Workiva, a leader in data collaboration, reporting and compliance solutions, and KPMG LLP, the U.S. audit, tax and advisory firm, today announced an alliance to provide a strategic offering that will help organizations transform and integrate their risk management, regulatory and financial reporting and compliance processes by using the Workiva Wdesk platform.

According to a new KPMG report, Innovating Compliance through Automation, 90 percent of the U.S. chief information officers and chief compliance officers surveyed said they plan to increase spending for compliance automation in the coming years.

“Increased scrutiny from regulatory authorities is stretching organizational resources and the bottom line,” said Greg Bell, Global Cyber Security practice Co-leader at KPMG. “Companies are looking to technology solutions for performance improvements and automation to increase efficiencies in their risk and compliance programs.”

With cloud-based capabilities for automation, synchronized data, controlled collaboration and real-time data monitoring, Wdesk users are able to improve productivity and accountability in their processes for internal controls over financial reporting, risk assessments, regulatory compliance and financial reporting.

KPMG, with its deep functional risk and compliance experience across all industries, helps organizations optimize technology solutions to better manage risk, help achieve process efficiencies and improve internal controls management.

“Pairing our Wdesk platform with KPMG’s technology-risk specialists creates a unified, multidisciplinary solution and team to help customers streamline and automate a wide variety of complex risk, compliance and reporting processes,” said Marty Vanderploeg, CEO of Workiva. “By working together, we will help organizations gain insights, make data-driven decisions and ultimately drive better business outcomes.”