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
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.”
Dominion holds Wolters Kluwer in its Global Trends Managed Fund.
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