Latest news with #FransKlaassen
Yahoo
17-07-2025
- Business
- Yahoo
Wolters Kluwer Digitally Transforms Assurance With Launch of New TeamMate+ Controls Capabilities
NEW YORK, July 17, 2025--(BUSINESS WIRE)--Wolters Kluwer, a global leader in professional information, software solutions, and services today announced that it has launched new enhancements to TeamMate+ Controls. The solution, supported by new capabilities, is designed to empower Internal Controls and Assurance professionals with greater flexibility and insights. Frans Klaassen, Senior Vice President and General Manager, Wolters Kluwer Audit & Assurance and Corporate Tax said: "In today's fast-paced and complex business environment, internal controls are more than just safeguards, they're essential to achieving strategic objectives. Assurance professionals need a solution that's purpose-built for their unique responsibilities. TeamMate+ Controls builds on our strengths and is designed specifically for internal audit and internal control teams, enabling them to embed effective controls into daily operations, align assurance with strategic priorities, and drive performance and resilience without unnecessary overhead. The focus is providing assurance professionals with exactly what they need to lead with clarity and impact." Focusing on the strategic importance of internal controls, Wolters Kluwer conducted a survey to explore key challenges and opportunities for Controls with 2,167 Assurance professionals on June 10, 2025, during Navigating Assurance, a webinar from Wolters Kluwer TeamMate. Key product enhancements and data insights: 40.6% of survey respondents characterize their Internal Audit function's collaboration with 2nd Line assurance providers as limited or reactive, although 34.3% report deep and proactive coordination. Through customizing access levels, it is possible to drive collaboration while managing document provides Advanced Permission Settings: Team leaders can now customize access levels for each member, ensuring that sensitive information is protected while promoting transparency and collaboration. 40.3% of respondents report that executive leaders rely equally on Internal Audit and 2nd Line functions for strategic insight and foresight over key risks. Real-time activity monitoring enables greater transparency and opportunities for efficient and effective risk management across teams. This is improved when these functions coordinate their activities within TeamMate+.TeamMate+ provides Real-Time Activity Monitoring: All stakeholders can now access real-time updates on team activities, allowing for timely interventions and support. 29.8% of respondents identified communication as a priority area for enhancement for internal audit teams. Enhanced communication tools can ensure greater visibility and understanding of the role of internal audit alongside driving provides Enhanced Communication Tools: Improved messaging and notification systems keep everyone in the loop, reducing the chances of miscommunication. Designed to meet rising assurance expectations, TeamMate+ Controls streamlines control documentation, automates testing and monitoring, and fosters business ownership, reducing manual effort, providing real-time insights, aligning assurance functions, and elevating Assurance teams as strategic partners. About Wolters Kluwer Wolters Kluwer (EURONEXT: WKL) 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 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,600 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. For more information, visit follow us on LinkedIn, Facebook, YouTube and Instagram. View source version on Contacts Media Contact Tara SchumacherCommunications ConsultantCorporate Performance & ESGWolters KluwerMob:
Techday NZ
02-06-2025
- Business
- Techday NZ
Wolters Kluwer launches TeamMate+ AI Editor for auditors
Wolters Kluwer has introduced TeamMate+ AI Editor, a generative AI writing engine designed to support auditors in enhancing the quality and security of audit documentation. TeamMate+ AI Editor is intended to help auditors overcome productivity challenges and concerns about data protection linked to the adoption of generative AI tools. The tool provides an accessible interface while incorporating measures that ensure sensitive data remains secure and confidential. "Auditors are increasingly seeking innovative tools that boost productivity and improve the quality of their work. However, concerns about security and data protection, as well as the complexity of generative AI, have presented barriers to adopting and harnessing new technologies. TeamMate+ AI Editor addresses these challenges by providing an easy-to-use, accessible tool that ensures data remains secure and confidential," Frans Klaassen, Senior Vice President and General Manager, Wolters Kluwer Audit & Assurance and Corporate Tax, said. The AI Editor includes several features to streamline audit work. One of the features, pre-built prompts, is designed to help auditors improve their documentation efficiently. Instead of building custom prompts, auditors can use context-aware suggestions that simplify the process and reduce the time spent on manual revisions. Prompt variety is another component of the TeamMate+ AI Editor. The tool provides a selection of prompts allowing users to enhance clarity, change the tone of text, summarise lengthy documentation, and translate content into various languages. This aims to address issues such as inconsistency from manual translations and fragmentation caused by multiple contributors. Data security is a primary consideration in the tool's design. TeamMate+ AI Editor incorporates measures such as data isolation, no data retention, end-to-end encryption, and a personally identifiable information (PII) blocker. These features are intended to offer clients assurance that their data will remain secure and confidential, and will not be used for model training or other purposes. In addition to data protection, the tool includes safeguards to minimise the risk of inaccuracies or irrelevant outputs. It is designed to help maintain consistency and focus in audit documentation, addressing the challenges that can arise under time pressure, including the need for both detail and readability. Research recently conducted by Wolters Kluwer and The Institute of Internal Auditors' Internal Audit Foundation indicates increasing interest in AI within the auditing sector. The findings show that 26% of auditors are currently using AI in their audit activities, while 36% are exploring its potential for future use. However, only a minority report advanced proficiency with generative AI, with 76% of audit leaders rating their skills as "novice or beginner." This suggests there is a significant requirement for user-friendly tools that can support auditors without prior expertise in AI technologies. TeamMate+ AI Editor is positioned as a resource for audit professionals looking to balance efficiency, quality, and data protection when working with audit documentation. The features seek to address common pain points in current audit workflows, such as the time spent on manual revisions, inconsistency in multi-contributor documents, and the risk of data exposure. Wolters Kluwer is responding to these industry challenges with a solution aiming to both improve documentation practices and address the sector's concerns about security and accessibility when implementing AI technologies.
Yahoo
07-05-2025
- Business
- Yahoo
New Survey from Wolters Kluwer reveals internal auditors plan to double AI adoption by 2026
NEW YORK, May 07, 2025--(BUSINESS WIRE)--Wolters Kluwer, a global leader in professional information, software solutions, and services, has released compelling survey findings on the current levels of adoption, future plans and key drivers related to Artificial Intelligence (AI) in internal audit. The survey shows that 39% of internal auditors are already employing AI and a further 41% intend to adopt AI in the next 12 months. Frans Klaassen, Senior Vice President and General Manager, Wolters Kluwer Audit & Assurance and Corporate Tax said: "The findings of our research show that AI is set to transform internal audit in the next 12 months, with adoption set to double to 80%. Over half of internal auditors identified productivity and efficiency gains as the key advantage of AI adoption in the coming year. To realize the transformative potential of AI, auditors will need access to advanced, secure technologies to optimize their operations. As a global leader in audit and assurance, Wolters Kluwer TeamMate is committed to continuous innovation to bring cutting edge and award-winning solutions to the market." Key findings include: AI adoption in internal audit set to increase by 100% The survey revealed that AI adoption will double to 80% in 2026 as 39% of internal auditors are already employing AI and a further 41% intend to adopt AI in the next 12 months. This increase in adoption may be vital, as 46% of respondents indicated that AI adoption in their internal audit function was lower than in other areas within the same business, and only 21% identified that AI adoption was higher than other areas. Key drivers for increasing AI adoption? Enhancing skills and access to technology 45% of survey respondents identified training in AI skills and tools as the greatest positive impact on increasing AI adoption and 84% would consider AI skills as important when recruiting for their internal audit function. 27% of respondents identified access to dedicated AI-powered internal audit technologies as the key driver behind AI adoption. 15% cited the need for robust business-wide governance, and 13% highlighted the importance of internal audit leadership setting an example for AI adoption. Productivity is the key reward of AI adoption for internal auditors
Business Wire
07-05-2025
- Business
- Business Wire
New Survey from Wolters Kluwer reveals internal auditors plan to double AI adoption by 2026
NEW YORK--(BUSINESS WIRE)--Wolters Kluwer, a global leader in professional information, software solutions, and services, has released compelling survey findings on the current levels of adoption, future plans and key drivers related to Artificial Intelligence (AI) in internal audit. The survey shows that 39% of internal auditors are already employing AI and a further 41% intend to adopt AI in the next 12 months. Frans Klaassen, Senior Vice President and General Manager, Wolters Kluwer Audit & Assurance and Corporate Tax said: 'The findings of our research show that AI is set to transform internal audit in the next 12 months, with adoption set to double to 80%. Over half of internal auditors identified productivity and efficiency gains as the key advantage of AI adoption in the coming year. To realize the transformative potential of AI, auditors will need access to advanced, secure technologies to optimize their operations. As a global leader in audit and assurance, Wolters Kluwer TeamMate is committed to continuous innovation to bring cutting edge and award-winning solutions to the market.' Key findings include: AI adoption in internal audit set to increase by 100% The survey revealed that AI adoption will double to 80% in 2026 as 39% of internal auditors are already employing AI and a further 41% intend to adopt AI in the next 12 months. This increase in adoption may be vital, as 46% of respondents indicated that AI adoption in their internal audit function was lower than in other areas within the same business, and only 21% identified that AI adoption was higher than other areas. Key drivers for increasing AI adoption? Enhancing skills and access to technology 45% of survey respondents identified training in AI skills and tools as the greatest positive impact on increasing AI adoption and 84% would consider AI skills as important when recruiting for their internal audit function. 27% of respondents identified access to dedicated AI-powered internal audit technologies as the key driver behind AI adoption. 15% cited the need for robust business-wide governance, and 13% highlighted the importance of internal audit leadership setting an example for AI adoption. Productivity is the key reward of AI adoption for internal auditors Looking at the key advantages of AI adoption, 54% of respondents reported that AI will drive efficiency and productivity gains in the next 12 months for internal auditors. 24% shared that AI will free up auditors to focus on higher-value strategic activities and 13% expect AI to increase accuracy and reduce human error. The survey was conducted with 4,214 Internal Audit professionals on April 30, 2025 during Navigating AI in Internal Audit: Opportunities and Challenges, a webinar from Wolters Kluwer TeamMate. This survey underscores the growing importance of AI in internal audit and the need for businesses to invest in AI training and technologies to drive further adoption and realize the benefits of this transformative technology. About Wolters Kluwer Wolters Kluwer (EURONEXT: WKL) 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 2024 annual revenues of €5.9 billion. The group serves customers in over 180 countries, maintains operations in over 40 countries, and employs approximately 21,600 people worldwide. The company is headquartered in Alphen aan den Rijn, the Netherlands. For more information, visit follow us on LinkedIn, Facebook, YouTube and Instagram.
