Wolters Kluwer launches enhancements to CCH iFirm unlocking billable hours for accountants in Australia

Wolters Kluwer launches enhancements to CCH iFirm unlocking billable hours for accountants in Australia

Wolters Kluwer Tax & Accounting (TAA) Asia Pacific (APAC) today announced the strategic release of new capabilities and key integrations for Australian customers of CCH iFirm, its award-winning, cloud-based practice management and compliance software platform. The enhancements, which were co-designed and beta-tested by CCH iFirm customers in Australia, provide a seamless end-to-end workflow enabling firms to complete their compliance work faster.

The release allows accounting firms to save valuable time by leveraging deeper integrations and data automation between CCH iFirm Client Accounting and CCH iFirm Tax that reduce the need for manual data entry or administrative work.

“These enhancements within CCH iFirm allow our customers to focus on the most material aspects of their job. By enabling technology advancements to help reduce manual processes, they will have greater capacity to meet client expectations and help generate sustainable revenue growth which is of key importance to firms in the APAC region,” said Rakesh Naidu, Head of Product, Professional Software, Wolters Kluwer TAA APAC. “Looking ahead, we are planning further enhancements to our customers’ workflow in 2024, including the development of integrated workpapers backed by our unique expertise in both tax software and knowledge solutions.”

A notable enhancement that helps drive efficiency is the introduction of a single-click import of ledger data from CCH iFirm Client Accounting to the tax return in CCH iFirm Tax that can save accountants an estimated 45 minutes per return. Additional time savings year-over-year can also be realized due to the unique data mapping approach that connects key points in each tax return to the chart of accounts. This has the potential to translate into an estimated $49,500* worth of billable hours unlocked simply by leveraging the newly integrated solutions as a CCH iFirm customer.

Further benefits of the most recent software release include improved automation within CCH iFirm Tax that delivers features, such as an option to prefill data from the Australian Tax Office (ATO), to help reduce manual data entry and time spent on non-billable work.

The release provides deeper integration between the compliance and communication modules within CCH iFirm, such as CCH iFirm Client Portal and CCH iFirm Signatures, which now require only a few clicks to get a tax return sent, signed and saved securely. Pairing these new enhancements with the existing integrations of CCH iFirm’s suite of products allows accountants to benefit from the simplicity and ease that comes from using a single cloud-native software platform for all their firm needs.

“Working with our customers in a co-design process has been and will continue to be integral to delivering superior designs and solutions that solve customer needs. We want to thank our customers who have been working with us to develop and refine our innovative solutions,” Naidu added.

CCH iFirm is a multi-award-winning platform of integrated cloud solutions designed specifically for accounting firms. The platform includes modules for practice management, tax preparation, client accounting, document management, and secure exchange with clients as well as digital signatures. Experienced consultants provide a fully supported and tailored onboarding process for the software, with ongoing support available from a local customer support team.

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