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Brief of diving:
- KPMG has launched a new tool designed to help customers browse “an increasingly complex trade and fare landscape,” said the accounting firm and consulting Big Four in a launch on May 1.
- The tool, fed by generative artificial intelligence and appears on the KPMG digital walkway platform, allows users to simulate potential tariff scenarios and visualize impacts on the world’s supply chain operations, among other capacities, according to a description of the company.
- “Companies in all industries face significant challenges, as they move quickly to adapt their business strategies to deal with the tariff disorder,” George Zaharaths, Gmg G’s GMG G.Date and leader of Lalbal’s technology, he said in an email. “With our platform fueled by AI, we help customers all the signature at an unprecedented speed, highlighting the imperative to act rapidly in response to these shocking commercial policies.”
Divide vision:
Global consulting companies are increasing their use of AI to increase internal capacities, while improving the services they provide to business clients.
Last month, KPMG announced the integration of AI agents in Clara, the firm’s global intelligent audit platform. According to the company, this movement will allow more than 95,000 auditors worldwide automate routine tasks.
In March, the Competitor Deloitte presented a new AI agent suite “ready to deploy” designed to automate work flows through business functions, including financial management.
And PWC said in March that he was launching a platform designed to help companies operate multi-scale business processes.
The new KPMG fare tool can help with complex analysis that play a role in mitigation strategies that a CFO can choose to adopt, aCordinating Andrew Siciliano, head of trade and world and north -northworks of KPMG.
“For example, just because a product is sent from China, it does not mean that the country of origin is China,” Siciliano said in an email. “Determining the country of origin is important, as the rate applies to an import based on the country that originated the goods.”
More than 100 Fortune 500 clients and the main private capital clients are already implementing the tool to prepare and respond to changes in current trade policy, KPMG said in their statement.
