Wolters Kluwer Tax and Accounting (TAA) has expanded its award-winning cloud-based practice management and compliance platform, CCH iFirm, by launching a new module, CCH iFirm Validate.
Bas Kniphorst, Executive Vice President and Managing Director of Wolters Kluwer TAA Europe, expressed excitement about the launch, stating, “This new module within our CCH iFirm cloud suite showcases our commitment to advancing technology and delivering exceptional value to our clients. We are offering powerful tools that improve scalability, security, and efficiency, helping businesses succeed in the digital age. This represents a significant milestone in our mission to drive innovation and excellence in the cloud industry.”
CCH iFirm Validate accelerates the audit process by simplifying bank confirmations and account verifications using blockchain technology, which enhances data security and integrity. As a cloud-based solution, it allows auditors to securely share results with peer reviewers, inspectors, and other stakeholders, leading to faster banking confirmations and a streamlined audit process.
By automating the traditionally manual processes, this modern solution offers a secure and efficient alternative. With open banking authorization, auditors can securely request and receive data to support timely audits. Wolters Kluwer’s patented blockchain-based secure data exchange provides an audit trail for accounting data verification with external parties during statutory audits.
This new module follows the successful launch of CCH iFirm AML in March 2024, which won the Innovative Technology award at the 2024 Accountancy Awards and was named a 2024 Stratus Award for Cloud Computing winner.
For more information about CCH iFirm, visit Wolters Kluwer.
About Wolters Kluwer
Wolters Kluwer (EURONEXT: WKL) is a global leader in providing information, software solutions, and services to professionals in healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, and corporate performance and ESG sectors. In 2023, Wolters Kluwer reported annual revenues of €5.6 billion and serves customers in over 180 countries with operations in over 40 countries, employing approximately 21,400 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.
