Wolters Kluwer N V Stock Price, News & Analysis

Wolters Kluwer ELM Solutions is set to unveil significant updates at the virtual ELM Amplify 2021 conference, enhancing its TyMetrix 360° and Passport product lines. The new TyMetrix 360° features include integration capabilities with Microsoft Office, a Data API for seamless connection with existing technologies, and enhanced reporting tools. Additionally, Passport 21.2 adds support for eDocs and updates to its collaboration features. These advancements aim to improve efficiency, reduce operational costs, and support corporate legal departments in managing their workflows effectively.

Wolters Kluwer Tax & Accounting has joined the BDO Alliance USA through its Vendor Marketing Program, enhancing access to innovative cloud-based technologies and industry insights. This collaboration aims to benefit accounting and consulting firms across the nation. Jason Marx, President & CEO, expressed excitement about sharing expertise with Alliance members. The program will empower firms to maximize digital transformation, providing a competitive edge in a changing business landscape. BDO Alliance USA aims to offer members valuable resources for growth.

Wolters Kluwer and NYDIG have formed a partnership, making Wolters Kluwer the exclusive preferred vendor for financial institutions needing assistance with regulatory compliance for bitcoin services. This collaboration will support U.S. banks and credit unions in delivering compliant documentation through the Bitcoin Deposit Disclosure Program, thereby helping them tap into the growing interest in bitcoin and enhance their customer offerings.

This partnership underscores the increasing focus on compliance as digital asset services expand across the financial sector.

Wolters Kluwer Tax & Accounting highlights crucial year-end tax planning steps for taxpayers that may affect their 2021 tax returns. With the Build Back Better Act under consideration, changes to capital gains and estate taxes could necessitate urgent planning. Taxpayers are advised to consider year-end charitable contributions, Roth IRA conversions, and review estate plans. Enhanced IRS audits may increase the importance of documentation for claims. The proposed effective date for capital gains changes is September 13, 2021, possibly limiting preemptive planning.

Wolters Kluwer ELM Solutions will host ELM Amplify 2021, a virtual user conference from October 26 to 28. This event focuses on legal technology innovation and features keynotes, training sessions, and panels with industry leaders including CIBC and Gallagher Bassett. Attendees will explore topics like digital transformation and diversity in legal operations. ELM Solutions, recognized for its award-winning tools like Passport® and TyMetrix® 360°, aims to enhance operational efficiency in corporate legal departments.

Wolters Kluwer ELM Solutions recently released the second episode of its podcast series, Legal Leaders Exchange, focusing on effective strategies for managing change in corporate legal departments. Experts Alyza Tarmohamed and Vince Venturella emphasize the importance of change management for successful legal operations. They discuss overcoming resistance to change, establishing trust, and maximizing team effectiveness during transitions. The podcast aims to optimize legal operations by leveraging insights from the LegalVIEW® Data Warehouse, which holds over $140 billion in legal spend data.

Wolters Kluwer Compliance Solutions has been recognized for its excellence in digital lending by four esteemed publications at the 2021 Mortgage Bankers Association Annual Convention & Expo. The company earned accolades including Best End-to-End Digital Lending Platform from Corporate Vision and End-to-End Digital Lending Platform of the Year from Wealth & Finance International. The awards reflect the effective integration of eOriginal's capabilities within Wolters Kluwer's solutions portfolio, enhancing compliance solutions for lenders.

Wolters Kluwer Compliance Solutions executives will highlight the shift towards digital mortgage technologies at the 2021 Mortgage Bankers Association Annual Convention in San Diego from October 17-20. The adoption of digital solutions has surged, with online mortgage transactions increasing by 141% year-over-year, driven by the COVID-19 pandemic's impact on consumer behavior. Key offerings include Remote Online Notarization (RON) and eClosing technologies that enhance transaction speed and cost-effectiveness. These advancements aim to simplify mortgage lending, offering substantial savings for independent lenders.