Wolters Kluwer Launches Bilingual GenAI Tool for Tax Pros in Canada

Bilingual Accessibility: The first GenAI tool in Canada, available in both French and English, enables seamless tax research.
Trusted Content: AI-generated responses are based on authoritative, reliable content sourced from CCH AnswerConnect.
Efficiency: Dramatically cuts down research time by quickly providing accurate and relevant information.

Wolters Kluwer Tax and Accounting (TAA) has unveiled new AI-driven enhancements to CCH® AnswerConnect Canada, its leading tax, accounting, and audit research tool. This updated version now integrates Generative AI (GenAI) within the “Ask a Question” feature, allowing users to receive answers directly through natural language queries, eliminating the need for manual searches through the platform’s extensive resources. This new functionality enhances the research experience and empowers accounting professionals to deliver greater value to their clients. Notably, this is the first GenAI tool available for tax research in Canada in both French and English.

“Our dedication to our clients motivates us to create innovative and reliable solutions that significantly streamline accounting workflows and drive business growth,” said Dean Sonderegger, Senior Vice President and General Manager of Wolters Kluwer TAA North America. “By investing in firm intelligence for tax and accounting professionals, we help them navigate complex challenges effortlessly while offering enhanced, value-added services to clients. The introduction of GenAI to our continuously updated, proprietary content underscores our commitment to empowering professionals with powerful, cutting-edge tools.”

CCH AnswerConnect and GenAI

The new GenAI enhanced search functionality allows for natural language queries from trusted sources within Wolters Kluwer content helping customers understand recent tax law changes, prepare tax returns, and identify tax planning opportunities. The solution conveniently cross-references Wolters Kluwer analysis, written by their in-house experts and outside contributors, delivering timely intelligence. Natural language queries answer the user’s questions in an easy-to-understand format to enable quick comprehension and minimize time analyzing tax legislation.

For added credibility, each answer is backed with sourced documents for additional reference. A Frequently Asked Questions section in every query ensures an enhanced user experience.

Background on CCH AnswerConnect

CCH AnswerConnect is an all-encompassing and innovative research platform designed to empower tax professionals. It offers seamless navigation through international, federal, and provincial tax topics, supported by expertly authored answers. With features like CCH® SmartCharts, a comprehensive view of the Income Tax Act, and access to exclusive commentary and case analyses, CCH AnswerConnect remains the central hub for tax-related inquiries and insights.

About Wolters Kluwer

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

Wolters Kluwer reported 2023 annual revenues of €5.6 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,400 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.

Source link

Newsletter Updates

Enter your email address below and subscribe to our newsletter