What's Happening?
Wolters Kluwer has announced plans to launch a new platform, CCH Axcess Advisor, designed to assist accounting firms in transitioning from compliance-based work to an advisory-first model. The platform is built
on Wolters Kluwer's Expert AI, which uses generative and agentic AI models to convert data from CCH AnswerConnect into actionable insights. This technology aims to proactively identify tax and financial advisory opportunities for clients, enhancing the advisory capabilities of accounting firms. The platform also includes tools for skills development and firm-wide adoption of advisory practices. Early access is available through the Early Adopter Program, with a commercial launch scheduled for May 2026.
Why It's Important?
The introduction of CCH Axcess Advisor represents a significant shift in the accounting industry towards advisory services, driven by technological advancements. By leveraging AI, Wolters Kluwer aims to empower accounting firms to unlock new revenue streams and strengthen client relationships. This platform could redefine the role of accountants, moving them from traditional compliance tasks to strategic advisory roles. The integration of AI in accounting practices is expected to enhance efficiency, accuracy, and the ability to deliver high-value services. This development is crucial for firms looking to remain competitive in a rapidly evolving industry landscape.
What's Next?
As Wolters Kluwer prepares for the commercial launch of CCH Axcess Advisor, accounting firms participating in the Early Adopter Program will provide feedback that could shape the final product. The success of this platform may prompt other companies in the accounting and financial services sectors to develop similar AI-driven solutions. Firms adopting this technology will need to invest in training and development to fully leverage the platform's capabilities. The broader adoption of AI in accounting could lead to significant changes in industry standards and practices, influencing how firms operate and compete.
