Wolters Kluwer signalled its intention to join the cloud practice race by recruiting a range of accounting software developers into its open integration system.
By the end of 2016, these alliances will support trial balance data feeds from Xero, QuickBooks and Sage One into CCH Central and a new online practice platform called CCH OneClick. The import capabilities will be extended to transactional data within the applications, as already happens with the Wolters Kluwer-owned cloud accounting system Twinfield.
While others were tuning into the Chancellor’s somewhat humdrum Autumn Statement, around 500 people gathered at Alexandra Palace to see and hear all about Wolters Kluwer’s new cloud product strategy.
The open integration initiative represents the first step towards an online app store that practices will be able to make available to clients, explained Natasha Kobrak, Wolters Kluwer product owner for online applications.
When it is ready for release the OneClick online client management dashboard will connect both to the existing CCH desktop tools, online apps from third party developers and new facilities within the platform. These tools will include new features designed around the processes envisaged for Making Tax Digital, said Wolters Kluwer managing director for UK & Ireland Claire Carter.
These include a digital data request that will prompt the client for their data. It will then put deadlines and action points on Facebook-like collaborative timelines on both the client’s and the practice’s OneClick dashboard. Using HMRC’s application programming interfaces, it will also be able to interrogate and display data such as employment earnings from the client’s personal tax account.
All of the MTD elements will be included for free as part of the OneClick package, said Carter.
While CCH OneClick won’t actually see the light of day until after self assessment season, the event’s #MoveOn16 Twitter hashtag was buzzing with brief glimpses of it and appearances from application partners including CrunchBoards and Basecone.
CrunchBoards founders Amy Harris and Hannah MacIntyre took to the stage to demonstrate their forecasting and scenario-planning tool.
“We’re really looking forward to working with you and your clients,” Harris told the audience.
Afterwards, Harris told AccountingWEB: “Wolters Kluwer is making significant investments in its digital strategy to allow their customers to do what they do best – giving the best advice to their clients to help their businesses grow.
“CrunchBoards’ strategy has always been to provide a platform for advisory service and in the last two years we've been laying solid foundations. However, it's not just about flexible software - education, change and transformation are critical.
“Wolters Kluwer know the desire of their customers, and through collaboration and innovation we’ll give the customers the edge they need in their market.”
About John Stokdyk
John Stokdyk is the global editor of AccountingWEB UK and AccountingWEB.com.