Wolters Kluwer unveils cloud-based compliance platform in the UK

By Gloria Methri

Wolters Kluwer has launched CCH iFirm®, its cloud-based compliance and practice management and financial tech platform, in the U.K. The integrated and scalable solution is designed to help make tax and accountancy practices more efficient and productive. CCH iFirm allows users to access new opportunities driven by data analysis, visualization, and reporting.

The platform offers efficient and automated workflows and full integration and visibility across a range of accounting tools.

“For over a decade, CCH iFirm has been driving impact globally for tax and accounting firms with its innovative technology and extensive capabilities, and we are excited to introduce this new platform to the UK,” said Bas Kniphorst, Executive Vice President and Managing Director, Wolters Kluwer TAA Europe. “Accounting firms are adopting technology solutions to help achieve greater business scalability, agility and resilience against the backdrop of an ever-evolving accountancy landscape. Wolters Kluwer CCH iFirm provides those capabilities through a unified platform with single sign-on.”

A cloud platform in the North American and Asia Pacific markets already, the U.K. launch of CCH iFirm is the first in Europe. Existing users of Wolters Kluwer CCH Central, the on-premises accounting system in the U.K., can choose to make a one-off switch or a phased transition to the new platform.

“CCH iFirm integrates seamlessly into workflows, including with CCH Central,” the company said. “The new platform also syncs with popular accounting and productivity tools, creating a unified ecosystem designed to boost efficiency and productivity.”

The functionality of the CCH iFirm platform will expand in stages in the U.K. market, with several modules in the pipeline for rollout in the months ahead, including CCH iFirm AML (Anti-Money Laundering). Wolters Kluwer will also introduce CCH iFirm Validate – accelerating bank confirmations with cloud-based audit software, using blockchain technology.

“CCH iFirm is a next-generation cloud platform which directly brings the reliability, expertise and innovative technology that Wolters Kluwer is famed for to our clients in the U.K.,” added Neil Parsons, Managing Director, Wolters Kluwer TAA U.K. “Significant changes to U.K. tax regulation are coming, particularly for sole traders and partnerships, so now is the perfect time for accounting firms to review and update their systems and move to the cloud.”