Wolters Kluwer Unveils Multiple Enhancements to Its Digital Tax Workflow Solutions
23 Oktober 2017 - 9:00PM
Business Wire
CCH Axcess and the CCH ProSystem fx Suite Help
Customers Grow, Manage and Protect Their Businesses
During the 13th annual CCH Connections User Conference, Wolters
Kluwer Tax and Accounting showcased a series of enhancements to CCH
Axcess™, the profession’s first cloud-based, modular tax workflow
solution suite operating from a single, core database, and CCH®
ProSystem fx®, its on-premise solution. Both award-winning
solutions support the entire Digital Tax Workflow process and help
firms grow, manage and protect their businesses.
“Wolters Kluwer is enhancing CCH Axcess Tax and CCH ProSystem fx
Tax with new features, capabilities, integration points and
technologies to help firms deliver first-class service to their
clients,” said Jason R. Marx, CEO of Wolters Kluwer Tax and
Accounting, North America. “Whether it’s creating new efficiencies,
increasing workplace and remote productivity, or helping increase
firm profitability, we’re committed to providing our customers with
innovative technologies.”
CCH Axcess Portal and CCH Client Axcess
The new 2-step verification feature in CCH Axcess Portal helps
firms protect client information. This type of system relies on
verification of two or more factors (for example, a password and a
mobile device) in order to log in to a portal. The 2-Step
Verification feature is currently available for customers using the
standalone version of CCH Axcess Portal. For customers using CCH
Axcess Portal integrated with CCH Axcess Document or CCH ProSystem
fx Document, 2-step verification will be available starting in
November.
CCH Axcess Practice
The recent enhancements to CCH Axcess Practice build upon last
year’s improvements that made Accounts Receivable and Billing and
Reporting functionality significantly easier and more streamlined.
This year’s enhancements provide added efficiency, including:
- Additional billing options that can
help save time regardless of the billing model a firm uses
- Easier navigation of the billing
process, provided by the continued addition of HTML 5
functionality
- Advanced editing capability to allow
for total control of invoice formatting
CCH Axcess Workstream
When a regulatory due date changes, projects must reflect that
change. CCH Axcess Workstream has always made it easy to update
projects, but integration with the CCH IntelliConnect Tax Calendar
now makes these updates even faster. CCH Axcess Workstream’s
library of approximately 2,500 forms will update within two
business days of an update to the tax calendar. This change
positions CCH Axcess Workstream for deeper integration in the
future with CCH IntelliConnect’s database of over 10,000 forms.
CCH Axcess Document
A new CCH Axcess Document integration with CCH Axcess Tax, CCH
ProSystem fx Tax and Global fx lets users easily attach PDF files
from Document to their clients’ tax returns. Users simply click and
attach. The Document window displays a list of PDFs for their
client.
CCH My1040Data
This year, users of the CCH My1040Data electronic organizer will
have the opportunity to integrate with third-parties. This is an
efficient way for clients to link to 10 of the largest brokerage
houses and electronically download their annual tax documents
directly into our My1040Data electronic organizer, with more
brokerage houses coming on in future offerings.
CCH ProSystem fx Tax and Global fx
The recent CCH Axcess Tax and CCH ProSystem fx Tax updates are
designed to navigate complex regulations, support effective firm
management, and accelerate firm growth. Starting with the
November/December 2017 releases, highlights that both solutions
will offer include:
- Diagnostics
- Allows users to mark diagnostics as
‘signed-off’. Users can see All, Signed-off, or Open diagnostics,
speeding up the review process. Users can also un-sign off a
diagnostic.
- IRS & State Security
Requirements
- New Multi Factor Authentication –
Though not required this year, firms will be able to opt in at the
firm level. If they opt in, user logins will require an additional
piece of information to authenticate the user. (CCH Axcess
only)
- Usability enhancements to the CAPTCHA
requirement – will be much easier to read and will include
audio.
- 1040 Federal
- First Extensions – Users can now check
a box to have us automatically create extensions for all taxing
authorities in the return. This is a huge time saver!
For CCH ProSystem fx Tax and Global fx Tax, some additional
highlights include:
- Printing
- Users can now print PDF attachments on
the print dialog, whether the return is selected for e-file or
not.
- In the return and in Production
Processing, users can preview and print selected/multi-selected K-1
packages (to separate PDFs).
- User can now hit ‘All’ and multi-select
to the Print Estimates print package.
- QuickBooks import
- 1040 Import from QuickBooks – Targeted
for December
- New for tax year 2017, users will be
able to import 1040 data from QuickBooks. This import will be
provided through the G/L Direct feature.
Open Integration Platform
The Open Integration Platform allows customers and vendors alike
to seamlessly integrate their applications and custom solutions
with Wolters Kluwer’s cloud platform. New APIs will allow firms to
access Reject report details, the history report, and validation
error details. In addition, the new Data Axcess APIs allow for
more direct access to information in the CCH Axcess Practice and
Workstream databases. We are also continuing to add new OIP
partners, in addition to building our own integrations.
About Wolters Kluwer Tax and Accounting
Wolters Kluwer Tax and Accounting is a leading provider of
software solutions and local expertise that helps tax, accounting,
and audit professionals research and navigate complex regulations,
comply with legislation, manage their businesses and advise clients
with speed, accuracy and efficiency.
Wolters Kluwer Tax and Accounting is part of Wolters Kluwer N.V.
(AEX: WKL), a global leader in information services and solutions
for professionals in the health, tax and accounting, risk and
compliance, finance and legal sectors. We help our customers make
critical decisions every day by providing expert solutions that
combine deep domain knowledge with specialized technology and
services.
Wolters Kluwer reported 2016 annual revenues of €4.3 billion.
The company, headquartered in Alphen aan den Rijn, the Netherlands,
serves customers in over 180 countries, maintains operations in
over 40 countries and employs 19,000 people worldwide.
Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and
are included in the AEX and Euronext 100 indices. Wolters Kluwer
has a sponsored Level 1 American Depositary Receipt program. The
ADRs are traded on the over-the-counter market in the U.S.
(WTKWY).
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Wolters Kluwer Tax and AccountingMarisa
Westcott646-753-2980Marisa.Westcott@wolterskluwer.comorBrenda
Au847-267-2046Brenda.Au@wolterskluwer.com