Connect with us

Media OutReach

AI adoption across Finance functions achieves standout levels of ROI with usage only set to increase

Published

on

71% of organisations are using AI in their finance operations

  • 57% of leaders say ROI is exceeding their expectations, compared to 29% of others.
  • Financial reporting is the most common usage area – but this is widening out to include treasury management, risk management and tax
  • Nearly three-quarters of leaders have developed principles and guidelines on the responsible use of AI

HONG KONG SAR – Media OutReach Newswire – 4 December 2024 – New research from KPMG International reveals the dramatic extent to which artificial intelligence (AI) is being deployed in organisations’ finance operations – with compelling levels of ROI and a wide range of benefits including better data and decisions, faster insights and reporting, lower costs, and greater operational effectiveness. The KPMG report reveals that organisations are extracting the most value from machine learning, deep learning, and generative AI and report the ROI from these technologies is either meeting or exceeding expectations.

The research, published in the KPMG global AI in finance report, covered 2,900 organisations across 23 countries and built upon research conducted earlier this year across 1,800 organisations in 10 countries. A maturity framework was created to assess respondents into three AI-readiness groups: 24% of organisations qualify as Leaders, while 58% are middle ground Implementers, and 18% are Beginners. KPMG has also developed an AI maturity benchmarking tool designed to help organisations assess their progress in the AI transformation journey.

AI deployment grows, Gen AI a key future priority

71% organisations are using AI to some degree in their financial operations. Currently, 41% of them are using AI to a moderate or large degree – and this is predicted to rise to 83% over the next three years. In just six months since the first wave of research, the spread of AI is already visible. Whereas in April 2024, 40% of organisations in the original 10 countries were using traditional AI in their finance operations to a moderate or large degree, this has increased to 45 percent.

The use of Gen AI has also grown. The percentage of companies with no intention to use Gen AI has fallen from 6% to just 1% now. Gen AI has become a top priority for the future, with 95% of leaders and 39% of others expecting to selectively or widely adopt it within financial reporting in the next three years.

Adoption everywhere

KPMG’s research also underlines the extent to which AI is being utilised around the world. While companies in the US, Germany and Japan are well ahead in AI usage, other major economies, such as Italy and Spain, are behind. The same dichotomy is evident in emerging markets, with China and India ahead in AI usage, and Saudi Arabia and the African countries further behind.

Adam Scriven, Head of Finance Transformation, Hong Kong at KPMG China, says: “Building AI capability has become an imperative for CFOs and Finance functions in embracing the digital age. It’s critical to recognise that AI is a capability, and not a technology product. We all have to start the AI journey, learn and build better capabilities. KPMG is helping clients establish the right data and systems, modelling and analytics backbone in order to harness the power of AI. KPMG is also co-creating AI solutions with clients to help build capability and go on the journey together.”

Alan Yau, Audit Innovation Leader at KPMG China, says: “AI in financial reporting is transforming the industry with enhanced accuracy, efficiency, and real-time insights. As a mega trend, AI enables predictive analytics and data-driven decisions. Upskilling and retaining talent are crucial in this evolution. Organisations must prioritise continuous learning to equip their workforce with AI skills, fostering innovation and adaptability, in order to drive sustainable growth and maintain a competitive edge in the market.”

AI usage opening out across finance

Companies are turning to AI in every area of corporate finance. Financial reporting is the most widespread usage area, with nearly two-thirds of companies piloting or using AI for reporting, accounting and financial planning. But other areas are following suit: nearly half of companies are now piloting or using AI for treasury and risk management. This can generate better debt management, cash-flow forecasting, fraud detection, credit risk assessment, and scenario analysis in the treasury and risk management functions. Tax management, however, sits slightly further behind. Less than one-third of companies piloting or using AI in this area, although about half are in the planning stage.

Leaders moving ahead

Leaders are showing the way, with more than three times as many leaders (87%) as others (27%) using AI in finance to a moderate or large degree. Leaders are moving fast and have on average developed six use cases for AI, almost double the number amongst others. Top areas for usage are research and data analysis (85%), fraud detection and prevention (81%), predictive analysis and planning (78%), and using Gen AI for composing documents and other content (75%).

Common barriers that all companies encounter include data security vulnerabilities (57%), limited AI skills and knowledge (53%), gathering consistent data (48%) and costs (45%) – but leaders are better able to navigate these through the steps they have taken. Their chief barriers become more advanced ones, such as integrating AI solutions with existing tools and overcoming any residual staff resistance.

Reaping the benefits and achieving ROI

As the use of AI in finance grows, the dividends multiply. When starting out, finance teams report two to three benefits. By the time they are leaders, that number is seven.

Just as the benefits from AI can rise with its usage, so does the potential return on investment. As a result, a remarkable 57% of leaders say ROI is not just meeting but exceeding their expectations. Even amongst less advanced adopters, nearly one third (29%) report the same.

Stanley Sum, Head of Digital Enablement at KPMG China, says: “AI is reshaping the finance function, paving the way for both potential opportunities and challenges. Hence, robust AI governance is not merely conducive to meeting regulatory demands, but it stands as an essential component. KPMG assists its clients in their journey to manage risks, promoting transparency and the ethical usage of AI in governance. By implementing mindful supervision now, we help safeguard the future of finance.”
Hashtag: #KPMGChina

The issuer is solely responsible for the content of this announcement.

About KPMG China

KPMG China has offices located in 31 cities with over 14,000 partners and staff, in Beijing, Changchun, Changsha, Chengdu, Chongqing, Dalian, Dongguan, Foshan, Fuzhou, Guangzhou, Haikou, Hangzhou, Hefei, Jinan, Nanjing, Nantong, Ningbo, Qingdao, Shanghai, Shenyang, Shenzhen, Suzhou, Taiyuan, Tianjin, Wuhan, Wuxi, Xiamen, Xi’an, Zhengzhou, Hong Kong SAR and Macau SAR. Working collaboratively across all these offices, KPMG China can deploy experienced professionals efficiently, wherever our client is located.

KPMG is a global organization of independent professional services firms providing Audit, Tax and Advisory services. KPMG is the brand under which the member firms of KPMG International Limited (“KPMG International”) operate and provide professional services. “KPMG” is used to refer to individual member firms within the KPMG organization or to one or more member firms collectively.

KPMG firms operate in 143 countries and territories with more than 265,000 partners and employees working in member firms around the world. Each KPMG firm is a legally distinct and separate entity and describes itself as such. Each KPMG member firm is responsible for its own obligations and liabilities.

KPMG International Limited is a private English company limited by guarantee. KPMG International Limited and its related entities do not provide services to clients.

In 1992, KPMG became the first international accounting network to be granted a joint venture licence in the Chinese Mainland. KPMG was also the first among the Big Four in the Chinese Mainland to convert from a joint venture to a special general partnership, as of 1 August 2012. Additionally, the Hong Kong firm can trace its origins to 1945. This early commitment to this market, together with an unwavering focus on quality, has been the foundation for accumulated industry experience, and is reflected in KPMG’s appointment for multidisciplinary services (including audit, tax and advisory) by some of China’s most prestigious companies.

Advertisement

Media OutReach

SIBUR Develops New Polyethylene Grade for FMCG Packaging

Published

on

MOSCOW, RUSSIA – Media OutReach Newswire – 13 August 2025 – SIBUR, Russia’s largest polymer producer, has developed a new grade of metallocene linear low-density polyethylene (mLLDPE) for flexible FMCG packaging.

The new grade – suitable for the production of barrier and lamination films, dairy packaging, as well as stretch films for wrapping – was developed by experts from SIBUR’s R&D centre with the direct involvement of several packaging manufacturers.

The grade, named mLL20183 FE, is comparable to foreign-made counterparts in terms of its physical and mechanical properties and has strong sales potential not only in Russia but also in international markets.

Products made from this polyethylene feature excellent sealing characteristics, strength, and tear resistance. Its improved processability enables film manufacturers to use blown film lines more efficiently. Additionally, the seamless transition between grades with different melt flow indices helps reduce operational costs.

Metallocene polyethylene is produced using metallocene catalysts (additives) based on zirconium or titanium, which enhance polymer properties, making it stronger, more transparent, and more flexible.

SIBUR produces metallocene polyethylene at the Nizhnekamskneftekhim production complex. By 2028, the company plans to fully modernise production by building a new plant capable of producing up to 300,000 tonnes of this premium polymer annually, which holds significant export potential.

Hashtag: #SIBUR

The issuer is solely responsible for the content of this announcement.

Continue Reading

Media OutReach

GWM Hosts World’s First Factory Marathon, Showcasing China’s Automotive Innovation to the World

Published

on

BAODING, CHINA – Media OutReach Newswire – 12 August 2025 – Great Wall Motor (GWM) has combined sport, technology, and industrial pride in a landmark event—the 2025 GWM Smart Factory Half Marathon—held inside its Xushui Smart Factory in Baoding, Hebei Province. Over 10,000 runners raced through stamping, welding, and assembly workshops, surrounded by a living showcase of China’s cutting-edge automotive manufacturing.

From the rhythmic movements of robotic arms to the precision of autonomous transport vehicles, participants witnessed first-hand how GWM’s fully automated production lines integrate intelligence and efficiency into every step of the manufacturing process. One runner, a GWM employee, recalled: “I was running alone when a robotic arm flashed ‘You can do it!’ on its screen. It was a small gesture, but it gave me real motivation.”

Today, GWM’s smart production systems seamlessly integrate automation into every step of the manufacturing process. Robotic arms now handle everything from body welding and materials handling to adhesive application and part transfers with speed and precision. Backed by continuous independent innovation, GWM has achieved in-house R&D and production of key components including engines, transmissions, and power batteries.

Relentless Pursuit of Core Technologies, GWM Accelerates Self-Reliant Innovation

GWM employs a formidable engineering workforce of 23,000 professionals, meaning one in every four employees is an engineer.

At the company’s Environmental Wind Tunnel Laboratory, new vehicle prototypes are put through rigorous simulations: searing sunlight, extreme heat, heavy rainfall, and hurricane-force winds. Inside the sealed chamber, these vehicles rotate through intense climate scenarios. Outside, technicians closely monitor real-time data on massive digital dashboards—precision and performance.

“Our Environmental Wind Tunnel is one of the most advanced in the industry, comprising 35 subsystems, including high-powered air blowers, chassis dynamometers, temperature and humidity controls, solar simulation, and centralized control systems,” said Li Can, Head of Environmental Simulation Testing Department of GWM Technical Center. “It can recreate temperatures from -40°C to +60°C, with wind speeds up to 250km/h—enabling us to simulate extreme climate conditions from around the world and ensure our vehicles meet global standards from day one.”

This facility is just one piece of GWM’s expansive innovation ecosystem demonstrating our commitment to technology. The company has invested nearly RMB 10 billion to establish a world-class testing complex, with more than 2,000 testing capabilities across new energy, thermal management, as well as dedicated facilities for crash safety, and comprehensive proving ground.

“Electrification and artificial intelligence have opened a new frontier for the automotive industry,” said Jack Wey, Chairman of GWM. We are leaning in—with a full-stack approach to intelligent vehicle technology, including our proprietary end-to-end intelligent driving models, next-generation AI data intelligence architecture, and the in-house Jiuzhou Supercomputing Center. Our next-generation advanced driver assistance system, developed entirely in-house, enabled real-world driving scenarios—from dense city streets to open highways, from rural roads to precision parking. We believe technology is not just a tool—it is the engine that drives our future,” Jack Wey added. “That’s why we are unwavering in our commitment to R&D and innovation.”

Driven as One, GWM Strengthens its Automotive Supply Chain Through Vertical Integration

In the 1990s, GWM was still a small manufacturer focused on pickup trucks, relying heavily on external suppliers for core components like engines and transmissions. To change that, the company established its own engine and component subsidiaries, gradually integrating its supply chain to enhance in-house R&D and manufacturing capabilities.

But such success also brought new challenges. These newly formed component subsidiaries depended almost entirely on internal orders from GWM, leaving them with little incentive for innovation. As a result, their costs exceeded those of third-party suppliers, and product competitiveness lagged behind.

In 2018, GWM made a bold move—all of its component subsidiaries were spun off as fully independent companies. Initially, this came at a cost. Without guaranteed orders from GWM, many struggled to survive. “That was one of the toughest periods we’ve been through,” recalled Zhang Dehui, Chairman of Nobo Automotive Systems. “We had to compete head-to-head with international suppliers for GWM’s business. It forced us to raise our quality standards and invest in core capabilities. It took several years of hard work before we could secure mass production contracts again.”

Yet that difficult transition unlocked new opportunities. Freed from internal dependency, Nobo began supplying global OEMs, including BMW, and officially entered the international supply chain.

GWM was among the first Chinese automakers to pursue vertical integration. Over the past 35 years, GWM has built a comprehensive and fully integrated supply chain ecosystem—one in which each part supports the others, and resources are circulated with maximum efficiency. “To build a globally competitive automotive brand, strength on the production and technology side is only part of the equation,” said Jack Wey, Chairman of GWM. “We must also develop unique advantages on our channels and customer touchpoints. Our suppliers and dealers are not just partners, they’re our teammates, standing shoulder to shoulder with us.” “In the future,” he added, “We must fully harness the power of digital technology to enable seamless collaboration across the entire ecosystem, future competition won’t just be about supply chains—it will be about industrial ecosystems.”

Driving Global Ambition, Spotlighting Chinese Brands

“This EV offers a 200km range on a single charge, with fuel consumption as low as 7L/100km in hybrid mode. It features surround-sound audio, a built-in AI large language model, and even a 12.5L independent refrigerator that cools down to 0°C…” This May, international delegates inspected our new models including the WEY G9, GWM TANK 300 Hi4-T, and HAVAL H9, each equipped with cutting-edge technologies designed for global consumers

Jack Wey shared that the new plant in São Paulo, Brazil—set to begin operations mid-year—will have an annual production capacity of 50,000 new energy vehicles and create 2,000 local jobs. The plant will adopt intelligent, digitalized production systems and produce a range of powertrains including BEVs and hybrids, all equipped with advanced intelligent connectivity features.

GWM’s “Ecological Globalization” strategy has drawn increasing attention for its “ecosystem-based” approach. The company believes that internationalization is not just about shipping products overseas—it’s about brand globalization and industrial capability transfer. What began as simple product exports has now evolved into a comprehensive strategy of establishing fully integrated manufacturing bases abroad. GWM’s overseas operations now span the full value chain—R&D, production, supply, sales, and service—marking a true shift from product-driven globalization to full-scale “Ecological Globalization.”

Today, at GWM’s Rayong NEV Plant in Thailand, locally produced EV – ORA03 EV is steadily rolling off production line with over 50% local content.

This facility is GWM’s second full-production vehicle manufacturing base outside China—and the first overseas plant dedicated to new energy vehicles. Spanning 658,800 square meters, the plant is set to produce 80,000 units annually during the first phase. Designed to the highest global manufacturing standards, the plant incorporates advanced systems for production, quality management, environmental protection, and digital technologies. With fully upgraded intelligent equipment and technologies, the plant sets a new benchmark for intelligent, sustainable manufacturing upgrade in Southeast Asia.

Wayne Zhou, Marketing General Manager of GWM Thailand, emphasized: “Every Chinese automaker’s global expansion represents Chinese manufacturing excellence – we’re China’s calling card. Chinese NEV brands are accelerating Thailand’s transition to the future of new energy mobility, bringing more NEVs to more Thai consumers.”

GWM’s global footprint continues to grow at pace. Its international sales network now covers over 170 countries and regions, supported by more than 1,400 overseas dealerships. The company has sold more than 2 million vehicles outside China, with a global user base exceeding 15 million. In 2024 alone, GWM recorded overseas sales of 450,000 units.

Hashtag: #GWM

The issuer is solely responsible for the content of this announcement.

Continue Reading

Media OutReach

Top 1 Wearable Pump Brand in 2024, Momcozy Launches ‘More Than Pumping’ for Breastfeeding Month

Published

on

“More Than Pumping” will amplify trusted voices, offer emotional support, and provide expert guidance to create a breastfeeding-friendly environment where mothers feel understood and supported

SINGAPORE – Media OutReach Newswire – 12 August 2025 – As Breastfeeding Awarenesss Month begins, Momcozy, the global No.1 wearable breast pump brand, proudly launches its newest initiative “More Than Pumping, Real Support with Trusted Voices“. The initiative highlights the company’s mission to not only meet the functional needs of breastfeeding moms, but also deliver culturally conscious emotional and educational support.

Top 1 Wearable Pump Brand in 2024, Momcozy Launches ‘More Than Pumping’ for Breastfeeding Month

Following its success in over 60 countries and regions, Momcozy is now bringing its award-winning products and trusted community support to mothers across Singapore, Malaysia, Indonesia, Vietnam, Thailand, Philippines, India, Japan and Australia and more — strengthening its footprint in one of the world’s fastest-growing maternal care markets-Asia Pacific Region.

At Momcozy, we believe a breast pump is more than just a tool—it belongs to a whole system of care,” said Ellen Zhou, APAC Marketing Director, at Momcozy. “Designing for moms means understanding their realities—the long nights, the pumping breaks between meetings, the quiet moments of doubt, and the powerful ones of pride. The ‘More Than Pumping’ campaign draws on expert advice, lived experiences, and stories from over four million moms worldwide, so every mother feels recognised, supported, and empowered—no matter how she chooses to feed. This blend of innovation and genuine care has earned Momcozy its position as the global No.1 wearable breast pump brand by market share. With #MomcozyRealSupport, the company hopes to bring mothers more comfort, confidence, and calm each day.”

Star Product Lineup: Innovation Moms Trust

From breast pumps to maternity pillows, nursing bras, massagers, feeding gear like bottle washer and sterilizer, Milk cooler and warmers, and more, Momcozy supports mothers through every stage of pregnancy, nursing, and parenting—encouraging them to stay true to themselves while caring for their little ones. Beloved by millions worldwide and rapidly growing in the region.

Global Voices, Local Relevance: Becca Kufrin Leads the Way

Momcozy’s U.S. Brand Ambassador Becca Kufrin shares her breastfeeding journey with “My Breastfeeding Moments” story. Her vulnerable reflections underscore the challenges and triumphs of new motherhood and reinforce the brand’s core message: breastfeeding is more than pumping — it’s reclaiming a sense of self.

For “More Than Pumping”, Becca is opening up about her raw experiences in finding flexibility in chaos, strength in uncertainty, and pride in every moment. She shares her story to remind moms everywhere that breastfeeding is more than pumping – it’s about reclaiming a sense of self, finding flexibility, and honoring every ounce. She invites moms to join the conversation and feel proud of every effort.

In Asia-Pacific, Momcozy will feature local experts and real mothers in different ways, addressing culturally specific breastfeeding challenges .

Clinical Credibility and Expert-Led Education

Motherhood comes with endless questions, and having reliable, professional guidance is essential. To meet this need, Momcozy established the Medical Advisory Board (MAB) — led by Dr. Fran Haydanek, Dr.Krupa Playforth, and Latham Thomas — bringing together expertise in pediatrics, lactation, maternal health, and holistic wellness. The board guides product design, co-creates educational content, and ensures all support is science-backed, empathetic, and relevant to mothers worldwide

Inclusive, Empowering Conversations: Collaborations with NAPS and Mama Glow

In partnership with trusted maternal care voices NAPS and Mama Glow, Momcozy is delivering programs that resonate with mothers worldwide, including an enthusiastic following in Asia Pacific Region.

Kicking off in August, Momcozy and NAPS will launch a four-part webinar series airing every Friday at 1 PM EST. Covering essential topics like pumping strategies and nighttime routines, the series offers practical, clinically grounded guidance for new parents.

On August 5, Momcozy and Mama Glow will debut their first-ever joint program — the downloadable digital resource “Build Your Feeding Village”, providing culturally mindful breastfeeding support for families. Later in the month, on August 27, Momcozy will join the “Feeding Our Futures” livestream panel, exploring the cultural importance and systemic challenges of breastfeeding.

Designed by Care, Backed by Innovation

Recognized as the Global No.1 Wearable Breast Pump Brand with a 2024 global market share of 19.32% (Based on global market share of wearable breast pumps, Grand View Research 2024), Momcozy has become the trusted choice of over 4 million mothers across more than 60 countries and regions.

With 49 industry awards — including the Red Dot Design Award, Best of the Bump Awards, Made for Mums Awards, and Mother & Baby Awards — Momcozy’s designs are recognized worldwide for innovation, quality, and comfort.

For example, Winner of the Kind + Jugend ASEAN 2025 Innovation Award, the M9 wearable pump exemplifies Momcozy’s dedication to supporting mothers through thoughtful, expert-informed design. Engineered for comfort and convenience, the M9 is the ideal solution for moms on the go. In Asia pacific region, products are available via the Momcozy official website, Amazon, Shopee, TikTok Shop, and through local mother-and-baby retail chains, making premium maternal care both accessible and convenient.

*Based on global market share of wearable breast pumps, Grand View Research 2024

**Data as of July 2025 from Amazon’s official platform.
Hashtag: #Momcozy

The issuer is solely responsible for the content of this announcement.

About Momcozy

Since its founding in 2018, Momcozy has rapidly emerged as a leader in the FemTech space, offering a range of products designed to support mothers and babies from pregnancy through postpartum and beyond. With its wearable breast pumps, nursing bras, and other essential products that seamlessly integrate into the lives of modern mothers, the brand has redefined maternal care. In 2024, its wearable breast pump claimed the highest global sales revenue in its category*.

Over the years, Momcozy has amassed a huge community of over four million** mothers across 60 countries and around two million followers across its social media platforms. It holds more than 520 authorized patents and over 330 registered trademarks, with products available both on the brand’s website and through major retailers including Babylist, Walmart, Target, and Amazon. Momcozy stays deeply committed to innovation and comfort. Its mission is to offer comprehensive solutions that empower mothers with the support they need at every stage of their journey.

Continue Reading

Trending