Welcome to our dedicated page for Wolters Kluwer N V news (Ticker: WTKWY), a resource for investors and traders seeking the latest updates and insights on Wolters Kluwer N V stock.
The WTKWY news page tracks company communications and market-relevant updates for Wolters Kluwer S/ADR, which represents American Depositary Receipts of Wolters Kluwer N.V. Wolters Kluwer describes itself as a global leader in professional information solutions, software, and services for sectors such as healthcare, tax and accounting, financial and corporate compliance, legal and regulatory, and corporate performance and ESG.
News for Wolters Kluwer often centers on portfolio moves, technology developments, and capital allocation decisions. Recent press releases include the planned and completed acquisitions of Libra Technology GmbH, a Berlin-based provider of AI technology for legal professionals, and StandardFusion, a global provider of cloud-based governance, risk, and compliance solutions. These updates highlight the company’s focus on AI-enabled legal research, document analysis, and integrated audit and GRC platforms through solutions like Libra AI assistant and the TeamMate internal audit platform.
Investors and professionals following WTKWY can also expect announcements on divestments and corporate structure changes, such as the completion of the divestment of the Finance, Risk and Regulatory Reporting (FRR) unit to Regnology group, as well as capital structure actions including share buyback programs, share cancellations, and capital reductions. Trading updates provide insight into trends in recurring and cloud software revenues, divisional performance in Health, Tax & Accounting, Financial & Corporate Compliance, Legal & Regulatory, and Corporate Performance & ESG, and the geographic mix of revenues.
Governance-related news, such as nominations and appointments to the Supervisory Board, is another regular theme, reflecting the company’s oversight structure. Users interested in WTKWY can use this news feed to monitor how Wolters Kluwer is evolving its product portfolio, AI capabilities, and financial policies over time, based on information released directly by the company.
Wolters Kluwer Tax & Accounting announced its cloud-based TeamMate+ Agile Audit solution has received the Gold Globee® Award in the New Product or Service of the Year category from the 2021 American Best in Business Awards. This award recognizes innovations in the audit sector, emphasizing agile methodologies to improve efficiency and risk management. Jim Dunham, Executive Vice President, highlighted the need for agile solutions in modern audit practices. Wolters Kluwer continues to lead in providing expert solutions across various sectors.
Wolters Kluwer, Health announced that Legacy Health has chosen Simplifi 797 for compliance support in cleanroom operations across eight facilities. The platform aims to standardize medication compounding, enhancing staff and patient safety in accordance with USP guidelines (795, 797, 800). Legacy Health recognized inefficiencies in their previous systems and seeks to leverage Simplifi 797 to improve oversight and real-time compliance tracking. This initiative highlights Legacy’s commitment to safety and accountability in pharmacy operations.
Wolters Kluwer has successfully completed the capital reduction approved at the Annual General Meeting on April 22, 2021. The company has cancelled 5,000,000 ordinary shares, reducing the total issued shares to 262,516,153. Following the cancellation, 2,763,928 shares remain in treasury, representing 1.05% of the total issued shares. Wolters Kluwer's operations span over 40 countries, with annual revenues of €4.6 billion reported for 2020. The company’s shares are traded on Euronext Amsterdam under the ticker WKL and the U.S. ADRs trade as WTKWY.
Wolters Kluwer Tax & Accounting discusses state tax deduction limits stemming from the Tax Cuts and Jobs Act of 2017, highlighting attempts by various states to help residents maximize state and local tax benefits.
The article emphasizes Connecticut's pioneering legislation allowing pass-through entity taxation while detailing challenges in other states regarding planning and compliance. The IRS has indicated support for such measures, but varying state laws create complexity for businesses. Legislative changes may affect these workarounds, particularly with a potential expiration of the federal deduction limit after 2025.
Wolters Kluwer will host the TeamMate Live 2021 virtual conference from September 20-22, focusing on agile audit practices. The event will connect audit professionals globally to discuss the transformation of internal audit through digital and analytical strategies. Keynote speaker Tom Wujec will address building high-performing teams. The conference includes over 40 sessions covering industry trends and best practices, emphasizing the need for internal audit teams to deliver greater value amidst emerging risks.
Wolters Kluwer Tax & Accounting has launched a library of Audit Data Analytics Resources to assist CPA firms in transitioning from traditional audit methods to real-time transaction analysis. This initiative aims to enhance audit quality and efficiency, offering resources developed by auditors for auditors, including blogs and video testimonials. The TeamMate® Analytics solution simplifies audit automation, reportedly reducing audit test times by up to 90%. Wolters Kluwer, a global leader in professional services, recorded €4.6 billion in revenue in 2020.
Wolters Kluwer highlights recent CDC recommendations for additional COVID-19 vaccine doses for immunocompromised individuals and the White House's suggestion for a booster shot eight months after the second dose. Kristen Nichols, a pharmacist, emphasizes the distinction between booster shots, meant to enhance waning immunity in healthy individuals, and additional doses for those who may not have responded adequately to initial vaccinations. This initiative aims to improve immune responses and provide critical protection against COVID-19.
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