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Driving Tax value with good data

Leveraging Snowflake solutions with KPMG

Tax professionals are among the largest users of financial data in an organization, but all too often are not included in company technology decisions. Rather than performing tax analyses and ensuring compliance, too much of their time is spent trying to find and manage relevant tax data. As the complexity of tax compliance and planning grow with new legislation globally, efficient access to good data is no longer just nice to have, it is a corporate imperative.

Snowflake is a cloud computing-based data cloud with unique capabilities that address these challenges. KPMG leverages Snowflake to help clients streamline access to data, ensure data quality, and automate tax processes, enabling tax departments to meet their compliance requirements in a timely manner.

KPMG and Snowflake are partnering to expose this powerful platform to the tax functions of our clients. In many situations, the tax function is completely unaware the broader organization is using the platform and centralizing data relevant for compliance. Our Ignition professionals will work with you to understand your tax data needs, processes, and how your organization’s Snowflake platform could be leveraged to power your tax reporting.  We can also help you translate these findings into requirements to be implemented by your IT organization or even our Ignition team.

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Tax Data Management with KPMG and Snowflake

More than ever, tax departments are dependent on data. But where is the data when you need it? Is it in the right format? Can you safely share it both in- and outside the organization? Will you receive the data in time? Could you miss a filing deadline…or worse, make a costly error? Having the right data, at the right time, and in the right format, has never been more critical. The KPMG Tax alliance with Snowflake solves today’s tax data challenges.

Transcript

Video transcript

Christian Tostenson, Partner, Ignition Tax, KPMG LLP
Stephen Spiers, Managing Director, Ignition Tax, KPMG LLP

TRANSCRIPT

Voiceover: More than ever, tax departments are dependent on data. But where is the data when you need it? Is it in the right format? Can you safely share it both in- and outside the organization? Will you receive the data in time? Could you miss a filing deadline…or worse, make a costly error? Having the right data, at the right time, and in the right format, has never been more critical. The KPMG Tax alliance with Snowflake solves today’s tax data challenges.

Christian Tostenson: KPMG is always seeking ways to work better with our clients, and to leverage their chosen tools and solutions rather than force ours on them. Working directly with Snowflake, our tax solutions support better collaboration with our clients, and collaboration between people and technology.”

Voiceover: Snowflake eliminates manual labor and organizes and shares data quickly and securely. The unique Snowflake fee model is based on usage not storage and incorporate data ‘virtualization’ to eliminate duplication, helping companies better manage tax preparation costs. Currently, more than fifty percent of Fortune 500 companies trust the Snowflake Data Cloud…as do hundreds of companies of all sizes, across all industries. KPMG and Snowflake is a powerful alliance bringing together highly skilled Tax professionals and fast, secure data automation. KPMG has integrated its ecosystem of tax solutions with Snowflake to quickly transfer data in a secure pipeline with no manual steps, no data at rest, and little oversight.

Stephen Spiers: KPMG Tax professionals bring the human perspective and the ability to understand what our clients need, why they need it, and how to deliver it. Seamless KPMG and Snowflake integration helps ensure accuracy, security, accessibility, and visibility for both the client and our Tax professionals.”

Voiceover: Since taxes are indeed certain, managing tax data and reporting should be just as certain. The KPMG and Snowflake alliance can help modernize tax departments at companies from brand new startups to brands we all know. 

Dive into our thinking:

Driving Tax value with good data

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Meet our team

Image of Christian Tostenson
Christian Tostenson
Tax Partner, KPMG US
Image of Stephen Spiers
Stephen Spiers
Managing Director, Tax | Ignition - Data & Analytics, KPMG LLP

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Snowflake

Extract value from data and reduce costs with KPMG and Snowflake

Enabling the modern data architecture
Webcast Replay Webcast Upcoming Listen Now

Enabling the modern data architecture

Extract value from data and reduce costs with KPMG and Snowflake

Webcast Replay Webcast Upcoming Listen Now

Ignition tax

Discover how we can spark innovation and fuel change for tax function effectiveness.

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