(NEW YORK, NY, June 7, 2017) — Wolters Kluwer Tax & Accounting solutions have been named winners in all three award categories in the 4th Annual Accounting Firm Operations and Technology (AFOT) Survey. CCH ProSystem fx Tax won top honors in the Profitability Awards (medium and large firms) and Productivity Awards (medium firms) while CCH ProSystem fx Engagement took home the first place award in the Risk Mitigation Awards (large firms) and Productivity Awards (large firms). In addition to winning awards in all three categories, Wolters Kluwer also received five honorable mentions for its tax software solutions.
The 2017 Accounting Firm Operations and Technology Survey, produced by Network Management Group, Inc. and Insight Research Group, examined the inner workings of accounting firms including operations and the technology being used by firms of all sizes. Survey respondents were asked to identify the accounting practice application software that has had the greatest impact on their firm in the areas of productivity, profitability and risk mitigation. Awards were then granted based on the number of votes they received by size of firm.
“The AFOT Survey respondents have chosen two different Wolters Kluwer products for improving profitability, productivity and risk mitigation in their firms. It was clear from the results of the survey that both CCH ProSystem fx Tax and CCH ProSystem fx Engagement deserved these awards. Clearly the value of these products in medium and large firms was recognized again this year,” said Randy Johnston, Chairman & CEO of Network Management Group, Inc.
CCH ProSystem fx Tax is a high-performing software solution known for its extensive integration with other products and its ability to handle the most complex returns and tax issues. This comprehensive system processes all types of federal and state returns while offering extensive electronic filing services that help increase productivity. CCH ProSystem fx Engagement is a powerful, integrated end-to-end solution for engagements. It combines three tools in one as a workpaper manager, trial balance manager and workflow tool while serving as a central hub for all engagements.
This milestone adds to a steady stream of prestigious honors awarded to Wolters Kluwer Tax & Accounting this year. Just last month, CCH ProSystem fx for Small Firms and Global Master Tax and Business Guide both won Bronze Stevie Awards in the American Business Awards. Wolters Kluwer was also named Asia Tax Technology Firm of the Year by the International Tax Review’s Asia Tax Awards. In addition, Wolters Kluwer’s CCH iQ solution was shortlisted as a finalist for Innovator of the Year at the Accountants Daily’s Australian Accounting Awards 2017. And earlier this year, both CCH ProSystem fx for Small Firms and Global Master Tax & Business Guide were recognized by Accounting Today magazine in their list of Top New Products for 2017.
About Wolters Kluwer Tax & Accounting
Wolters Kluwer Tax & Accounting 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.
Wolters Kluwer Tax & Accounting is part of Wolters Kluwer N.V. (AEX: WKL), a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. Wolters Kluwer reported 2016 annual revenues of €4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide. Wolters 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 program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).