Company Announcements

Key Highlights of the New GenAI Tool

• Bilingual Accessibility : First French and English GenAI tool available in Canada for seamless tax research.
• Trusted Content : AI-generated responses are derived from authoritative and reliable content within CCH AnswerConnect.
• Efficiency : Significantly reduces research time by quickly accessing accurate and relevant information.

TORONTO--(BUSINESS WIRE)--Nov. 11, 2024-- Wolters Kluwer Tax and Accounting (TAA) today announced AI-enabled enhancements to CCH® AnswerConnect Canada, its leading tax, accounting, and audit research product. The all-encompassing research platform now leverages Generative AI (GenAI) to generate responses within its natural language Q&A function via the “Ask a Question” tab within the platform.

Wolters Kluwer customers can now ask CCH® AnswerConnect Canada questions instead of manually searching through its digitized guide. This development enriches the search experience and enables accounting professionals to create more value for their clients. Furthermore, CCH AnswerConnect’s latest feature is the first GenAI tool available in both French and English for tax research in Canada.

“Our commitment to our clients drives us to develop innovative and reliable solutions that dramatically improve the efficiency of accounting workflows and also foster business growth,” said Dean Sonderegger, Senior Vice President and General Manager, Canada and Research & Learning of Wolters Kluwer TAA North America. “Our investment in firm intelligence for tax and accounting professionals helps empower them to navigate complex issues with ease and to provide additional, value-added services to clients. The introduction of the new GenAI tool to our robust, continuously updated, proprietary content is a testament to this commitment, serving as another powerful resource for our clients' benefits.”

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.

To learn more about CCH® AnswerConnect Canada, please visit: https://www.wolterskluwer.com/en-ca/solutions/.

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

For more information on the latest in AI, please visit Wolters Kluwer’s corporate AI page or the TAA AI Hub page.

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.

For more information about CCH AnswerConnect and the new GeAI feature, please visit [https://www.wolterskluwer.com/en-ca/solutions/cch-answerconnect].

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.

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

View source version on businesswire.com: https://www.businesswire.com/news/home/20241111042578/en/

Shannon Wherry
Associate Director, External Communications Tax & Accounting
Wolters Kluwer
Office +1 972-209-2767
shannon.wherry@wolterskluwer.com

Source: Wolters Kluwer