Wolters Kluwer revolutionizes professional audit with CCH Axcess™ Audit

Driving the future of audit, CCH Axcess Audit is a comprehensive, cloud-based solution that propels audit firms of all sizes into new realms of speed, precision, and quality

MINNEAPOLIS: Wolters Kluwer Tax & Accounting (TAA), a global leader in professional information, software solutions, and services, today unveiled a robust expansion of CCH Axcess™ Audit, the latest in cloud accounting and auditing tools. The latest version of the CCH Axcess Audit suite seamlessly integrates with other key CCH Axcess modules for faster, more precise engagements across firms of all sizes.

The new technological advancements announced today reduce manual data entry, minimize errors, and sync data in real-time, adding a layer of agility and cohesion to every project. The power of the CCH Axcess platform, bolstered by its cutting-edge technology, enables firms to attract and elevate top talent by providing an agile, efficient, and innovative work environment that empowers professionals to excel in their roles and deliver unparalleled value to clients.

“With CCH Axcess Audit, we are igniting a transformation in how professionals approach auditing,” said Cathy Rowe, Senior Vice President and Segment Leader, U.S. Professional Market, Wolters Kluwer TAA. “Our platform empowers firms to embrace agility and innovation, allowing them to focus on delivering exceptional value to their clients while maintaining the highest standards of accuracy and compliance.”

The real power of the platform comes from its capacity to effortlessly integrate customers’ audit applications with tax prep, time and billing, practice management, workflow optimization, and client collaboration tools. Thanks to a shared platform, all CCH Axcess modules connect automatically, offering richer data insights and smoother processes across customers’ firms.

Key Highlights of CCH Axcess Audit:

• Power of the Platform: Wolters Kluwer's comprehensive suite of tools integrates effortlessly to enhance efficiency and accuracy. No other solutions in the market provide end-to-end digital workflows across tax, audit, and firm management as CCH Axcess does.
• Robust Functionality: The latest release introduces several key features that firms have requested. These include trial balances that support multi-tier consolidations and in-depth reporting, along with standardized data ingestion and automated ratio analysis. CCH Axcess Audit now supports firms of all sizes and encompasses a migration to CCH Axcess™ Engagement.
• Innovation with Machine Learning and Cognitive Intelligence: Integrations with TeamMate® Analytics and TeamMate® Document Linker offer a data-driven approach to scanning documents and linking evidence.
• Modern Native Cloud: Users can indulge in multi-user, real-time, anywhere access with limited offline document editing capabilities.
• Integrated Methodology: CCH Axcess™ Knowledge Coach is transforming auditing with its risk-based approach. It supports audits of all sizes and uniquely offers a full range of industry titles. The innovative features of Wolters Kluwer’s patented CCH Axcess Knowledge Coach enhance the checklist-based approach and are fully integrated with CCH Axcess Engagement, allowing for dynamic updates throughout the entire audit process.
• Integrated Research: The platform also includes CCH® AnswerConnect, an all-encompassing research platform for tax, accounting, and audit. CCH AnswerConnect now leverages GenAI to generate responses within its natural language Q&A function enriching the search experience and enabling accounting professionals to create more value for their clients.
• New Marketplace Vendors: TAA is expanding its influence into audit workflows by offering more data extraction options and innovative workflows for employee benefit plan audits. The platform’s data-driven approach is backed by impressive new additions to the marketplace, including AuditMiner and Finagraph.

The software is tailored to standardize, optimize, and automate processes, creating a powerful engagement management and risk-based methodology that streamlines procedures from secure confirmations to final reporting. This system ensures precision and instills confidence, making every audit a step towards success.

About Wolters Kluwer

Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services.

Wolters Kluwer reported 2023 annual revenues of €5.6 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,400 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

For more information, visit www.wolterskluwer.com, follow us on LinkedIn, Facebook, YouTube and Instagram.

Fonte: Business Wire