Wolters Kluwer launches solution for accounting firms that strengthens audit quality

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Wolters Kluwer, a global leader in professional information, software solutions, and services, today launched TeamMate® Document Linker, a new product for accounting firms that strengthens audit quality by auto-linking samples to supporting evidence, saving valuable time on every audit.

Metadata
Provider: 
Business Wire, Inc.Business Wire, Inc.
Retrieved on: 
Thursday, September 14, 2023
Information
Tags: 
Professional Services, Data Management, Technology, Software, Finance, Consulting, Accounting, TAA, Wolters Kluwer, Microsoft, Microsoft Excel, OCR, CCH, Audit
Geotags: 
NEW YORK, UNITED STATES, NORTH AMERICA
Stock Symbol: 
AEX:WKL
Summary
Key Points: 
  • Wolters Kluwer, a global leader in professional information, software solutions, and services, today launched TeamMate® Document Linker, a new product for accounting firms that strengthens audit quality by auto-linking samples to supporting evidence, saving valuable time on every audit.
  • “We are excited to offer TeamMate Document Linker as a time-saving solution to external auditors,” says Colleen Knuff, Vice President of Audit Product Management at Wolters Kluwer Tax & Accounting (TAA) North America.
  • Not only will this help the junior auditor work more efficiently, but TeamMate Document Linker also streamlines the review and validation process for managers and partners.”
    TeamMate Document Linker seamlessly connects with Wolters Kluwer audit solutions.
  • Wolters Kluwer TAA enables tax and accounting professionals and businesses of all sizes to drive productivity, navigate change, and deliver better outcomes.


Wolters Kluwer, a global leader in professional information, software solutions, and services, today launched TeamMate® Document Linker, a new product for accounting firms that strengthens audit quality by auto-linking samples to supporting evidence, saving valuable time on every audit.

TeamMate Document Linker ensures supporting evidence is correctly validated by using optical character recognition (OCR) technology to extract text from scanned documents, including photographs of crumpled documents, to automatically match and dynamically link the sample or workpaper to the source document. TeamMate Document Linker functions within the Microsoft Excel interface, eliminating the need to switch between tools and windows to verify required data.

“We are excited to offer TeamMate Document Linker as a time-saving solution to external auditors,” says Colleen Knuff, Vice President of Audit Product Management at Wolters Kluwer Tax & Accounting (TAA) North America. “So often the tedious task of manually linking supporting evidence to transactions falls to the junior auditor. Not only will this help the junior auditor work more efficiently, but TeamMate Document Linker also streamlines the review and validation process for managers and partners.”

TeamMate Document Linker seamlessly connects with Wolters Kluwer audit solutions. Auditors can use TeamMate Analytics to identify risky transactions or select a sample set of data and then use TeamMate Document Linker to tie the transactions in question to supporting evidence. Documents can be embedded in the Excel workpaper and then packaged together for easy upload to CCH® ProSystem fx® Engagement or CCH Axcess™ Engagement for easy review.

Wolters Kluwer TAA enables tax and accounting professionals and businesses of all sizes to drive productivity, navigate change, and deliver better outcomes.

About Wolters Kluwer

Wolters Kluwer (EURONEXT: WKL) is a global leader in information, software, and services for professionals in healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, and corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.

Wolters Kluwer reported 2022 annual revenues of €5.5 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 20,900 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

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

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