NEW DELHI : KPMG in India and NIIT Limited announced on Thursday the launch of the KPMG NIIT Finance Academy in India to build new skills and talent in the finance sector.
The academy proposes to offer programs in finance to fresh graduates and experienced finance professionals, to address new skill requirements that digital transformation has brought about in the finance sector.
According to KPMG International’s recently-released ‘Future Ready Finance Survey 2019′ report, future finance teams will not only require traditional finance competencies but also process management and exceptional management skills to administer digitally-enabled processes. The finance sector will also need digital finance experts and data scientists to analyse internal and external data to provide critical insights to the business.
In addition, the graduate program will provide placement opportunities for finance and accounting roles with some of the biggest companies operating in the country.
The academy will be located at NIIT’s Gurgaon centre and most of the classes will be conducted there. However, based on client requests, some (business to business (B2B) programs may be conducted at client locations. The academy will also offer customized modular programs for companies as per their requirement.
KPMG believes that this finance academy will aid creating a large pool of industry-ready talent who are ready to meet the needs of the finance functions of the future.
The role of the finance function will increasingly be brought into question as technology, globalization and demographic trends continue to disrupt organizations, corroborates consultancy firm EY. The firm points out that where the finance function was once predominantly about reporting that focused on balancing the books, it will increasingly become a data-driven decision-center.
EY further notes that advances in new technologies such as in-memory computing, the cloud, analytics, mobility, artificial intelligence (AI), blockchain and robotic process automation (RPA), offer chief financial officers (CFOs) an exciting opportunity to reimagine what the finance function should look like.