KPMG Italy: Company Profile

Background

Overview

KPMG Italy is a leading professional services firm specializing in audit, advisory, and tax & legal services. Established in 1958, it has become a significant player in Italy's business landscape, offering a comprehensive range of services to meet the diverse needs of its clients. The firm's mission is to inspire confidence and drive change, assisting businesses in navigating complex challenges and seizing new opportunities. With a deep understanding of the Italian market, KPMG Italy combines global expertise with local insights to deliver tailored solutions.

Mission and Vision

KPMG Italy's mission is to inspire confidence and drive change, reflecting its commitment to fostering trust and facilitating transformation for businesses and investors. The firm's vision is to be the trusted advisor that helps organizations manage change, particularly through solutions that accelerate digital transformation and sustainability efforts.

Primary Area of Focus

KPMG Italy focuses on providing professional services in audit, advisory, and tax & legal sectors. The firm is deeply integrated into Italy's economic and productive fabric, serving a diverse clientele across various industries. Its services are designed to address the primary priorities of businesses of all sizes and sectors, emphasizing the importance of trust and change management.

Industry Significance

As part of the global KPMG network, KPMG Italy contributes to the firm's position as one of the "Big Four" accounting firms, alongside Deloitte, Ernst & Young (EY), and PricewaterhouseCoopers (PwC). The firm's extensive experience and comprehensive service offerings make it a key player in Italy's professional services industry, supporting the growth and transformation of numerous organizations.

Key Strategic Focus

Core Objectives

KPMG Italy aims to inspire confidence and drive change by providing high-quality professional services that help clients navigate complex challenges and capitalize on new opportunities. The firm is dedicated to assisting public, private, and non-profit organizations in managing change, particularly through solutions that accelerate digital transformation and sustainability efforts.

Specific Areas of Specialization

The firm's areas of specialization include:

• Audit & Assurance: Providing independent audits of financial statements and corporate social responsibility reports.

• Advisory Services: Offering management consulting, risk management, and performance improvement services.

• Tax & Legal Services: Delivering comprehensive services in all major areas of taxation and corporate law.

Key Technologies Utilized

KPMG Italy leverages advanced technologies to enhance its service offerings, including:

• Data Analytics: Utilizing data analytics to provide insights and support decision-making processes.

• Digital Transformation Tools: Implementing tools that facilitate digital transformation for clients.

• Sustainability Solutions: Developing solutions that support clients in their sustainability initiatives.

Primary Markets or Conditions Targeted

KPMG Italy serves a broad spectrum of industries, including:

• Energy and Natural Resources: Assisting organizations in managing change and creating sustainable value.

• Financial Services: Contributing to the transformation of the sector and the creation of a more robust financial system.

• Public Sector: Collaborating with public administrations to innovate and digitalize the public sector.

• Healthcare: Supporting the progress and digitalization of the healthcare system through innovative strategies.

• Real Estate: Providing expertise to transform challenges into opportunities and improve performance.

• Technology, Media, and Telecommunications: Assisting companies in accelerating digital transformation.

Financials and Funding

Funding History

As a member of the global KPMG network, KPMG Italy's financials are integrated into the network's overall performance. The firm has consistently demonstrated robust growth, reflecting its strong position in the Italian market.

Total Funds Raised

Specific details regarding total funds raised by KPMG Italy are not publicly disclosed, as the firm operates as part of the global KPMG network.

Recent Funding Rounds

As a member of the global KPMG network, KPMG Italy's funding activities are managed at the network level. The firm continues to invest in technology, training, and growth sectors such as artificial intelligence and environmental, social, and governance (ESG) initiatives to enhance its service offerings.

Notable Investors

KPMG Italy is part of the global KPMG network, which is a private entity. Specific details about individual investors are not publicly disclosed.

Intended Utilization of Capital

The capital is utilized to:

• Invest in Technology: Enhancing digital capabilities and service offerings.

• Support Training and Development: Ensuring professionals are equipped with the latest skills and knowledge.

• Drive Growth in Key Sectors: Focusing on areas such as artificial intelligence and ESG initiatives.

Pipeline Development

As a professional services firm, KPMG Italy does not have a traditional product pipeline. Instead, the firm focuses on developing and delivering services that meet the evolving needs of its clients. This includes:

• Digital Transformation Services: Assisting clients in adopting and implementing digital solutions.

• Sustainability Consulting: Providing guidance on sustainable business practices.

• Risk Management Solutions: Offering strategies to identify and mitigate business risks.

Technological Platform and Innovation

Proprietary Technologies

KPMG Italy utilizes proprietary technologies developed within the global KPMG network, including:

• Data Analytics Platforms: Tools that analyze large datasets to provide actionable insights.

• Digital Transformation Frameworks: Structured approaches to guide clients through digital change.

• Sustainability Assessment Tools: Instruments to evaluate and enhance sustainability practices.

Significant Scientific Methods

The firm employs various scientific methods, such as:

• Advanced Data Analytics: Techniques to extract insights from complex datasets.

• Machine Learning Algorithms: Models that improve over time to provide more accurate predictions.

• Risk Assessment Models: Frameworks to identify and evaluate potential business risks.

AI-Driven Capabilities

KPMG Italy leverages AI-driven capabilities to:

• Enhance Decision-Making: Providing data-driven insights for strategic choices.

• Automate Processes: Streamlining operations to improve efficiency.

• Predict Market Trends: Analyzing data to forecast industry developments.

Leadership Team

Senior Partner

• Name: Mario Corti

• Professional Background: Graduated in Business Administration from Bocconi University, Milan. Partner since 2000, Senior Partner since October 1, 2021. Specializes in auditing large national and international banking groups and assisting in M&A operations in the financial sector.

Head of Advisory

• Name: Raffaele Zinno

• Professional Background: Graduated in Economics and Commerce. Joined KPMG in 2001, became Partner in 2011. Coordinates approximately 2,500 professionals in the Advisory function, focusing on digital innovation, change management, and planning and control.

Head of Tax & Legal

• Name: Gianni De Robertis

• Professional Background: Holds a Master's in Economics from the London School of Economics. Started career in KPMG London, later worked in France and at the OECD's Transfer Pricing Unit. Chief Economist for KPMG Tax & Legal in Italy since October 2023.

Competitor Profile

Market Insights and Dynamics

The professional services market in Italy is competitive, with several firms offering similar services. KPMG Italy differentiates itself through its global network, comprehensive service offerings, and deep understanding of the Italian market.

Competitor Analysis

Key competitors include:

• Deloitte: Offers audit, consulting, tax, and advisory services.

• Ernst & Young (EY): Provides assurance, tax, consulting, and advisory services.

• PricewaterhouseCoopers (PwC): Specializes in audit, tax, and consulting services.

These firms compete with KPMG Italy across various service lines, each bringing unique strengths to the market.

Strategic Collaborations and Partnerships

KPMG Italy collaborates with various organizations to enhance its service offerings, including partnerships with technology providers to support digital transformation initiatives.

Operational Insights

KPMG Italy's strategic considerations include maintaining a strong market position through continuous innovation, expanding service offerings, and leveraging its global network to meet client needs effectively.