What can the data be used for by Wolters Kluwer?
The initial focus of the Open Integration Programme is to access and use financial data from bookkeeping systems to support compliance processes such as Accounts Production and Making Tax Digital. The Open Integration Programme ensures data is collected from 3rd party systems and then made available, removing the necessity for training on multiple bookkeeping solutions.
Our vision with the Open Integration Programme is to be able to make greater use of this data enabling the practitioner to gain added value through benchmarking, data analysis and pro-active reporting. This anonymised data will provide practitioners with the information they need to deliver pro-active advisory services. To fulfil this vision there is additional work Wolters Kluwer will be focusing on in the next year.