Wolters Kluwer Enhances CCH iFirm with GenAI-Powered Tools
Wolters Kluwer Enhances CCH iFirm with Innovative Solutions
Wolters Kluwer Tax and Accounting today unveiled a groundbreaking integration of CCH AnswerConnect within the CCH iFirm platform aimed at boosting the productivity of accounting professionals in Canada. This new feature harnesses the power of generative AI to deliver advanced tax research capabilities, allowing users to enhance their workflow during the critical tax season. As a pioneering step in integrating tax research tools with practice management software, it sets a new standard for efficiency in the accounting industry.
Transforming Tax Research with AI
The integration of CCH AnswerConnect provides CCH iFirm users with direct access to AI-driven search features and authoritative answers, thus minimizing the need for navigating multiple platforms and reliance on uncertain online sources. This seamless access makes tax research more efficient and reduces the risk of misinformation, an essential factor for professionals working under tight deadlines.
Accessing Reliable Information
This innovative solution allows professionals to streamline their research directly within the CCH iFirm system, significantly saving time and enhancing accuracy—crucial benefits during the busiest times of the year. With easy access available in both English and French, it showcases Wolters Kluwer's dedication to meeting the diverse needs of Canadian users.
Expert Insights from Leadership
Highlighting the importance of this integration, Dean Sonderegger, Senior Vice President and General Manager of Wolters Kluwer TAA North America, states, "This innovative integration exemplifies our commitment to empowering tax and accounting professionals with technologies that augment their workflows and improve client service capabilities."
Key Features and Benefits of the Integration
The combined functionalities of CCH AnswerConnect and CCH iFirm deliver multiple benefits tailored for Canadian tax and accounting experts:
AI-Driven Efficiency
Users can leverage generative AI responses and extensive tax research directly through the CCH iFirm platform, eliminating the inefficiencies of using various applications.
Trusted Expertise
CCH AnswerConnect provides reliable answers curated by Wolters Kluwer’s experienced editorial team, ensuring that professionals receive the highest quality information.
Streamlined Workflows
By enabling tax research within CCH iFirm, professionals can enjoy streamlined workflows, translating to more efficient operations during peak times.
Enhanced Collaboration
The integration supports practice management features like invoicing and compliance, promoting better collaboration among account teams and improved overall performance.
The Necessity of Integrated Solutions
Insights from the latest surveys emphasize that firms that utilize integrated solutions significantly outperform their competitors. High-growth accounting firms report a profitability increase when leveraging cloud-based tools, reinforcing the necessity to adopt such innovations. According to Sonderegger, the shift towards strategic technology integration is crucial: "In this competitive landscape, it’s essential to not only meet but exceed client expectations. Our integrated solutions support firms in achieving enhanced operational efficiency and profitability."
Building on Success
The addition of CCH AnswerConnect to CCH iFirm represents a continuation of Wolters Kluwer’s mission to support tax professionals with the best-in-class resources and tools. This integration follows the successful rollout of CCH AnswerConnect in the U.S., illustrating the company’s strong commitment to digital transformation worldwide.
Availability and Future Outlook
Professionals can access the CCH AnswerConnect integrated into CCH iFirm immediately, paving the way for a more efficient tax preparation season. As businesses increasingly demand integrated solutions, Wolters Kluwer stands at the forefront of this evolution.
Frequently Asked Questions
What is the main purpose of integrating CCH AnswerConnect with CCH iFirm?
The integration aims to enhance the efficiency of tax research processes, allowing users to access reliable information directly within the CCH iFirm platform.
How does the integration benefit tax professionals in Canada?
This innovative integration simplifies workflows, reduces the need for multiple tools, and provides AI-powered assistance for tax research, offering reliable resources readily.
In what languages is the CCH AnswerConnect available?
CCH AnswerConnect is available in both English and French, catering to a diverse audience of professionals.
Who is Dean Sonderegger in relation to this integration?
Dean Sonderegger is the Senior Vice President and General Manager of Wolters Kluwer TAA North America, he is an advocate for integrating technologies that enhance efficiency for accounting firms.
Why is technology integration deemed necessary for accounting firms?
Technology integration is crucial as it significantly boosts operational efficiency and profitability, giving firms a competitive edge in the accounting landscape.
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