Wolters Kluwer is a global provider of professional information, software solutions and services. Having served professionals for two almost centuries, including four decades in Asia Pacific, it delivers content and technology for the healthcare, tax and accounting, governance, risk and compliance and legal and regulatory sectors.

The group serves customers in more than 180 countries, maintains operations in more than 40 countries and employs approximately 19,000 people worldwide.

Long-established values propel the company to put the customer at the centre of everything it does, honouring a commitment to continuous improvement and innovation, aiming high and delivering the right results, winning as a team.

CCH Integrator
CCH Integrator is the transformational solution for tax compliance, tax reporting and tax data management. A true game-changer, it is a cloud-based platform that avoids multiple complex installations, system interfaces and end-user confusion when separate applications are used for tax management, compliance and reporting. CCH Integrator liberates tax teams from complexity – to free them to focus on higher-value strategic initiatives.

Wolters Kluwer has also introduced substantial performance and security improvements that make the platform truly next generation.

Method – Transforming Reporting
The Australian Tax Office (ATO) has been applying a Justified Tax methodology to corporate taxpayers since 2016, with the introduction of the OECD Country by Country Reporting (CbC) obligations. The ATO seeks assurance in four key areas while it builds and maintains community confidence that Australia’s largest taxpayers meet their obligations and pay fair tax.

As a result, Wolters Kluwer adapted and created a development initiative so that CCH Integrator would support customers to prepare and submit their CbC Reporting obligations. As a purpose-built solution it quickly evolves to assist taxpayers meet constantly evolving regulatory requirements based on an acknowledged trustworthy, robust and configurable business management software platform.

A culture and strategy of continuous improvement means that even as new regulations are rolled out Wolters Kluwer confirms through close collaboration with industry and government that CCH Integrator remains fit for purpose.

Customers know they can rely on this work for a variety of evolving reporting and compliance needs because of the platform’s flexibility is built on innovation and continuous enhancement.

Execution
CCH Integrator is a collaborative and configurable platform that provides greater accuracy and automation of annual returns and value-added review capabilities.

As tax team members now work in a changed post-COVID environment where calculating and reporting tax has changed, Wolters Kluwer has created benefits for clients at multinational and local taxpayer level:

Outcomes
The outcomes for CCH Integrator are outstanding. Investment in the platform will continue as tax regulations change and evolve. CCH Integrator already automates processes to develop a seamless flow of data so that low-value activities and the double handling of information is minimised. The platform’s robust configurability and integrity can perform analysis, freeing employees to focus on values activities that add value to their organisation.

Broadly, platform enhancements include:
> Workpapers – a series of additional formulas, configuration, data mapping and data carry forward options and capabilities
> Reports – new standard reports for key tax calculations and
> Security – wide ranging improvements and the ability for workbooks to be automatically locked when complete

In 2021, Wolters Kluwer released solutions for Australian Direct Tax Compliance, Australian Local File (including significant regulatory change) and the CCH Lodgement Portal. As well as a new Australian Indirect Tax e-Filing solution, which allows customers to prepare, validate and lodge indirect Tax Compliance obligations directly to the ATO.

In 2021 this all culminated in:
> ISO 27001 certification for the Information Security Management System
> More CCH Integrator workbooks created than ever before
> More Australian tax returns and Australian Local File lodgements made via the CCH Lodgement Portal than ever before
> Thousands of new CCH Integrator user accounts created worldwide and
> 95% of users reporting a positive experience with CCH Integrators dedicated support team.

For more information about Wolters Kluwer Australia, visit wolterskluwer.com/en-au