Isabelle OHara/

KPMG Launches ‘Elevate’ to Help Companies Enhance Performance, Realize Savings and Build New Capabilities

Nearly 75 Percent of All Business Transformation Initiatives Fail to Achieve Revenue and Margin Goals

Originally published on home.kmpg.

COVID-19 has exacerbated existing business challenges for some companies while creating new ones for others. Both circumstances require agile, precise enterprise-wide assessment and improvement. Elevate, the next generation of KPMG’s Performance Improvement offering, provides proprietary data-driven insights combined with industry experience to enhance commercial performance, optimize costs and unlock capital to invest in new opportunities. KPMG ranked No. 12 on The DiversityInc Top 50 Companies for Diversity list in 2020.

Leveraging proprietary data sources and benchmarks, Elevate brings together thousands of industry-focused practitioners and hundreds of data scientists to offer businesses rigorous and practical insights that create rapid and sustained EBITDA impact. “Historically, almost three-quarters of business transformation initiatives fail to reach their margin and revenue goals,” said Scott Rankin, KPMG Elevate leader. “By leveraging industry expertise at scale, Elevate offers businesses a unique opportunity to transform within the new reality.”

Elevate was recently deployed to help a large consumer goods manufacturer and distributor. Sales had been declining for multiple years and profits were down by 20 percent, pre-Covid-19. KPMG Elevate was able to accelerate the company’s top line growth, improving EBITDA more than 25 percent by increasing customer focus, optimizing operating expenses and streamlining the organization. Simultaneously, Elevate accelerated the firm’s adoption of digital capabilities, including an e-commerce platform, which added thousands of new customers within months.

Elevate can help companies improve, reposition or find strategic solutions to improving performance and managing costs. “Elevate was created to enhance performance improvement under a variety of scenarios, even a global pandemic,” said Sanjay Sehgal, KPMG Advisory Head of Markets. “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. This unique market environment offers a once-in-a-generation opportunity to make dramatic changes quickly.”

For more information on Elevate, please click here.

Latest News

President Joe Biden signs his first executive orders in the Oval Office

Biden Administration Already Hard at Work Enacting Numerous Beneficial Policies; Amanda Gorman is America’s New Superstar Poet; and More

President Joe Biden sworn in and new administration already hard at work. Just hours after his emotional, star-studded and highly protected inauguration took place on Jan. 20, President Joe Biden is already working on fulfilling campaign promises and undoing some of the most egregious acts carried out by his predecessor….

Trump commission attempts racist whitewashing of history

Trump Commission Attempts Racist Whitewashing of History; Colorado Rep. Lauren Boebert Probed for Potential Role in Capitol Insurrection; and More

Trump commission’s “1776 Report” attempts racist whitewashing of history In the highly controversial “1776 Report” released by the Trump administration yesterday, the outgoing GOP party doesn’t just try to present a nonpartisan, “patriotic” look at the nation’s history (as the President had promised the report would do) it fully rewrites…

Boeing Elects Lynne Doughtie to Board of Directors, Following Resignation of Director Caroline Kennedy

Originally published on The Boeing Company (No. 27 on The 2020 DiversityInc Top 50 Companies for Diversity list) board of directors today announced that Lynne Doughtie has been elected to the board, replacing Caroline Kennedy who has resigned following three years of dedicated service. Doughtie, 58, retired from KPMG in 2020, after serving as U.S. Chairman and…

Flint, Michigan water plant

Ex-Michigan Governor Charged for Racist Lead Poisoning of Flint Water Supply; COVID-19 Vaccines Not Increasing in Availability; Democrats Plan to Repeal Trump Rules; and More

Former Michigan Governor formally charged for poisoning thousands of predominantly Black Flint citizens with water containing lead. In 2014, when the city of Flint was forced by the state to begin taking its water supply from the Flint river rather than using water from nearby Detroit as it had for…