KPMG Australia, the Commonwealth Bank, and Microsoft have partnered to launch Wiise, a platform providing cloud-based business management software aimed at the small to medium enterprise (SME) market.
With the entity to be based out of fintech hub Stone and Chalk in Sydney, Wiise’s integrated platform will allow businesses to manage their finances, from their accounting, to payroll, and banking, and their operations, from HR to inventory and manufacturing.
With this in mind, Wiise is aimed at the SMEs that have “more complex needs”, citing a recent poll it conducted of over 300 SMEs that found 78 percent view their business and operations as having either medium or high complexity; its website is inviting businesses to “graduate from accounting software to a complete system”.
James Hunter, national managing partner, markets and growth at KPMG Australia, said the idea for the platform came through the organisation’s acquisition of Hands-On Systems, a Microsoft systems implementer.
“It opened our eyes to a gap in the market between existing cloud accounting software providers to SMEs and enterprise-scale ERP solutions. By collaborating with market leaders, CBA and Microsoft, we have been able to develop a single platform at an affordable price to unite SMEs’ accounting, financial and business needs,” he said.