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Wolters Kluwer (WTKWY) is a global leader in digital knowledge solutions and cloud software for tax, finance, accounting, and legal professionals. With offerings like the SAP Document and Reporting Compliance solution integrated with the CCH SureTax solution, Wolters Kluwer helps multinational companies manage U.S. tax filing obligations efficiently. The company serves customers in over 180 countries and reported 2022 annual revenues of €5.5 billion.
Wolters Kluwer Tax & Accounting is advancing its TeamMate internal audit solutions in Greece through a partnership with PwC Greece. This collaboration aims to enhance value for internal audit professionals by leveraging TeamMate's expert solutions. Director Robert Pemble emphasized the importance of innovation in a dynamic business landscape. TeamMate's services include risk assessment, electronic working paper creation, and data analysis. PwC Greece brings extensive experience in governance and compliance, enhancing the service offering to clients in the region.
Wolters Kluwer CT Corporation will host a webinar titled “The 2022 Delaware Update” on February 16 at 1 PM ET, focusing on essential changes to franchise taxes and reporting obligations in Delaware, a key incorporation state for many businesses. Legal experts Alan Stachura and Lydia Duynstee will discuss upcoming legislation that impacts clients incorporated in Delaware, including key deadlines and IT initiatives. This initiative aligns with CT Corporation’s mission to help clients stay compliant with evolving laws.
Wolters Kluwer Tax & Accounting highlights variances in state sales taxes on popular Valentine’s Day gifts. The analysis underscores that tax treatment differs significantly across states, affecting items like candy, jewelry, and flowers. For instance, candy is taxable in 29 states but exempt in 16, while jewelry often faces general sales tax rates. Additionally, dining out is typically taxable, but definitions vary. This information could influence consumer spending, shedding light on unexpected costs associated with Valentine’s Day purchases.
Wolters Kluwer Compliance Solutions and Summit Technology Group (STG) are collaborating to enhance compliance in lending documents and workflows for STG customers. This partnership positions Wolters Kluwer as the exclusive preferred vendor for STG’s Lenders Cooperative platform, utilizing its Expere® technology to automate compliant loan documentation. The integration aims to streamline the end-to-end document creation process, boosting regulatory compliance for financial institutions. This strategic alliance will benefit over 200 community banks and credit unions, reinforcing STG's commitment to modernizing financial services.
Wolters Kluwer Compliance Solutions emphasizes the urgent shift towards electronic filing of mortgage-related documents in their latest thought leadership article. The article warns that lenders who resist this trend risk inefficiencies, increased costs, and borrower dissatisfaction. Current data show that a significant number of the 3,865 county recording jurisdictions in the U.S. now accept electronic recordings. The transition to digital processes is deemed critical, especially post-COVID-19, to avoid transaction delays and enhance security, efficiency, and customer satisfaction.
Wolters Kluwer Health, a leader in clinical technology, received the 2021 North America Company of the Year Award from Frost & Sullivan for its comprehensive clinical decision support (CDS) solutions. The award recognizes Wolters Kluwer's ability to enhance clinical decision-making, reduce diagnostic errors, and streamline workflows during healthcare challenges, such as the COVID-19 pandemic. The company demonstrated its commitment to providing accurate evidence-based content, with its UpToDate platform accessed 31.1 million times by 1.3 million clinicians since February 2020.
Broadridge Financial Solutions (NYSE: BR) has entered a strategic alliance with Wolters Kluwer Compliance Solutions to enhance tax reporting solutions. The collaboration integrates the GainsKeeper cost basis solution with Broadridge's Brokerage Processing Services, streamlining tax data management for clients. GainsKeeper processes over 60 million accounts and supports digital assets reporting. This partnership aims to provide financial firms with reliable tools to comply with regulatory standards and optimize their operations amidst evolving market demands.
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