Tech news: Wolters Kluwer adds conversational AI

Wolters Kluwer launches conversational AI feature in CCH Connect; HubSync adds bevy of new enhancements to suite; Crowe announces cyber risk analysis solution; and other accounting tech news.

Wolters Kluwer adds conversational AI feature

Wolters Kluwer HQ
Wolters Kluwer Tax and Accounting announced the launch of a new conversational AI feature in CCH AnswerConnect. The new conversational AI feature allows tax professionals to engage in back-and-forth text chat conversations within CCH AnswerConnect. The conversational AI enables users to ask follow-up queries and refine search results without needing to start over. In this way, users can address complex tax questions with gen AI powered answers, drawn from Wolters Kluwer's proprietary, continuously updated research library, with direct access to the sources referenced to generate the response. Users can also summarize any of the sources with one click.

HubSync adds bevy of new enhancements

HubSync Office
Accounting and tax solutions provider HubSync announced a host of new enhancements to its product suite. They include HubSync Gateway improvements such as delivery of news, thought leadership from CPA firms and clients, and targeted content delivery to clients; direct integration with Outlook for file sending and requesting; new shared link capabilities with customizable security settings; streamlined digital signatures with My Signatures; AI summarization and enhanced routing for attachments, paired with advanced security at both database and folder levels; and an enhanced Engagement Letter Wizard that offers a holistic view of all client-related entities, enabling integration of detailed client information, including fees and tax jurisdictions, directly into letters, appendices, and exhibits. 

Crowe announces cyber risk analysis solution

Crowe's Indianapolis office
Crowe, a Top 25 Firm, announced it has teamed up with cyber risk analysis firm X-analytics to launch Crowe Cyber Economic Risk Analyzer. It is intended to enable organizations to connect their cyber risk management initiatives with business-aligned, risk-reducing strategies, allowing them to quantify, prioritize, and mitigate cyber risk within their existing ServiceNow platform environments. Specifically, the solution translates complex cyber risks into clear economic exposure metrics for informed decision-making; integrates actionable insights into workflows to prioritize mitigation actions based on their risk-reducing value; and delivers cyber risk insights for effective oversight and governance in the boardroom. The solution is now available for download on the ServiceNow Store.

Call for papers on tech in accounting education

Education bridge
Pixelbliss - stock.adobe.com
Academic publisher Springer announced a call for papers for an upcoming book, "Technological Transformations in Accounting Education." This book will explore how emerging technologies are reshaping the landscape of accounting education. Possible topics include (but are not limited to) the role of artificial intelligence and machine learning in accounting education; integration of big data analytics and financial technologies in accounting curricula; digital transformation and its impact on accounting teaching strategies; case studies on successful adoption of technological tools in accounting programs; and challenges and opportunities of remote learning in accounting education. The submission deadline is Jan. 20, 2025. Submissions must be original and not under consideration elsewhere. Manuscripts should be sent directly to Dr. Rim Khoury at rimkhoury81@gmail.com.

Partnerships, integrations and M&A

Top 50 Firm Schellman announced its acquisition of the third-party risk management practice from Connor Consulting. … Spend management solutions provider Ramp announced an integration with Intuit QuickBooks Desktop that automatically syncs Ramp card and bill payment data with QuickBooks Desktop in real time. … Accounting data solutions provider Progress announced a partnership with the American Institute of CPAs. Progress Sharefile, its SaaS-native, AI-powered, document-centric collaboration platform, now becomes the only document workflow and secure file-sharing solution in the AICPA Member Discount Program. 

Awards and honors

AP/AR automation solutions provider Quadient has been named a Leader in the IDC MarketScape: Worldwide Accounts Receivable Automation Applications for Small and Midmarket 2024 Vendor Assessment. Additionally, it has been recognized for the first time as a Major Player in the IDC MarketScape: Worldwide Accounts Receivable Automation Applications for the Enterprise 2024 Vendor Assessment. … Tax solutions provider Vertex has been named a Leader in three IDC MarketScape reports: IDC MarketScape: Worldwide SaaS and Cloud-Enabled SaaS Sales and Use Tax Automation Software for Enterprise 2024 Vendor Assessment; IDC MarketScape: Worldwide Value-Added Tax Management Applications 2024 Vendor Assessment; and IDC MarketScape: Worldwide SaaS and Cloud-Enabled SaaS Sales and Use Tax Automation Software for Small and Midmarket 2024 Vendor Assessment. 

Other news

Accounting solutions platform Truewind announced a $13 million Series A investment led by Rho Capital and Thomson Reuters Ventures with participation from Pathlight Ventures, which brings total funding to over $17 million. As part of the deal, Habib Kairouz, Joe Dormani, and Charley Ma are joining the Truewind board. Truewind said it will use the Series A funding to expand its accountant community network, scale its multidisciplinary team, and build out its suite of product features. ... Top 25 Firm Aprio announced the appointment of Susan Edwards as chief learning and development officer.
MORE FROM ACCOUNTING TODAY