Redefining what’s possible in the pursuit of health equity
Helping Morehouse School of Medicine globalize its impact and modernize its capabilities
Redefining what’s possible in the pursuit of health equity
Helping Morehouse School of Medicine globalize its impact and modernize its capabilities
Client
Morehouse School of Medicine (MSM)
Industries
Higher education | Healthcare
Primary goal
To significantly expand MSM’s role in the pursuit of global health equity
Key services
KPMG Ignition · Finance Transformation · Talent Strategy · Digital Lighthouse
When an acquisition doubles your revenue in your largest market, there are some big numbers at play—especially when you’re a $48 billion CPG company. And the bigger the numbers, the bigger the impact of every strategic and tactical decision you make. You can’t afford to have your visibility clouded and your decision-making hampered by having two disparate financial operations functions each with its own systems, software, and people. So, when a global CPG company found itself in this situation, it called on KPMG to drive fast, smooth, cost-efficient integration of financial operations.
1
and global alignment between cross-functional teams
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into consolidated spend driving meaningful insights and more proactive decisions
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the monthly close cycle
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revenue and sales forecasting
Coming off the successful launch of its National COVID-19 Resiliency Network—a powerful connected health platform, Morehouse School of Medicine (MSM) felt it was time to prioritize its health equity initiatives and develop concrete plans for achieving them. KPMG gathered the data, specialists, and tools to help MSM undertake a penetrating and unfettered examination of its current capabilities, the larger healthcare landscape, and global disparities in health. The school emerged with clearly defined priorities and detailed roadmaps.
Client transformation journey
Acquiring a large organic food and beverage business helped a global CPG company expand its operations and nearly double its revenue in the U.S. However, as with most mergers, the integration posed some challenges. Two disparate IT environments with different accounting and reporting models, separate enterprise resource planning (ERP) systems, and multiple business intelligence (BI) tools required extensive manual intervention and offline data manipulation, preventing uniform reporting and analysis. Data was trapped in silos. Visibility was insufficient. A new CFO and the finance and accounting teams lacked the insight to support effective forecasting and both strategic and tactical decision-making. In a sector as competitive and fast-changing as food products, this company needed to increase visibility quickly.
Acquiring a large organic food and beverage business helped a global CPG company expand its operations and nearly double its revenue in the U.S. However, as with most mergers, the integration posed some challenges. Two disparate IT environments with different accounting and reporting models, separate enterprise resource planning (ERP) systems, and multiple business intelligence (BI) tools required extensive manual intervention and offline data manipulation, preventing uniform reporting and analysis. Data was trapped in silos. Visibility was insufficient. A new CFO and the finance and accounting teams lacked the insight to support effective forecasting and both strategic and tactical decision-making. In a sector as competitive and fast-changing as food products, this company needed to increase visibility quickly.
While this CPG company’s business is spread across two continents (and originates from a number of acquired companies), its financial operations are now centralized and unified. A cloud-based platform extracts and loads data from numerous global sources, then configures and stores it in a central location. Accounting staff across multiple back offices work within a single governance structure and with a single set of streamlined processes, enabling effective reporting and supporting a swift, accurate close. Across the enterprise, visibility is excellent, and insights are at the ready, because analysts can perform real-time calculations and drill down swiftly to the meaning behind the numbers. Unified financial operations helps this $48 billion player predict accurately, plan effectively, and act swiftly—all crucial in a sector where windows of opportunity close as suddenly as they open.
While this CPG company’s business is spread across two continents (and originates from a number of acquired companies), its financial operations are now centralized and unified. A cloud-based platform extracts and loads data from numerous global sources, then configures and stores it in a central location. Accounting staff across multiple back offices work within a single governance structure and with a single set of streamlined processes, enabling effective reporting and supporting a swift, accurate close. Across the enterprise, visibility is excellent, and insights are at the ready, because analysts can perform real-time calculations and drill down swiftly to the meaning behind the numbers. Unified financial operations helps this $48 billion player predict accurately, plan effectively, and act swiftly—all crucial in a sector where windows of opportunity close as suddenly as they open.
There will be more acquisition targets in the company’s future. And with a cloud-based platform, governance framework, and standardized processes in place, integrating financial operations will be a swift, sure process. A successful integration inspired the CFO and global finance team to consider other areas for transformation. From evolving multiple layers of the target operating model within Finance, to jump-starting transformation across other functional areas, a powerful ripple effect began and continues across the enterprise. Having the right tools and processes to support a grander vision driven by meaningful insights will continue to empower positive change.
There will be more acquisition targets in the company’s future. And with a cloud-based platform, governance framework, and standardized processes in place, integrating financial operations will be a swift, sure process. A successful integration inspired the CFO and global finance team to consider other areas for transformation. From evolving multiple layers of the target operating model within Finance, to jump-starting transformation across other functional areas, a powerful ripple effect began and continues across the enterprise. Having the right tools and processes to support a grander vision driven by meaningful insights will continue to empower positive change.
Acquiring a large organic food and beverage business helped a global CPG company expand its operations and nearly double its revenue in the U.S. However, as with most mergers, the integration posed some challenges. Two disparate IT environments with different accounting and reporting models, separate enterprise resource planning (ERP) systems, and multiple business intelligence (BI) tools required extensive manual intervention and offline data manipulation, preventing uniform reporting and analysis. Data was trapped in silos. Visibility was insufficient. A new CFO and the finance and accounting teams lacked the insight to support effective forecasting and both strategic and tactical decision-making. In a sector as competitive and fast-changing as food products, this company needed to increase visibility quickly.
While this CPG company’s business is spread across two continents (and originates from a number of acquired companies), its financial operations are now centralized and unified. A cloud-based platform extracts and loads data from numerous global sources, then configures and stores it in a central location. Accounting staff across multiple back offices work within a single governance structure and with a single set of streamlined processes, enabling effective reporting and supporting a swift, accurate close. Across the enterprise, visibility is excellent, and insights are at the ready, because analysts can perform real-time calculations and drill down swiftly to the meaning behind the numbers. Unified financial operations helps this $48 billion player predict accurately, plan effectively, and act swiftly—all crucial in a sector where windows of opportunity close as suddenly as they open.
There will be more acquisition targets in the company’s future. And with a cloud-based platform, governance framework, and standardized processes in place, integrating financial operations will be a swift, sure process. A successful integration inspired the CFO and global finance team to consider other areas for transformation. From evolving multiple layers of the target operating model within Finance, to jump-starting transformation across other functional areas, a powerful ripple effect began and continues across the enterprise. Having the right tools and processes to support a grander vision driven by meaningful insights will continue to empower positive change.
Poor visibility threatened business objectives.
Acquiring a large organic food and beverage business helped a global CPG company expand its operations and nearly double its revenue in the U.S. However, as with most mergers, the integration posed some challenges. Two disparate IT environments with different accounting and reporting models, separate enterprise resource planning (ERP) systems, and multiple business intelligence (BI) tools required extensive manual intervention and offline data manipulation, preventing uniform reporting and analysis. Data was trapped in silos. Visibility was insufficient. A new CFO and the finance and accounting teams lacked the insight to support effective forecasting and both strategic and tactical decision-making. In a sector as competitive and fast-changing as food products, this company needed to increase visibility quickly.The preconfigured assets and technology accelerators delivered by KPMG Powered Enterprise let ambitious leadership teams take advantage of embedded leading practices to speed up the decision-making process while instilling confidence.
Unified financial operations support global success.
While this CPG company’s business is spread across two continents (and originates from a number of acquired companies), its financial operations are now centralized and unified. A cloud-based platform extracts and loads data from numerous global sources, then configures and stores it in a central location. Accounting staff across multiple back offices work within a single governance structure and with a single set of streamlined processes, enabling effective reporting and supporting a swift, accurate close. Across the enterprise, visibility is excellent, and insights are at the ready, because analysts can perform real-time calculations and drill down swiftly to the meaning behind the numbers. Unified financial operations helps this $48 billion player predict accurately, plan effectively, and act swiftly—all crucial in a sector where windows of opportunity close as suddenly as they open.
A strong foundation that can keep pace with continued growth.
There will be more acquisition targets in the company’s future. And with a cloud-based platform, governance framework, and standardized processes in place, integrating financial operations will be a swift, sure process. A successful integration inspired the CFO and global finance team to consider other areas for transformation. From evolving multiple layers of the target operating model within Finance, to jump-starting transformation across other functional areas, a powerful ripple effect began and continues across the enterprise. Having the right tools and processes to support a grander vision driven by meaningful insights will continue to empower positive change.
KPMG is a trusted partner who is committed to health equity…by designing innovative, holistic health and care models that are tailored towards individuals’ and communities’ unique needs -- one size does not fit all.
Dr. Valerie Montgomery Rice
President & CEO, Morehouse School of Medicine
Having worked closely with Morehouse School of Medicine in 2020 to build the National COVID-19 Resilience Network (NCRN) — a sophisticated, connected health platform — KPMG possessed a deep knowledge of the school’s commitment to and capabilities in health equity research and community outreach. Partly as a result of that work, MSM wanted to evolve its health equity vision and expand its global footprint.
To help MSM jump-start new ways of thinking and re-envision the art of the possible, we invited key leaders to participate in a series of KPMG Ignition experiences. By providing literal and figurative space to think creatively, and designing collaborative experiences, KPMG Ignition helped MSM rapidly gain insights into how to modernize the organization and its capabilities in ways that could expand its presence and impact across the globe.
After aligning with MSM on scoping, objectives, and a framework, the Ignition team made exhaustive preparations, gathering the data and KPMG specialists required to power robust discussions on key topics ranging from artificial intelligence and connected health to back-office operations and change management.
To help bring focus and attention to each topic that required it, KPMG created a series of Ignition sessions:
Session 1 | Atlanta Ignition Center
Session 2 | Virtual
Session 3 | Atlanta Ignition Center
Session 4 | KPMG Lakehouse, Orlando
Session 5 | MSM Campus
Session 6 | Atlanta Ignition Center
Session 7 | New York Ignition Center
Each session included powerful ideation workshops followed by breakouts in which the KPMG Ignition team, alongside KPMG subject matter professionals, helped MSM assess, prioritize, and build out key initiatives.
An important final step was the creation of concrete plans aimed at capturing the energy created at the Ignition sessions and converting it into clear actions needed to modernize technology and processes and empower the people leveraging them.
The KPMG Ignition experience has been a game changer and our partnership is significant as we advance our global health equity path towards our North Star… and I believe that KPMG will be instrumental in co-creating a sustainable future towards MSM’s connected campus that will span the globe and further the vision and mission of Morehouse School of Medicine.
Dr. Taya Jackson Scott
Chief Information Officer, Morehouse School of Medicine
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