US-based tax software, research, and compliance solutions provider Wolters Kluwer Tax and Accounting (TAA) has announced a series of enhancements to its CCH Axcess solution.
The CCH Axcess solution is designed to simplify workflows across return preparation, firm management, and audit processes.
According to the company, the integrated platform eliminates the need for configuring multiple integration points and provides the companies with full visibility into operations.
The platform has been enhanced to include access to real-time project updates, wider workflow trends, and key performance indicators, that improve the management of the entire firm.
The enhancements use advanced AI technology, to enable professionals and businesses to drive productivity, navigate change, and deliver superior outcomes, said Wolters Kluwer.
Wolters Kluwer TAA North America US professional market SVP and segment leader Cathy Rowe said: “Wolters Kluwer is at the forefront of technological innovation in the tax and accounting industry.
“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.”
Wolters Kluwer has announced upcoming enhancements to its CCH Axcess Tax, which will focus on increasing tax professionals’ productivity by streamlining workflow.
The enhancements are said to expand client data access, improve AI connectivity, and enhance reporting accuracy to reduce task time and increase compliance with new reporting mandates.
CCH Axcess Tax will be integrated with CCH AnswerConnect for AI-powered research and instant insights, along with advanced API capabilities for seamless data import.
The solution will also feature enhanced K-1 import functionality, updated 1042 electronic filing support, and CCH Axcess Beneficial Ownership, a new solution for reporting mandates.
Wolters Kluwer announced key advancements for the CCH Axcess Firm Management solution, including enhanced integrations, and advanced AI capabilities.
The solution will offer AI-powered optical character recognition (OCR) verification in CCH ProSystem fx Scan with AutoFlow Technology to reduce review time.
It will feature migration tools for CCH Axcess Workflow and expansion of Xpitax outsourcing services with new Xpitax BOI Outsourcing Services and tax conversion services.
The CCH Axcess Client Collaboration will have new tools, including new integrations with the CCH Axcess Document, and improved billing features in CCH Axcess Practice.
Wolters Kluwer announced advancements to CCH Axcess Audit solutions including a modern user interface, increased automation, enhanced trial balance reports, and custom templates.
The advancements include micro-learning tutorials for auditors, multi-user support for collaborative work, automated ratio analysis and contextual guidance.
Wolters Kluwer has expanded vendor participation in the CCH Marketplace, to provide professionals with data, industry insights, and tools to optimise and maximise expertise.
The new vendors including AuditMiner, Abdo Compass, Finagraph, and Ignition will enhance efficiency through native integrations and automation across tax, audit, and firm management.
Also, the new consultants Protection Plus, Rightworks, Eric Does Data, and Rare Karma will provide customers with trusted options customised to their professional needs.
Rowe added: “Our mission is to empower tax and accounting professionals to maximise productivity through cutting-edge technology and innovative solutions.
“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.”
