Wolters Kluwer, a global leader in professional information, software solutions, and services, launched TeamMate Document Linker, a new product for accounting firms that strengthens audit quality by auto-linking samples to supporting evidence, saving valuable time on every audit.
TeamMate Document Linker ensures supporting evidence is correctly validated by using optical character recognition technology to extract text from scanned documents, including photographs of crumpled documents, to automatically match and dynamically link the sample or workpaper to the source document. TeamMate Document Linker functions within the Microsoft Excel interface, eliminating the need to switch between tools and windows to verify required data.
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“We are excited to offer TeamMate Document Linker as a time-saving solution to external auditors,” says Colleen Knuff, Vice President of Audit Product Management at Wolters Kluwer Tax & Accounting North America. “So often the tedious task of manually linking supporting evidence to transactions falls to the junior auditor. Not only will this help the junior auditor work more efficiently, but TeamMate Document Linker also streamlines the review and validation process for managers and partners.”
TeamMate Document Linker seamlessly connects with Wolters Kluwer audit solutions. Auditors can use TeamMate Analytics to identify risky transactions or select a sample set of data and then use TeamMate Document Linker to tie the transactions in question to supporting evidence. Documents can be embedded in the Excel workpaper and then packaged together for easy upload to CCH ProSystem fx Engagement or CCH Axcess Engagement for easy review.
SOURCE : BusinessWire