Wolters Kluwer issues news about its global professional information, software, and services business, represented in the U.S. by the WTKWY sponsored Level 1 ADR. Updates commonly cover healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, and corporate performance and ESG solutions.
Recurring items include trading updates by business area, annual report and AGM materials, Supervisory Board and executive changes, dividend proposals, portfolio actions, and technology investments. Company announcements also track AI-enabled offerings and platforms such as FAB, Expert AI capabilities in CCH Axcess and UpToDate, legal technology products including Legisway and Kleos, and cloud automation tools such as CodaBox, ClearFacts, Kyte, and Flowin.
Wolters Kluwer announced that Kin Long, a leading supplier of architectural fittings, has implemented CCH® Tagetik Financial Close & Consolidation software to enhance its financial operations amid regulatory changes in China. The collaboration aims to support Kin Long's digital transformation by providing data-driven financial planning, reporting, and compliance solutions. The project was coordinated with EPM Venus, which helped streamline financial data collection and reconciliation processes, fulfilling Kin Long's evolving financial needs.
Wolters Kluwer Compliance Solutions will host a webcast titled “When You Have to be Right: The Top 10 Compliance Management Considerations for 2023” on Sept. 29, 2022, from 2-3 PM. Featuring experts like Elaine Duffus and Craig Focardi, the event will explore compliance management and technology's role in financial institutions. Attendees can earn CPE credit. Wolters Kluwer serves U.S. banks and financial institutions, offering solutions for risk and compliance management.
Wolters Kluwer announced the 2022 CCH Tagetik inTouch Global User Conference, scheduled for September 21-23, 2022, in Lucca, Italy. This event will focus on corporate performance management and finance technology, featuring over 40 customer speakers sharing insights. Ralf Gärtner, SVP of Corporate Performance Management Solutions, and guest Karthik Ramanna from the University of Oxford will present on industry trends and ESG's role in finance. With support from 38 corporate sponsors, this conference aims to foster collaboration and innovation in the finance sector.
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Wolters Kluwer announces the return of its in-person TeamMate Live 2022 User Conference in Scottsdale, Arizona on September 19-20. This event will focus on how internal audit teams can enhance agility and mitigate risk amid fast-evolving environments. Keynote speaker Kevin Brown will discuss resilience and creativity in leadership. Over 45 sessions will cover topics like ESG, cybersecurity, and audit analytics, offering attendees up to 16.2 Continuing Professional Education credits.
Wolters Kluwer ELM Solutions highlights the importance of strong billing guidelines for corporate legal departments (CLDs) in its latest podcast installment. The LegalVIEW BillAnalyzer tool enables benchmarking of billing practices, helping clients enforce compliance and optimize spending. Experts Sharon Horozaniecki and Michele Pratt emphasize that clear guidelines reduce ambiguity and foster better relationships with outside counsel. Celebrating its five-year anniversary, LegalVIEW BillAnalyzer has analyzed billing patterns across 225 practice areas, providing actionable insights for improving efficiency and reducing costs.
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Wolters Kluwer has successfully completed a capital reduction by cancelling 5 million ordinary shares, decreasing the total number of issued shares from 262,516,153 to 257,516,153. The share cancellation, approved during the Annual General Meeting on April 21, 2022, reduces shares held in treasury to 3,711,340. Compliance with regulations has been maintained, and the company now holds 1.44% of total issued shares. This move aligns with their strategy to manage treasury shares, particularly for future share-based incentive plans.
Wolters Kluwer will participate in the 2022 North American Supply Chain Executive Summit in Chicago from September 12-14. Industry experts, including Michael Conley, will discuss the integration of finance into supply chain planning to enhance business competitiveness. The company's CCH Tagetik Supply Chain Planning Software has been recognized as a 'Leader' by Nucleus SCP Matrix 2022 for its comprehensive capabilities. Wolters Kluwer reported €4.8 billion in annual revenues for 2021 and serves customers in over 180 countries.
Third party logistic providers (3PLs) face increasing compliance challenges due to a proposed FDA rule aimed at standardizing regulations across states. This may result in tighter restrictions for both pharmaceutical companies and 3PLs. Hans Howk from Wolters Kluwer CT Corporation advises 3PLs to engage trusted partners for tracking evolving regulations. Wolters Kluwer has been a leading provider in compliance services for nearly 130 years, trusted by a large portion of Fortune 500 companies and law firms.