Telecommunication organizations need access to more data , more frequently , that is well governed . Data is at the core of what finance does , so being able to make informed decisions , fast , is something that finance needs to drive .”
Business-led and technology-enabled finance transformation By working with Bell on their finance transformation project from the beginning , KPMG has helped shape the related vision and strategy .
“ We started out by helping Bell determine what they wanted to achieve and then translated that into a practical roadmap for implementation ,” explains Krausz .
An integral aspect of KPMG ’ s involvement in the transformation is the combined approach of delivering technology outcomes while bringing a business lens to the table , taking a use case approach .
He adds : “ There have been several workstreams that we have been involved in . One that I ’ m most proud of is intelligent forecasting – we were able to develop AI models which use both internal and external data sources to produce forecasts . These not only improved forecast accuracy , but they also continue to learn and become more accurate over time , and drive efficiency into a process which was previously manual in nature . Another use case was for analytical process automation – significantly reducing the number of manual journal entries as part of the financial close process . This also provided additional granularity from a management reporting perspective given the details were maintained in the data warehouse .”
“ A common theme throughout this project with Bell has been our collaboration , working shoulder to shoulder to not only deliver transformation outcomes , but to support the enhancement of Bell ’ s capabilities , helping to ensure that the teams are well equipped to leverage new technologies ,” concludes Krausz .