WOLTERS KLUWER S/ADR - WTKWY STOCK NEWS

Wolters Kluwer ELM Solutions highlights the increasing necessity for corporate legal departments to adopt technology strategies amid hiring freezes and rising counsel costs. In the latest episode of the Legal Leaders Exchange Podcast, experts emphasize the importance of a coherent technology adoption plan to improve efficiency and stakeholder relationships. They caution against rapid onboarding without needs assessment, advocating instead for a measured approach to refine adoption strategies. Failure to engage stakeholders can result in wasted investments, while a strong roadmap can enhance collaboration with outside counsel.

Wolters Kluwer Tax & Accounting has partnered with CONSILIUM to enhance internal audit solutions in French-speaking Africa. This collaboration aims to align local auditors with global standards while aiding digital transformation. With CONSILIUM's expertise in governance and risk management, the partnership plans to deliver advanced solutions such as TeamMate global expert technologies. This initiative is expected to provide internal audit professionals with the tools needed to manage compliance risks effectively and improve organizational risk management.

Wolters Kluwer Tax & Accounting has appointed Frans Klaassen as the new Senior Vice President and General Manager of the TeamMate business unit, succeeding Jim Dunham. Klaassen brings extensive experience from leading the Canada and Research & Learning segments and has been with the company since 2010. His role aims to enhance the TeamMate solutions for internal audit professionals, responding to evolving regulatory demands. Wolters Kluwer reported a revenue of €4.6 billion in 2020 and its shares trade as ADRs on the OTC market under the symbol WTKWY.

Wolters Kluwer and Laerdal Medical announced the launch of the next generation of vSim® for Nursing, enhancing virtual simulation to address the nursing practice readiness gap. This platform employs evidence-based scenarios designed to improve clinical judgment skills among students. Key features include an immersive 3D environment, advanced communication training via the SBAR feature, and tablet compatibility for flexible learning. The solution is currently available for Fundamentals and Medical-Surgical Nursing, with plans for further course expansions in 2022.

Wolters Kluwer has achieved recognition for its cloud-based solution, CCH® Tagetik Predictive Intelligence, by winning the 2022 BIG Innovation Awards. This award highlights the solution's utilization of artificial intelligence and machine learning to enhance financial planning agility, accuracy, and transparency for CFOs. The predictive tool offers explainable predictions and actionable insights, designed to bolster decision-making and optimize performance. The recognition underscores the growing importance of innovative technologies in driving business success.

Wolters Kluwer, Health has launched Ovid® Synthesis Clinical Evidence Manager, a cloud-based solution to enhance evidence-based research workflows in healthcare. Developed in collaboration with Duke Health and WVU Medicine, this software provides a centralized dashboard for tracking quality improvement (QI) projects. Key features include real-time project visibility, standardized workflows, integrated literature searches, and collaboration tools to streamline the implementation of new clinical practices based on current evidence, ultimately improving patient outcomes and financial performance.

Wolters Kluwer Tax & Accounting highlights tax implications for college athletes earning money from their name, image, and likeness (NIL) following the Supreme Court ruling against the NCAA's compensation restrictions. With approximately 24 states adopting NIL laws, college athletes may face complex tax situations including self-employment taxes, business expenses, and state tax variations. As they transition to earning potential income, athletes need to navigate various financial responsibilities that may significantly impact their overall earnings.