{"id":392590,"date":"2020-12-03T08:04:03","date_gmt":"2020-12-03T13:04:03","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=392590"},"modified":"2020-12-03T08:04:03","modified_gmt":"2020-12-03T13:04:03","slug":"wolters-kluwer-enables-audit-professionals-to-minimize-risk-and-save-time-through-new-features-in-its-teammate-analytics-data-analysis-solution","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/wolters-kluwer-enables-audit-professionals-to-minimize-risk-and-save-time-through-new-features-in-its-teammate-analytics-data-analysis-solution\/","title":{"rendered":"Wolters Kluwer enables audit professionals to minimize risk and save time through new features in its TeamMate\u00ae Analytics data analysis solution"},"content":{"rendered":"

<\/p>\n

Wolters Kluwer enables audit professionals to minimize risk and save time through new features in its TeamMate\u00ae Analytics data analysis solution<\/b><\/p>\n

New capabilities enable audit professionals to provide added value to their organizations and clients<\/i><\/p>\n

NEW YORK–(BUSINESS WIRE<\/a>)–
\nToday, Wolters Kluwer Tax & Accounting<\/a> announced the addition of new capabilities to its innovative TeamMate\u00ae Analytics<\/a> solution used by external auditors at tax and accounting firms, as well as by internal audit departments in businesses and public sector organizations of all sizes around the globe. New features include enhancements to the Expert Analyzer that enable auditors to append data to combine multiple data files together; new tools that facilitate mining and analyzing the make-up of transactions; new capabilities to evaluate formulas with more than 1 million rows of data; and advanced summary features that enable auditors to create more flexible summaries of data and analysis within their workflows.\n<\/p>\n

\n\u201cTeamMate\u00ae Analytics is the first audit automation tool that simplifies audit test automation to the point that a data specialist isn\u2019t needed to configure common tests,\u201d said Cathy Rowe, CPA, CA and Director of Accounting and Audit Product Management at Wolters Kluwer Tax & Accounting North America. \u201cIt guides auditors through a structured process in Microsoft Excel, where the test is explained, checked for the right kind of data, executed, and then the results are also explained. Our customers are telling us that the time-savings is significant, for example, one firm shared that TeamMate\u00ae Analytics brought a test that was about 1 to 2 hours down to a 10-minute exercise.\u201d\n<\/p>\n

\nThe TeamMate\u00ae Analytics solution offers more than 150 tools specifically designed to meet the data analysis needs of CPA firm auditors<\/a>, accountants, and internal audit and controls professionals<\/a>. It supports analytic testing with configurable modules that automate audit tests. With the addition of Expert Analyzer there is a new level of flexibility, allowing the automation of multi-step analysis with an intuitive graphical workflow designer that supports multiple datasets and an import directly from a PDF. Accessed from within Microsoft Excel\u00ae, the TeamMate\u00ae Analytics solution includes powerful analytical tools such as gap and duplicate detection, Benford\u2019s testing, Monetary Unit Sampling, and stratification.\n<\/p>\n

\n\u201cTeamMate\u00ae Analytics continues to evolve to provide audit professionals with the robust capabilities they need to provide deep, data-driven insights to their organizations or for their clients. Analytics is a cornerstone of a complete audit process and this innovative solution puts the power of audit analytics into the hands of every auditor, for every audit,\u201d adds Colleen Knuff, CPA, CIA, CISA, CRMA, NPDP and Senior Director of Product Management at Wolters Kluwer Tax & Accounting TeamMate Global Audit Solutions.\n<\/p>\n

\nWolters Kluwer Integrated Audit Approach<\/a> focuses the external audit process on auditor judgment, covering the entire end-to-end workflow to maximize efficiencies and guide firms to a higher quality audit without over or under auditing. This approach represents all the components necessary for an automated, data-driven audit workflow that is integrated with the indispensable CCH Axcess\u2122<\/a> platform. Components include the efficiency of CCH Axcess\u2122 Engagement and TeamMate\u00ae Analytics<\/a>, the methodology of CCH Axcess\u2122 Knowledge Coach<\/a>, the comprehensive content of CCH\u00ae Accounting Research Manager\u00ae<\/a> and CCH Axcess\u2122 Financial Prep<\/a>, the first dynamic cloud-based trial balance solution integrated with CCH Axcess\u2122.\n<\/p>\n

About Wolters Kluwer Tax & Accounting <\/strong><\/p>\n

Wolters Kluwer Tax & Accounting<\/a> is a leading provider of software solutions and local expertise that helps tax, accounting, and audit professionals research and navigate complex regulations, comply with legislation, manage their businesses and advise clients with speed, accuracy, and efficiency.\n<\/p>\n

\nWolters Kluwer Tax & Accounting is part of Wolters Kluwer (WKL), a global leader in professional information, software solutions, and services for the healthcare; tax and accounting; governance, risk and compliance; and legal and regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with advanced technology and services.\n<\/p>\n

\nWolters Kluwer reported 2019 annual revenues of \u20ac4.6 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 19,000 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.\n<\/p>\n

\nWolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt (ADR) program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).\n<\/p>\n

\nFor more information, visit www.wolterskluwer.com<\/a>, follow us on Twitter<\/a>, Facebook<\/a>, LinkedIn<\/a>, and YouTube<\/a>.\n<\/p>\n

\"\"<\/p>\n

View source version on businesswire.com: <\/span>https:\/\/www.businesswire.com\/news\/home\/20201203005168\/en\/<\/a><\/span><\/p>\n

\nMARISA WESTCOTT
\n
212-771-0853
\n
Marisa.Westcott@wolterskluwer.com<\/a><\/p>\n

KEYWORDS:<\/b> United States North America New York<\/p>\n

INDUSTRY KEYWORDS:<\/b> Accounting Data Management Professional Services Technology Software<\/p>\n

MEDIA:<\/b><\/p>\n\n\n\n\n
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Wolters Kluwer enables audit professionals to minimize risk and save time through new features in its TeamMate\u00ae Analytics data analysis solution New capabilities enable audit professionals to provide added value to their organizations and clients NEW YORK–(BUSINESS WIRE)– Today, Wolters Kluwer Tax & Accounting announced the addition of new capabilities to its innovative TeamMate\u00ae Analytics solution used by external auditors at tax and accounting firms, as well as by internal audit departments in businesses and public sector organizations of all sizes around the globe. New features include enhancements to the Expert Analyzer that enable auditors to append data to combine multiple data files together; new tools that facilitate mining and analyzing the make-up of transactions; new capabilities to evaluate formulas … <\/p>\n

Continue reading “Wolters Kluwer enables audit professionals to minimize risk and save time through new features in its TeamMate\u00ae Analytics data analysis solution”<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-392590","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"\nWolters Kluwer enables audit professionals to minimize risk and save time through new features in its TeamMate\u00ae Analytics data analysis solution - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/wolters-kluwer-enables-audit-professionals-to-minimize-risk-and-save-time-through-new-features-in-its-teammate-analytics-data-analysis-solution\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Wolters Kluwer enables audit professionals to minimize risk and save time through new features in its TeamMate\u00ae Analytics data analysis solution - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"Wolters Kluwer enables audit professionals to minimize risk and save time through new features in its TeamMate\u00ae Analytics data analysis solution New capabilities enable audit professionals to provide added value to their organizations and clients NEW YORK–(BUSINESS WIRE)– Today, Wolters Kluwer Tax & Accounting announced the addition of new capabilities to its innovative TeamMate\u00ae Analytics solution used by external auditors at tax and accounting firms, as well as by internal audit departments in businesses and public sector organizations of all sizes around the globe. 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Market Newsdesk","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.marketnewsdesk.com\/index.php\/wolters-kluwer-enables-audit-professionals-to-minimize-risk-and-save-time-through-new-features-in-its-teammate-analytics-data-analysis-solution\/","og_locale":"en_US","og_type":"article","og_title":"Wolters Kluwer enables audit professionals to minimize risk and save time through new features in its TeamMate\u00ae Analytics data analysis solution - Market Newsdesk","og_description":"Wolters Kluwer enables audit professionals to minimize risk and save time through new features in its TeamMate\u00ae Analytics data analysis solution New capabilities enable audit professionals to provide added value to their organizations and clients NEW YORK–(BUSINESS WIRE)– Today, Wolters Kluwer Tax & Accounting announced the addition of new capabilities to its innovative TeamMate\u00ae Analytics solution used by external auditors at tax and accounting firms, as well as by internal audit departments in businesses and public sector organizations of all sizes around the globe. 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