Wolters Kluwer achieves authorized status from the Federal Risk and Authorization Management Program (FedRAMP)

Rhea-AI Summary

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.

Positive

• Achieved FedRAMP authorization for TeamMate+, expanding into the public sector audit market.
• Enables US Federal agencies to enhance audit processes and compliance with recognized standards.

Negative

• None.

Wolters Kluwer TeamMate+ extends its expert solutions into the public sector audit market with authorized FedRAMP cloud offerings

NEW YORK--(BUSINESS WIRE)-- Wolters Kluwer Tax & Accounting announced today that it has achieved authorization from the Federal Risk and Authorization Management Program (FedRAMP) for its award-winning TeamMate+ global audit expert solutions and the TeamMate+ FedRAMP cloud hosting environment.

TeamMate+ expert audit solutions enable internal audit teams to manage their entire workflow by harnessing the latest digital technologies, integrating with business data and systems, and delivering data-driven insights. Achieving FedRAMP authorization means that auditors within US Federal agencies can create and manage audit plans, execute audits aligned with Red and Yellow Book standards, create detailed and compelling audit reports, and document and archive audit trail and findings.

FedRAMP is a government-wide program that promotes the adoption of secure cloud services across the Federal government. It provides a standardized approach to security and risk assessment and continuous monitoring for cloud technologies for use by Federal agencies. FedRAMP empowers agencies to use modern cloud products and services to fulfill their organizational objectives.

“Wolters Kluwer has a long track record of working with auditors within the public sector to support their specific audit needs. Achieving FedRAMP authorization at both the application and hosting level demonstrates our deep commitment to serving US Federal agencies as they look to enhance their work and deliver important insights to stakeholders,” said Frans Klassen, Senior Vice President & General Manager, Wolters Kluwer TeamMate.

This achievement is a combined effort between Wolters Kluwer TeamMate and its sponsoring agency, the National Institutes of Health (NIH).

“NIH is proud to have brought another cloud-based option to the FedRAMP Marketplace so we can take advantage of this audit technology solution together with other Federal agencies,” says Monica Diggs, Program Analyst, National Institutes of Health.

To learn more about how TeamMate helps audit teams support their organizational objectives, visit the TeamMate+ U.S. Public Sector page.

About Wolters Kluwer

Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with advanced technology and services.

Wolters Kluwer reported 2021 annual revenues of €4.8 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,800 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

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 (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

For more information, visit www.wolterskluwer.com, follow us on Twitter, Facebook, LinkedIn, and YouTube.

View source version on businesswire.com: https://www.businesswire.com/news/home/20220523005327/en/

KELLY DE CASTRO

Wolters Kluwer Tax & Accounting

+1 614-288-5640

kelly.decastro@wolterskluwer.com

Source: Wolters Kluwer Tax & Accounting US.