Wolters Kluwer Tax and Accounting has unveiled enhancements to its CCH Axcess cloud solution, aimed at streamlining workflows and integrating AI technology.

These updates are designed to boost productivity, adapt to change, and deliver superior outcomes for professionals and businesses of all sizes.

Wolters Kluwer TAA North America US Professional Market senior vice-president and segment leader Cathy Rowe said: “With our comprehensive, cloud platform, firms can enhance their operations, attract talent, and deliver unparalleled value, ensuring compliance and accuracy in an ever-evolving landscape.”

The core of the CCH Axcess enhancements is firm intelligence, which enables professionals to utilise data, industry insights, and integrated tools to optimise potential and maximise expertise.

The integrated platform of CCH Axcess provides firms with complete operational visibility, including access to real-time project updates, workflow trends, and key performance indicators.

For CCH Axcess Tax solution, the enhancements are set to increase tax professionals' productivity by improving workflow, client data access, AI connectivity, and reporting accuracy.

These updates include advanced API capabilities, AI-powered research integration, enhanced K-1 import functionality, updated 1042 electronic filing support, and a new solution for reporting mandates.

CCH Axcess Firm Management solutions have advanced with enhanced integrations, AI capabilities, and improvements across reporting, billing, and collaboration tools.

Some of the enhancements include AI-enabled optical character recognition verification, new scheduling and analytics capabilities, expansion of outsourcing services, and improved billing features.

CCH Axcess Audit solutions have been updated with a modern user interface, increased automation, robust trial balance reports, customisable templates, micro-learning tutorials, multi-user support, automated ratio analysis, and contextual guidance.

Furthermore, the company’s CCH Marketplace, an online resource center, has expanded with new vendors and service providers, enhancing the capabilities of CCH software through strategic collaborations and automation.

Rowe said: “Our mission is to empower tax and accounting professionals to maximise productivity through cutting-edge technology and innovative solutions.

“By enabling seamless automation and streamlining processes with tools in our clients’ workflow, we allow them to focus on what matters most to them: client success and business growth.”

In September 2024, Wolters Kluwer upgraded its CCH Axcess Audit suite to transform professional audit processes.