How Aptitude Software works together with KPMG

KPMG & Aptitude Software have launched a new managed service to help private companies adopt the new Revenue Recognition accounting standard, ASC 606, before the January 2019 deadline. Additionally, the alliance will help public companies optimize current revenue recognition processes through automation.

About KPMG

KPMG LLP, the audit, tax and advisory firm, is the U.S. member firm of KPMG International Cooperative (“KPMG International”). KPMG is a global network of professional services firms providing Audit, Tax and Advisory services. We operate in 147 countries and territories and have 219,000 people working in member firms around the world.

Over the past few years we’ve seen significant changes to accounting rules both Internationally and in the United States. These changes increasingly require an overhaul to core finance and accounting systems in order to provide the level of detail, disclosures and financial control demanded by the regulations. The Aptitude Accounting Hub (AAH) has the opportunity to serve a market need for a subledger which can both address current and future industry specific accounting changes like IFRS 17 and LDTI and the potential to deliver additional business benefits including centralized accounting, financial control and insights to the business.
David Fourie, Insurance Financial Practice Lead, KPMG