KPMG has announced the launch of Elevate, a new performance improvement offering combining proprietary data-driven insights and industry expertise to improve performance, optimize costs, and have a rapid and sustained impact on EBITDA.
Elevate is powered by the KPMG Intelligence Platform, and brings together thousands of industry-focused practitioners and hundreds of data scientists, the firm says.
According to Scott Rankin, advisory leader for consumer & retail and head of Elevate, the offering focuses on three main areas to achieve results.
- Using data and analytics to make sure efforts are focused on the product channels and customers that matter most — and deliver the most profit.
- Elevate creates a bottom-up view of every line item to improve efficiency across procurement, logistics, inventory, and supply chain.
- The KPMG offering frees up cash for investments in areas necessary for long-term growth, particularly digitization.
Through Elevate, KPMG is looking to a data-driven, holistic approach to improve transformation efforts.
"Historically, almost three-quarters of business transformation initiatives fail to reach their margin and revenue goals," Rankin says. "By leveraging industry expertise at scale, Elevate offers businesses a unique opportunity to transform within the new reality."
The firm highlighted a recent Elevate engagement with a large consumer goods manufacturer which was struggling with sales and profits even before the pandemic. KPMG says it was able to help the company improve EBITDA by over 25 percent, optimize operating expenses, and streamline the organization, as well as implementing a new e-commerce platform to boost sales.
"Disruptive competition has been a trend for many years, and companies must remain vigilant about driving greater efficiency from the front through the entire back office," said Sanjay Sehgal, KPMG Advisory head of markets. "This unique market environment offers a once in a generation opportunity to make dramatic changes quickly."
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