WOLTERS KLUWER S/ADR - WTKWY STOCK NEWS

Wolters Kluwer ELM Solutions celebrates the five-year anniversary of its AI-powered LegalVIEW BillAnalyzer spend management solution. The podcast featuring experts discusses the evolution of its AI algorithm, which has been utilized across 225 practice areas in 20 industries. The database has exceeded $150 billion in invoices, providing valuable insights and efficiencies for corporate law departments. The company aims to enhance its AI capabilities further and continues to be a leader in enterprise legal solutions.

Wolters Kluwer ELM Solutions is transforming the legal industry by integrating AI into operations, as discussed by Jeffrey Solomon on the That Tech Pod. AI tools like LegalVIEW BillAnalyzer enhance client relationships by ensuring compliant invoicing, while the LegalVIEW Predictive Insights module aids in law firm selection. With over $150 billion in invoices analyzed, ELM Solutions is positioned as a leader in legal tech innovation.

Wolters Kluwer Legal & Regulatory U.S. has launched an enhanced version of VitalLaw, previously known as Cheetah, integrating its daily reporting suite, known as 'Dailies.' This upgrade allows users to access real-time reports and expert legal analysis across various topics directly through the VitalLaw platform. Key features include customizable news topics, saved searches, and mobile access without needing to log in. Wolters Kluwer reported annual revenues of €4.8 billion in 2021 and serves clients globally in legal, healthcare, and regulatory sectors.

Hotai Insurance has selected CCH® Tagetik to meet IFRS 17 requirements, enhancing its financial reporting capabilities. This partnership aims to streamline data processes ahead of the January 1, 2023, deadline for IFRS 17 adoption, with full implementation expected in Taiwan by 2026. CCH® Tagetik has been recognized as a leader in the 2022 IFRS 17 Market Update by Chartis Research. The solution will assist with data preparation, calculation, and reporting, supporting Hotai's five subsidiaries across various insurance sectors.

Wolters Kluwer Compliance Solutions will highlight the significance of expert augmented intelligence for banks managing regulatory change during a session at the American Bankers Association’s 2022 Regulatory Compliance Conference on June 23, 2022. Panelists, including Kris Stewart and Bob Schroden, will discuss how combining technology with human expertise enhances regulatory compliance effectiveness. The event aims to demonstrate how banks can optimize compliance processes by leveraging both technology and regulatory insights.

Wolters Kluwer Tax & Accounting discusses the ongoing tax provisions under the Infrastructure Investment and Jobs Act. With tax filing extending into October, 2022 may see significant implications from unpassed tax proposals. Key topics include the SECURE 2.0 Act, IRS regulations on RMDs, and the status of expired tax breaks. The lack of new tax legislation this spring means that tax planning for 2023 will rely on outcomes from Congress. The 2022 Post-Filing Season Tax Briefing Update offers additional insights.

Wolters Kluwer Tax & Accounting announced that its TeamMate+ audit solutions have achieved FedRAMP authorization, allowing use by US Federal agencies. This authorization enables auditors to create and manage audit plans, execute audits according to recognized standards, and document findings effectively. FedRAMP promotes secure cloud services in the federal government, and this milestone highlights Wolters Kluwer's commitment to enhancing public sector audit capabilities. This achievement is supported by a partnership with the National Institutes of Health.