As Ian approached landfall, it looked like a storm with the potential to create major destruction not only in coastal areas, but also in cities and towns across the central part of the state. The storm’s power and unpredictable path meant that an effective response would require massive scale, real-time reaction, and a range of services delivered via state and local governments.
KPMG had previously worked with FDEM on contracts after hurricanes Irma and Michael, as well as assignments on disaster due diligence, business processes, and logistical planning on the deployment of first responders. Based on this track record, KPMG was asked to mount a dedicated full-time team to provide planning, guidance, and coordination for FDEM and other state and local agencies before, during, and after the storm.
Preparing for the unpredictable on a massive scale
Before
After
Future
Replace aging applications that differed across divisions and subsidiaries
Reduce manual, disparate processes freeing up more resources for advanced analytics
Enable enhanced reporting and make it more widely available across the enterprise
Act with greater speed and agility to capture value in acquisitions
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Company-wide
opportunities
Process hundreds of thousands of transactions per month with greater efficiency
Reduce 10,000+ manual journal entries per period
Decrease >3-week close
Shorten the >3-month annual budgeting cycle
Provide better support for a growing e-commerce business
Control rising finance function costs and derive greater value
Finance
opportunities
Reduce 10,000+ manual journal entries per period
Decrease >3-week close
Shorten the >3-month annual budgeting cycle
Provide better support for a growing e-commerce busines
Control rising finance function costs and derive greater value
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Improve technical capabilities to keep pace with increased hiring needs
Reduce dependence on IT and tech resources for supporting and enabling continuous compliance with more than 800 collective bargaining agreements
Unify and automate workforce administration processes across the enterprise
Eliminate the need for employees to learn new systems and interfaces as they move from recruitment to training to managing benefit
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HR
opportunities
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Next
After
With total damages in Florida and other states estimated at $113 billion, Ian was the third-most expensive hurricane in U.S. history.
Despite extensive damage to Fort Myers, Naples, and other Gulf Coast cities, the state’s response to Ian was prompt and effective. KPMG assisted with around-the-clock coordination, communications, and project management. The KPMG team also assisted with recovery, logging numerous volunteer hours through the Red Cross corporate partner program.
Florida gained national attention for the speed with which it helped millions of people escape harm, receive aid, and start to recover and rebuild. The rapid reopening of access to the coastal communities of Sanibel and Pine Island was one widely reported example.
Overall, the state’s success in combining internal resources with strategic support from outside advisers is now seen as a model for disaster response in the region and beyond. Serving as one of those advisers was a role KPMG was proud to play.
A standard-setting response to a record-setting disaster
Developed all the necessary processes to support a single, modernized digital platform serving the entire enterprise
Migrated 290,000 employees from legacy systems to Oracle Cloud
Increased insight-driven decision making across functions, driving performance and growth gains
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Company-wide
success
Decreased balance sheet reconciliations
by 85%
Achieved a consolidated retail and
corporate close within a shortened period
Reduced the types of P&L statements from 100+ to 4
Reduced operations costs across the board
Enhanced availability of data-driven insights that help to capture maximum value during acquisitions
Achieved a consolidated retail and corporate close within a shortened period
Reduced the types of P&L statements from 100+ to 4
Reduced operations costs
across the board
Enhanced availability of data-driven insights that help to capture maximum value during acquisitions
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Finance
successes
HR
successes
Deployed a custom application for union-rule processing enabling a single HCM platform to administer benefits to all employee populations under 800+ complex union agreements
Created a digital-first, digital anywhere experience resulting in higher employee engagement
Reduced new-hire onboarding time
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Reduced new hire onboarding time
Streamlined and improved the process integration of new employees post-acquisition
Integrate processes and technology across the employee lifecycle from recruiting through compensation and performance
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KPMG continues to support Florida as it applies for and distributes disaster relief funds from the Federal Emergency Management Agency (FEMA), the Department of Housing and Urban Development, and other sources.
At the strategic level, we are working to apply lessons learned from Ian to help the state plan and prepare for future storms.
And we’re deploying the KPMG Smart Grants Platform to better address risk and enhance compliance, while saving money and ultimately improving disaster management in Florida and other states as they face more extreme weather driven by climate change.
Continue to enhance analytics-driven planning and forecasting
Optimize the supply chain
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Company-wide
vision
Achieve a continuous, virtual accounting close
Achieved a consolidated retail and corporate close within a shortened period
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Finance
vision
HR
vision
Establish a continual feedback-and-improvement loop based on quarterly HR reports from the field and deployment of new capabilities
Migrate payroll, benefits, and absence management to Oracle cloud for 2023
Insource benefits administration
More follow-up and future planning
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After
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Future
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