Wolters Kluwer and Validis sign exclusive agreement
Select language to see a machine translation of this article. The original language of the Article is English and the translation is provided for your convenience.

Wolters Kluwer and Validis sign exclusive agreement

Wolters Kluwer Tax & Accounting has signed an exclusive agreement with Validis Holdings, a company that specializes in data extraction and analytics software solutions for the accounting and lending industries. The deal will see Wolters Kluwer expand its current audit product portfolio with a powerful new tool, CCH® Audit Accelerator – a platform capable of importing reports created by the Validis for Accountants service, thus vastly reducing the time taken to conduct an audit.

Wolters Kluwer is up 14% so far this year

wolters1204 gph

SOURCE: Yahoo Finance

Heffy Provost, executive vice president and general manager of Wolters Kluwer Tax & Accounting America’s mid / large segment, said:

“Customers tell us that auditors spend anywhere from 20 - 48 hours gathering the data required for an audit, which often impacts their ability to keep all the engagements on schedule during busy season. The strategic alliance between Wolters Kluwer and Validis will help accelerate audit preparation so that customers can better focus on the audit itself, stay on track during busy season, keep staff engaged and enhance their client relationships – all of which are critical to continued success and higher quality audits.”

CCH® Audit Accelerator will be a part of Wolters Kluwer’s Integrated Audit Approach – a system that focuses on auditor judgment, rather than the provision of judgment-making tools. It is designed to streamline the entire audit process, and facilitate auditors’ ability to make informed decisions.

Max Pell, Validis’ CEO, said:

“We are tremendously excited about our new strategic partnership with Wolters Kluwer. We believe that by working together, we will transform the way in which audits are conducted today — removing the transactional non-value added work to allow auditors to focus on providing a higher level of insight and advice to their clients.”

Disclosure

Dominion holds Wolters Kluwer in its Global Trends Managed Fund.


If you would you like to receive the Newsfeeds daily, please click here to sign up now!

Help us make this Newsfeed better by rating this article. 1 star = Poor and 5 stars = Excellent
0.0/5 rating (0 votes)

Disclaimer
The views expressed in this article are those of the author at the date of publication and not necessarily those of Dominion Fund Management Limited. The content of this article is not intended as investment advice and will not be updated after publication. Images, video, quotations from literature and any such material which may be subject to copyright is reproduced in whole or in part in this article on the basis of Fair use as applied to news reporting and journalistic comment on events.