Wolters Kluwer, Finago partner to streamline accounting workflows

Wolters Kluwer Tax & Accounting Sweden has partnered with financial management software provider Finago to simplify accounting processes.

The partnership aims to provide Swedish businesses with more integrated financial workflows.

Finago will contribute its accounting expertise, while Wolters Kluwer will provide software and expert solutions for accounting professionals.

The partnership will connect Finago’s daily accounting processes with financial statement preparation and tax reporting in Wolters Kluwer’s Capego solution.

Finago Sweden country manager Andreas Näslund said: “The future of accounting is built on connected workflows, automation and access to real-time data.

“Together with Wolters Kluwer, we are creating a best-in-class platform that enables accounting firms to work more efficiently, improve quality and scale their services without increasing complexity.

“By bringing together complementary strengths, we provide firms with a seamless ecosystem that supports the entire client journey, from bookkeeping and compliance to reporting and advisory services, while ensuring they remain in control of both their data and customer relationships.”

In a statement, Wolters Kluwer said the collaboration marks a move towards a “more connected and open financial ecosystem”.

Wolters Kluwer Tax & Accounting Sweden country lead Kristina Lagerstedt said: “Accounting firms and growing businesses need technology that supports greater complexity without taking away their flexibility or control.

“By connecting Finago to the Capego ecosystem, we are creating a more seamless workflow across accounting, practice management, financial statements and tax reporting.

“Capego sits at the heart of firms’ operations, supporting planning, workflows and compliance processes, while Finago extends the ecosystem with cloud-based accounting and payroll capabilities.

“Together, this helps firms work more efficiently, streamline processes and spend more time delivering value to their clients.”

In March this year, Wolters Kluwer Tax and Accounting Italy added Genya Dichiarativi Expert AI to its Genya cloud platform.

The feature was designed to help tax and accounting professionals compile tax declarations.