Wolters Kluwer N V Stock Price, News & Analysis

The Bank of East Asia (BEA) has selected Wolters Kluwer's OneSumX regulatory reporting software to enhance its compliance and reporting processes. This software will aid in automating Hong Kong Monetary Authority banking returns and GDR reports, ensuring data consistency and accuracy. BEA's Deputy Chief Executive emphasized the importance of choosing a provider with proven GDR automation. The collaboration aims to support BEA in meeting its regulatory obligations efficiently.

Conway Regional Medical Center has implemented Wolters Kluwer's Sentri7 Sepsis Monitor to enhance sepsis detection, achieving over 20% improvement in SEP-1 bundle compliance within four months. This initiative resulted in nearly $400,000 in savings, aiding efforts to reduce patient length of stay.

The Sentri7 Sepsis Monitor utilizes advanced algorithms and clinical natural language processing to identify sepsis early and maintain high-quality patient care, thereby supporting financial performance and clinical outcomes.

Wolters Kluwer is enhancing tax season efficiency with its latest release of CCH Axcess Client Collaboration. This platform addresses the challenges of late and unprepared clients by allowing tax professionals and their clients to manage all workflows for individual and business returns in one secure portal. Key features include the ability to create tax return requests, enhance client experience with customizable templates, and provide a centralized location for document uploads year-round. Wolters Kluwer reported 2021 revenues of €4.8 billion and continues to serve clients globally.

Wolters Kluwer Tax & Accounting will host the 18th annual CCH Connections: User Conference from Nov. 8-11 in Tampa, Florida, attracting over 1,100 professionals. The event will feature influential speakers including CEO Jason Marx and Duncan Wardle from Disney. Attendees will explore new technologies and enhancements, earning up to 22 CPE credits and attending over 80 breakout sessions. Wolters Kluwer, a leader in professional information and software solutions, reported €4.8 billion in revenue in 2021, serving clients in over 180 countries.

Wolters Kluwer released insights on the impact of Biden's Student Loan Forgiveness Program, focusing on potential state income taxes for borrowers. The program, announced in August 2022 and currently on hold due to legal challenges, may see seven states imposing taxes on forgiven amounts despite federal protections against income tax. Senior Legal Analyst Anne H. Gibson provided a comprehensive analysis including eligibility and legal opposition, along with a detailed chart of state tax implications. The analysis is crucial for understanding the evolving debt cancellation landscape.

Wolters Kluwer has received Spanish Antitrust Authority clearance for the Karnov Group to acquire its legal information assets in Spain. This divestiture is part of a transaction announced on December 9, 2021 and is set to close on November 30, 2022. The assets generated €85 million in revenues, contributing 10% to the Legal & Regulatory division. Wolters Kluwer will receive €120 million and plans to utilize the proceeds for share repurchases in 2023 to offset earnings dilution from this divestment.

Wolters Kluwer released its 2022 Nine-Month Trading Update on November 2, 2022, reporting a 6% organic revenue growth for the first nine months. Total revenues increased by 15% due to favorable currency effects. Recurring revenues contributed significantly, growing 7% organically. The company maintained its 2022 full-year guidance, with anticipated adjusted free cash flow between €1,025 and €1,075 million. Noteworthy developments include significant share buyback plans and acquisitions, including the purchase of IJS Publishing Group. However, adjusted free cash flow decreased 1% year-on-year.