KPMG UK and Xceptor, a leading intelligent automation platform for financial markets, have announced a strategic partnership aimed at revolutionizing tax solutions for financial services. This alliance brings together KPMG’s unparalleled tax expertise and Xceptor’s innovative technology to enhance existing tax services and future-proof tax processes in an ever-evolving regulatory landscape.
The collaboration between Xceptor and KPMG will immediately offer clients enhanced services, with plans for expanded product offerings and service enhancements in the pipeline. The alliance is strategically poised to address the changing regulatory environment, including the shift towards fully digitized tax processes.
Xceptor’s robust platform specializes in transforming operational tax processes by simplifying data management and complex workflows. Paired with KPMG’s expertise, the partnership aims to fortify and future-proof tax solutions, empowering clients to navigate regulatory changes seamlessly. KPMG clients will benefit from Xceptor’s data automation and technology, enabling accelerated digitization of tax processes and the integration of sophisticated AI and data automation tools to optimize tax-related workflows.
Stuart Tait, Partner and Chief Technology Officer, Tax & Legal at KPMG UK, expressed optimism about the alliance, stating, “Our partnership with Xceptor will streamline and expedite the work of our tax teams, allowing them to focus more on complex client issues. The evolving tax landscape necessitates agility and innovation, and our collaboration with Xceptor positions KPMG to assist clients in staying abreast of regulatory changes and offering cutting-edge tax solutions.”
Paul Duffy, Xceptor Tax Product Lead, emphasized the significance of the partnership, stating, “Our collaboration with KPMG presents an exceptional opportunity to integrate their extensive global tax expertise into our solution. By combining Xceptor’s data automation platform with KPMG’s specialized tax knowledge, we are poised to streamline, enhance, and future-proof tax solutions for financial services clients. This partnership represents a harmonious blend of technology and expertise, and we are thrilled to introduce it to the market.”
Looking ahead, Xceptor and KPMG anticipate expanding their joint offering to encompass additional solutions tailored to new regulations, including the forthcoming EU FASTER directive. Over time, the partnership will explore additional solutions, including tax information services and a corporate tax solution, to meet evolving client needs and regulatory requirements.
This strategic alliance between KPMG UK and Xceptor marks a significant step forward in redefining tax solutions for financial services, promising enhanced efficiency, compliance, and innovation in the ever-evolving tax landscape.