Xceptor, an intelligent automation platform provider for financial markets, has joined forces with KPMG UK to deliver tax solutions for financial services.
Through the collaboration, both parties aim to provide a blend of the best tax expertise and innovative technology to bolster existing tax services and ensure the adaptability of tax processes to evolving regulatory and client demands.
The new partnership will provide both firms’ clients with enhanced and extended services with longer-term plans for expanded product offerings and service improvements.
Besides, Xceptor and KPMG intend to extend the combined offering over the coming months with additional solutions for new regulations.
The parties will also develop additional solutions including tax information services and a corporate tax solution over time.
KPMG UK tax and legal partner and chief technology officer Stuart Tait said: “Our alliance with Xceptor will help to dramatically streamline and accelerate the work of our tax teams, meaning employees will have more time to spend on the most challenging client issues.
“The tax landscape is becoming increasingly complicated with more regulatory updates; our alliance with Xceptor will enable KPMG to help clients keep pace with those changes and provide them with cutting-edge tax solutions.”
According to Xceptor, its platform is designed to transform operational tax processes by eliminating the complexities of data management and challenging workflow processes.
KPMG’s clients are expected to benefit from Xceptor’s data automation and technology to expedite the digitisation of their tax processes.
They will also be able to optimise and enhance their tax-related workflows by bringing in artificial intelligence (AI) and data automation tools.
Xceptor tax product lead Paul Duffy said: “Working with KPMG is an extraordinary opportunity that will facilitate incorporating their extensive, global and specialist tax expertise into our tax solution to benefit both our customers and theirs.
“We are creating a solution that leverages the power of our data automation platform alongside best-in-class tax expertise to streamline, enhance and future proof tax solutions for financial services. This is the ideal combination of technology and expertise and we’re extremely pleased to be bringing this to the market.”