Wolters Kluwer partners with Xero to streamline professionals’ working lives
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 partners with Xero to streamline professionals’ working lives

Wolters Kluwer Tax & Accounting in North America’s CCH Axcess Financial Prep (AFP) is a software solution for grouping accounts and creating tax reports. The tool eliminates a lengthy manual process and, as a result, has become a wildly popular piece of tax preparation software. Now, to extend its appeal and help it become even more indispensable, Wolters Kluwer has decided to work with market-leading accounting app Xero, letting the two systems integrate for better functionality.

Wolters Kluwer’s share price grew by 4% in the first three weeks of the year

graph 22 wolters

Source: Yahoo Finance

Jim McGinnis, executive vice president and general manager of Wolters Kluwer Tax & Accounting North America, Medium and Large Firm segment, said: “With our open integration platform, professionals can use the tools directly within CCH Axcess to easily integrate client account data, allowing them to spend less time completing tax returns and more time advising clients. An integrated relationship between client data and our tax preparation software means we can deliver automation tools such as predictive intelligence to drive the professional’s strategic advisory services.”

According to the two companies’ press release, news of this integration is “generating excitement” from professionals. It quotes Donna Bordeaux, a certified public accountant with Calculated Moves, PC, saying: “We are excited about the new integration, in North America, between Wolters Kluwer and Xero. We will no longer have to spend time diagnosing why a return won't balance or if an expense account entry was omitted. Using CCH Financial Prep allows us to standardize the review process and verify that the tax return and the trial balance truly match. We look forward to the coming tax season and the time savings this software will help our firm achieve.”


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)

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.