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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 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.
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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.
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Wolters Kluwer Tax & Accounting has announced that its TeamMate+ Agile Audit solution was awarded the 2021 Stratus Awards for Cloud Computing, recognized in the Cloud Collaboration category. This accolade emphasizes the demand for agile tools in internal auditing, enhancing risk mitigation capabilities.
Additionally, the solution secured two Gold Globee® awards for Auditing Innovation and New Product of the Year. The accolades signify the company's commitment to cloud-based innovations in professional services.
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The annual review by Wolters Kluwer Compliance Solutions identifies the top compliance shortcomings in the U.S. insurance industry. Key issues include failures in claims handling and underwriting processes. This review uses public data from 2020, highlighting ongoing risks insurers face in adhering to regulatory requirements. The report also serves as a compliance checklist to help insurers improve their operations. Notable criticisms include delayed claims processing and improper documentation. The comprehensive analysis aims to enhance compliance management among insurers.