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WK Buying Cloud Tools

Tuesday, Jul 30 2024
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Wolters Kluwer Tax & Accounting plans to spend about $352 million to buy a series of cloud-based financial workflow and data exchange tools from Belgian company, the Isabel Group.

These tools—CodaBox, ClearFacts, Clearnox, Zoomit, and Flowin—are designed to enable safe transfer bank statements, invoices, and other relevant data. The capabilities address the e-invoicing compliance of account firms and clients in Europe.

According to the company’s prepared statement, “This portfolio complements Wolters Kluwer’s existing European tax and accounting solutions and enables it to provide end-to-end coverage of the accountants’ workflow from pre-accounting to post-accounting.”

Bob Scott
Bob Scott
Bob Scott has provided information to the tax and accounting community since 1991, first as technology editor of Accounting Today, and from 1997 through 2009 as editor of its sister publication, Accounting Technology. He is known throughout the industry for his depth of knowledge and for his high journalistic standards.  Scott has made frequent appearances as a speaker, moderator and panelist and events serving tax and accounting professionals. He  has a strong background in computer journalism as an editor with two former trade publications, Computer+Software News and MIS Week and spent several years with weekly and daily newspapers in Morris County New Jersey prior to that.  A graduate of Indiana University with a degree in journalism, Bob is a native of Madison, Ind
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