CCH, a Wolters Kluwer business, announces the completion of the full integration of Twinfield online accounting with CCH Accounts Production software produced in the UK. Twinfield was acquired by Wolters Kluwer in 2011.
The result, CCH Twinfield, creates a UK accounting service that combines online and in-house accounting systems with powerful business planning and benchmarking tools. This provides a single, integrated platform for accountants and their clients to share information and work together.
The benefits of the service include:
- Efficiency – with direct integration between bookkeeping and accounts production systems, accountants can automatically synchronise hundreds of new entries in seconds, automating a raft of processes. Direct iXBRL filing to Companies House from CCH Accounts Production allows accountants to make the most of the efficiencies that iXBRL can offer. Tax filing for individuals and businesses can also be streamlined by using CCH Personal Tax and CCH Corporation Tax.
- Collaboration – with the CCH Twinfield online accounting system, information is available as soon as it has been entered, so accountants and clients can work on the accounts together. By enabling shared access to accounting data updated in real-time, CCH Twinfield allows accounting practices to give their clients more useful, more timely and more relevant information and advice.
- Added value – an ‘end-to-end accounting service’ that brings every part of the accounting process together dramatically improves the visibility of accounting information. It takes data from a client’s online system and processes it via accounts production through to online filing. Using this data, CCH Strategic Planning software also allows accountants to offer high value services like business planning, forecasting and benchmarking with little extra work.
Simon Crompton, Managing Director of CCH Software, says: “The integration between cloud-based bookkeeping software and desktop-based accounts production systems fundamentally transforms every aspect of the accountant/client working relationship. It drives out paper, streamlines processes and minimises direct client queries, creating a far more efficient and cost effective accounts production process.
“True business advantage can be achieved by adopting an end-to-end accounting service. The result is a more efficient operation that frees up staff time to work more collaboratively with clients. With a totally integrated system, information is available to a practice as soon as it has been entered by clients into the online system. This enables accountants and clients to work together on the accounts, improving the speed of decision-making. It is this proactive, collaborative approach that will be key to retaining client business in an increasingly competitive marketplace.”