Utilizing proprietary data sources and benchmarks, Elevate brings together many industry-focused practitioners and multiple data scientists to provide businesses rigorous as well as practical insights that create rapid and sustained EBITDA impact.
FREMONT, CA: COVID-19 has increased business challenges for some companies while creating new ones for others. Both circumstances require precise, agile enterprise-wide assessment as well as improvement. Elevate, the next generation of KPMG's Performance Improvement offering, gives proprietary data-driven insights coupled with industry experience to improve commercial performance, control costs, and unlock capital to invest in new opportunities.
Utilizing proprietary data sources and benchmarks, Elevate brings together many industry-focused practitioners and multiple data scientists to provide businesses rigorous as well as practical insights that create rapid and sustained EBITDA impact. "Historically, almost three-quarters of business transformation initiatives fail to reach their margin and revenue goals," stated Scott Rankin, KPMG Elevate leader. "By leveraging industry expertise at scale, Elevate offers businesses a unique opportunity to transform within the new reality."
Recently, Elevate was deployed to help large consumer goods manufacturers and also distributors. Sales had been declining for the past few years and profits were down by 20 percent, before Covid-19 occurred. KPMG Elevate was capable of accelerating the company's top-line growth, improving EBITDA by over 25 percent by increasing customer focus, streamlining the organization, and optimizing operating expenses. At the same time, Elevate speeds up the firm's adoption of digital capabilities, including an e-commerce platform, which added thousands of new customers within months.
Elevate can help companies improve, reposition, or find strategic solutions to improving performance and managing costs. "Elevate was created to enhance
performance improvement under a variety of scenarios, even a global pandemic," stated Sanjay Sehgal, KPMG Advisory Head of Markets. "Disruptive competition has been a trend for many years, and companies must remain vigilant about driving greater efficiency from the front through the entire back office. This unique market environment offers a once in a generation opportunity to make dramatic changes quickly."