PMG Cambodia Limited celebrated its 20th anniversary last year, but for one of the world’s leading professional services firm, even two decades can seem like just the beginning of the long journey ahead.
The firm, which is one of the largest professional organisations in Cambodia, demonstrated its drive to adapt to changing business needs in the Kingdom when it acquired Phnom Penh-based Premier Consulting (Cambodia) Limited at the beginning of this year.
The acquisition not only added to KPMG’s local growth and strength, but also enhanced the company’s ability to provide the best services possible to an ever-growing list of clients.
The addition of Premier Consulting’s expertise to KPMG’s established business portfolio brings a new dimension to the firm expanding its traditional Audit, Tax and Advisory services in to additional consulting, payroll, compliance and other essential business services.
“We constantly strive to undertake strategies to develop new services and capabilities, recruit new experts and assist clients with market-leading ideas and technology,” said KPMG Senior Partner Michael Gordon. “It all boils down to turning knowledge into value to benefit our clients as they look to not only undertake their day to day business activities, but also to transform their business models and operations.”
The acquisition also comes at a time when more and more clients are turning towards KPMG to help shape their plan for change and to deliver innovative new services that enable greater growth and enhanced performance.
KPMG’s clients understand the fact that business models must evolve to be successful in the face of accelerating globalisation, innovation and technology disruption, regulatory change and the rise of the socially connected and empowered consumer.
“Given the fast-paced, ever-changing business environment here and the considerable competition in the audit, tax, advisory and business consulting services, the acquisition of Premier certainly gives KPMG an edge in the market,” said James Roberts, former partner of Premier Consulting who is now a partner at KPMG.
“This ensures we are continuously evolving and adding to our offerings and ability to provide clients with an unparalleled level of service at every stage of the business life cycle.”
As Cambodia prepares to integrate itself into the ASEAN Economic Community (AEC) later this year, KPMG believes that more businesses will take advantage of the firm’s expanding strengths and strong market position to move in line with the government’s call for industry owners to restructure the way they do business and face up to inevitable challenges and opportunities.
“The government is taking all necessary steps to ensure both the government and private sectors integrate as seamlessly as possible into the AEC,” said Gordon. “KPMG has the expertise and experience, a strong reputation for being focused on customer needs and the necessary tools and knowledge to ensure our clients’ businesses grow and remain competitive as they ease into the regional economic market, and ultimately, become fully integrated into the global economy.”