CBA, Microsoft and KPMG Wiise up to Australian SMEs
They will offer it to SMEs by providing combined accounting, payroll and banking, and operational functions, including HR, inventory and manufacturing.
James Hunter, national managing partner, markets and growth KPMG Australia, says: “The idea was sparked by our acquisition of Microsoft systems implementer, Hands-On Systems. It opened our eyes to a gap in the market between existing cloud accounting software providers to SMEs and enterprise-scale ERP solutions.”
As Wiise’s website puts it – created by KPMG, built on Microsoft, supported by CBA.
The solution integrates with CBA’s invoicing platform, CommBank Simplify, as well as CBA banking data feeds, linking customers banking and accounting platforms together.
Users will also be able to enquire, and in some cases apply, for specialised business banking products directly through the platform.
CBA, KPMG and Microsoft have formed a partnership to co-develop solutions but Wiise will be a standalone venture based at Stone & Chalk’s Sydney fintech hub.
Wiise integrates into other software, such as Microsoft Office 365 (as you’d expect).
The solution will be available from July 2018.