Innovative technology offers accounting firms access to real-time data insights, enhancing decision-making and operational efficiency to drive superior business performance

SYDNEY--(BUSINESS WIRE)--Nov. 7, 2024-- Wolters Kluwer Tax and Accounting (TAA) Asia Pacific (APAC) today announced the release of CCH iFirm Analytics, an innovative addition to the CCH iFirm suite, strategically designed to bolster operational efficiencies for accounting firms in Australia and New Zealand. This new module enhances the reporting capabilities available in CCH iFirm Practice Manager by offering up-to-date insights through a set of dashboards, enabling firm owners to make confident data-driven decisions for a more efficient and profitable practice.

The introduction of CCH iFirm Analytics marks the second major product launch on the CCH iFirm platform this year, following the successful release of CCH iFirm Workpapers.

“The launch of CCH iFirm Analytics signifies the next major advancement in the CCH iFirm product suite, empowering accounting organizations to harness the power of data with precision and efficiency,” said Megan Mulia, Managing Director, TAA APAC. “In today's dynamic business landscape, having instant access to actionable insights is not just advantageous but essential. We are excited to pioneer an integrated practice management and cloud analytics solution, which allows firms to proactively navigate market challenges and optimize their strategies to help their businesses grow.”

By leveraging CCH iFirm Analytics, accounting firms can now monitor key firm metrics daily without time-consuming data manipulation. Designed with CCH iFirm customer feedback, this innovation transforms the traditional weekly or monthly reporting process into a seamless, real-time experience. With easy-to-view graphs, charts, and tables, the tool ensures that firm owners and managers can take swift action to maintain and enhance business performance.

Key Features of CCH iFirm Analytics:

• Streamlined Reporting: Provides real-time insights into debtors, work-in-progress (WIP), profitability, productivity, revenue, and overall firm performance.
• Integrated Solution: Seamlessly connects with CCH iFirm Practice Manager, eliminating the hassle of managing multiple applications.
• Enhanced Decision-Making: Empowers firms with daily business insights, allowing proactive management to prevent potential issues before they arise.

About CCH iFirm

CCH iFirm is a leading cloud-based software suite offering a range of integrated tools for accounting practice management, compliance, and client engagement. Supported by Wolters Kluwer’s extensive tax and accounting expertise, CCH iFirm delivers seamless workflows and peace of mind with dedicated onboarding and ongoing support services.

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.

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

Source: Wolters Kluwer