Build Resilience with Predictive Intelligence

If 2020 has taught us anything, it’s that the future is full of unexpected surprises. But what if you could predict the future? Although there are still many unknowns, predictive intelligence can help you build resilience by proactively identifying how tax legislation or regulatory changes could affect your clients. Advanced technologies, like CCH Axcess™ iQ can help firms provide enhanced client service, deliver business insights that help streamline tax season, and discover additional revenue streams.

Provide Year-Round Superior Client Service

If you want clients to view you as advisors rather than just accountants, you need to anticipate their needs before they even ask you for help. Because if you don’t, you could lose their business. According to a survey by The Sleeter Group, up to 72% of small businesses have changed accounting firms because the firm wasn’t proactive about addressing tax law changes. With predictive intelligence, your firm can offer updates all year long on how regulatory changes might affect them, so clients can take action today.

Create an Efficient Tax Season

With growing financial advisory services, your firm is keeping in touch with clients all year long, delivering important business insights proactively. But did you know that predictive intelligence also can save critical time during your busy season? Thanks to enhancements to CCH Axcess™ iQ, your firm can streamline the tax prep and review process by identifying which legislative changes could affect each client and spotlighting which areas of the return require a bit of extra attention.

Discover New Revenue Sources

You can use the power of predictive intelligence to flip your firm’s mix of business from primarily commoditized compliance services to a higher percentage of lucrative financial advisory services. Plus, internal data analytics and dashboards help you improve operations, efficiency, and profitability. Both moves position your firm as a trusted partner and open up additional revenue streams.

Learn more ways to build resilience by downloading the ebook “3 Ways Predictive Intelligence Can Help Modernize Your Firm.”

AUTHOR

Wolters Kluwer Tax and Accounting

Wolters Kluwer Tax and 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 and 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. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services. 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).

All stories by: Wolters Kluwer Tax and Accounting
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