Wolters Kluwer Tax and Accounting (TAA) recently announced a series of enhancements to its comprehensive cloud solution, CCH Axcess designed to streamline workflows across return preparation, firm management, and audit. Additionally, they have expanded vendor participation in the CCH Marketplace, further committing to open integration in support of growth.
At the core of these enhancements is firm intelligence empowering professionals to harness the power of data, industry insights, and integrated tools to optimize potential and maximize expertise. This latest series of innovations leveraging cutting-edge AI technology is aimed at enabling professionals and businesses of all sizes to drive productivity, adeptly navigate change, and deliver superior outcomes. The future of firm intelligence is embraced with CCH Axcess, where innovation meets productivity.
CCH Axcess’ integrated platform eliminates the need for configuring multiple integration points, providing firms with full visibility into their operations, including access to real-time project updates, broader workflow trends, and key performance indicators, effectively enhancing the management of the entire firm.
“Wolters Kluwer is at the forefront of technological innovation in the tax and accounting industry,” said Cathy Rowe, SVP and Segment Leader, U.S. Professional Market, Wolters Kluwer TAA North America. “With our comprehensive, cloud platform, firms can enhance their operations, attract talent, and deliver unparalleled value, ensuring compliance and accuracy in an ever-evolving landscape.”
CCH Axcess Tax
The upcoming enhancements for CCH Axcess Tax focus on increasing tax professionals’ productivity by streamlining workflow, expanding client data access, improving AI connectivity, and enhancing reporting accuracy. These updates should reduce task time, increase compliance with new reporting mandates, and improve consolidation features for improved electronic filing control. With the latest updates, customers will be able to benefit from:
- AI-powered research integration with CCH® AnswerConnect for instant insights.
- Advanced API capabilities for seamless data import.
- Enhanced K-1 import functionality.
- Updated 1042 electronic filing support.
- A new streamlined solution for reporting mandates – CCH Axcess™ Beneficial Ownership.
- Improved consolidation features for better control over electronic filing.
CCH Axcess Firm Management
CCH Axcess Firm Management solutions have made significant strides in helping professionals manage priorities and streamline workflows. Key advancements include enhanced integrations, advanced AI capabilities, and innovative improvements across reporting, billing, data extraction, and collaboration tools. Specific enhancements include:
CCH Axcess Audit
CCH Axcess Audit solutions continue to harness the power of the CCH Axcess platform to deliver high-quality audits, placing a strong emphasis on auditor judgment and client comprehension. Recent advancements include:
- A modern user interface for a more intuitive experience.
- Increased automation for efficiency and reduced errors.
- Robust trial balance reports for comprehensive financial oversight.
- Highly customizable templates to fit varying auditing requirements.
- Micro-learning tutorials offering an integrated learning experience for auditors.
- Multi-user support ensuring collaborative and concurrent work.
- Automated ratio analysis to better tailor engagements to entity complexity.
- Contextual guidance to enhance the knowledge of junior staff.
- Expansion of CCH Axcess Validate to bring in bank statements for fully automated bank confirmation processes.
- Enhanced accuracy and risk reduction through the elimination of manual, time-consuming methods.
CCH Marketplace
The CCH Marketplace continues to enhance the capabilities of CCH software through strategic collaborations. New vendors including AuditMiner, Abdo Compass, Finagraph and Ignition provide increased efficiency through native integrations and automation across tax, audit, and firm management workflows. New service providers and consultants including Protection Plus, Rightworks, Eric Does Data and Rare Karma provide customers with robust, trusted options tailored to their professional needs. An ever-growing developer portal underscores Wolters Kluwer’s commitment to empowering firms and third-party vendors innovating with CCH Axcess APIs.
“Our mission is to empower tax and accounting professionals to maximize productivity through cutting-edge technology and innovative solutions,” said Rowe. “By enabling seamless automation and streamlining processes with tools in our clients’ workflow, we allow them to focus on what matters most to them: client success and business growth.”
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