Business Wire
Wolters Kluwer, a global leader in professional information, software solutions, and services, has announced two significant enhancements to its TeamMate+ audit management platform: Multi-Year Audit Planning and the Business Rules Engine. The new capabilities will enable internal audit teams to streamline planning, improve data accuracy, and enhance governance.
“These new features reinforce Wolters Kluwer’s commitment to supporting the evolving needs of audit and controls functions”
“These new features reinforce Wolters Kluwer’s commitment to supporting the evolving needs of audit and controls functions,” said Charlene Noll, Director of Product Management, Wolters Kluwer Audit & Assurance. “Multi-Year Audit Planning and Business Rules Engine empower teams to better navigate complex regulatory environments, maximize resource efficiency, and uphold high standards of data governance. These enhancements are designed to provide audit leaders with the tools they need to make informed, strategic decisions in a timely manner.”
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A global leader in audit and assurance, TeamMate+ is committed to continuous innovation to bring cutting edge and award-winning solutions to the market. Drawing on 30 years of experience in developing advanced technologies, the new functionalities will empower audit and control teams with strategic tools for enhanced planning, data integrity and regulatory compliance. The newly launched capabilities will be available through the TeamMate+ platform, currently live in 150 countries and available in 19 languages.
Multi-Year Audit Planning automates and optimizes audit planning, providing audit leaders in highly regulated industries with a reliable, efficient way to manage audits over multiple periods. By leveraging organizational data already stored within TeamMate+, this tool empowers users to develop a forecasted audit schedule, while allowing for adjustments based on professional judgment and documentation of rationale. This functionality supports vital compliance with industry guidelines and regulations.
The Business Rules Engine provides in-context guidance for end-users, promoting adherence to established organizational standards, mitigating data inconsistencies and reducing reliance on reactive quality checks. This new functionality enables audit teams to ensure data integrity throughout the audit cycle. Professional Practice and Quality Assurance teams will benefit from the no-code utility within Business Rules Engine to deploy, maintain, and update organizational rules as needed.
Audit & Assurance (A&A) is part of Wolters Kluwer’s Corporate Performance & ESG (CP & ESG) division. The division is the world’s leading provider of integrated software solutions for EHS, ESG, Corporate Performance Management, Audit and Assurance, and Risk and Regulatory reporting. Through innovative technology and unique expertise, Wolters Kluwer CP & ESG enables business leaders to make informed, strategic decisions driving transformation, performance and risk management for a sustainable and resilient world.
Wolters Kluwer is a global leader in information, software solutions and services for professionals in healthcare; tax and accounting; financial and corporate compliance; legal and regulatory; corporate performance and ESG. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with technology and services.
Wolters Kluwer reported 2023 annual revenues of €5.6 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,400 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands.
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