Wolters Kluwer Tax & Accounting today announced the launch of CCH iFirm Practice Manager in India. This cloud-based software integrates key business elements of the accounting firm including jobs, timesheets and invoicing resulting in improved profitability, service delivery and business efficiency. CCH iFirm Practice Manager equips a Chartered Accountant with all the tools and information required to run the firm efficiently and reduces resources from time consuming administrative tasks, allowing employees to focus on important advisory roles and adding value to their clients. Wolters Kluwer has been serving accounting firms in India for the past seven years, providing a strong base from which to launch this solution.
CCH iFirm Practice Manager is cloud-based and can be accessed anywhere whether working from home, a client's premises, or using mobile technology such as the iPad or iPhone. Key components include:
- Automated Workflow
- Job-focused
- Smart Capacity Planning
- Customizable Dashboard
- Real-Time Reporting
- Easy Timesheets
- Easy Invoicing
- Contact Management
Sathya Hegde, Partner at Bangalore-based accounting firm, B.C. Shetty & Co, commented “Traditionally we have used different systems for managing client information, tracking jobs and invoicing customers. With CCH iFirm Practice Manager, we have integrated all these functions and now have better control over our business operations. It has streamlined the management of jobs resulting in easier allocation, prioritization and tracking, as well as increased staff productivity. We are able to monitor costs, manage debtor tracking and perform capacity planning. y. The quality of the relationship with our clients has also improved massively, with regular reminders and status updates.”
Corinne Saunders, CEO of Wolters Kluwer, Emerging & Developing Markets, commented, “India is a key market for Wolters Kluwer with new opportunities arising from regulatory changes around the Companies Act, proposed Goods and Service Tax (GST) ) legislation and the adoption of IFRS. With the launch of CCH iFirm Practice Manager we are following our strategy to leverage Wolters Kluwer’s digital investments across borders, globalizing products where possible. At the same time we are strengthening our commitment to the Indian market of being a complete information services and software / workflow tools provider for accounting firms.
Thomas Abraham, Managing Director Wolters Kluwer Tax & Accounting India, commented, “We are excited to launch CCH iFirm Practice Manager to address the automation needs of accounting firms. It is easy to use, does not require any IT infrastructure and can be implemented quickly. Our online content products, which provide encyclopedic coverage of tax case law, commentary and analysis, have been integrated with CCH iFirm making us a one stop shop for accounting firms.
About Wolters Kluwer Tax & Accounting in India Wolters Kluwer Tax & Accounting in India (
www.cchindia.co.in), provides information, software and services that deliver vital insights, intelligent tools and guidance of subject-matter experts as well as offer subscription-based products with high quality content in areas including direct and indirect taxation, international taxation, corporate law and several other related topics.
About Wolters Kluwer
Wolters Kluwer had 2013 annual revenues of €3.6 billion ($4.7 billion), employs approximately 19,000 people worldwide, and maintains operations in over 40 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted 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).
Forward-looking Statements This report contains forward-looking statements. These statements may be identified by words such as “expect”, “should”, “could”, “shall” and similar expressions. Wolters Kluwer cautions that such forward-looking statements are qualified by certain risks and uncertainties that could cause actual results and events to differ materially from what is contemplated by the forward-looking statements. Factors which could cause actual results to differ from these forward-looking statements may include, without limitation, general economic conditions; conditions in the markets in which Wolters Kluwer is engaged; behavior of customers, suppliers, and competitors; technological developments; the implementation and execution of new ICT systems or outsourcing; and legal, tax, and regulatory rules affecting Wolters Kluwer’s businesses, as well as risks related to mergers, acquisitions, and divestments. In addition, financial risks such as currency movements, interest rate fluctuations, liquidity, and credit risks could influence future results. The foregoing list of factors should not be construed as exhaustive. Wolters Kluwer disclaims any intention or obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 
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