Wolters Kluwer Tax & Accounting (TAA), a global leader in professional information, software solutions, and services, announced AI-enabled enhancements to CCH® AnswerConnect, its flagship tax, accounting, and audit research product. The all-encompassing research platform now leverages GenAI to generate responses within its natural language Q&A function enriching the search experience and enabling accounting professionals to create more value for their clients.
CCH AnswerConnect and GenAI
The new GenAI enhanced search functionality allows for natural language queries from trusted sources within Wolters Kluwer content and helps customers understand recent tax law changes, prepare tax returns and identify tax planning opportunities. The solution conveniently cross-references the Internal Revenue Code, income tax regulations and administrative guidance delivering timely intelligence. Natural language queries answer the user’s questions in an easy-to-understand format to enable quick comprehension and minimize time analyzing the tax code.
“We’re listening to our clients, and we’re moving quickly to provide cutting edge solutions that help improve their efficiency and their workflow – ultimately growing their businesses,” said Dean Sonderegger, Senior Vice President and General Manager, Canada and Research & Learning of Wolters Kluwer TAA North America. “These innovations are focused on building firm intelligence for tax and accounting professionals so they can make informed decisions around complex issues. We see the new GenAI technology as another powerful tool that we can put to work with our high-quality, continuously updated, proprietary content to bring benefits to customers.”
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AI Labs
Additionally, CCH AnswerConnect has introduced “AI Labs”, allowing clients to preview beta versions of AI features in development. The AI Labs initiative is an invitation-only program for existing clients leveraging direct feedback and truly partnering on the next generation of AI-enabled products and solutions before they are launched.
Small Firms
Small firms will also benefit from this latest GenAI update with the introduction of the “Ask a Question” feature within CCH AnswerConnect U.S. Master Tax Guide Plus. Customers can now ask the platform questions instead of manually searching through the digitized guide.
SOURCE: BusinessWire