Gold Cup
ComplianceJune 04, 2021

Wolters Kluwer Compliance Solutions earns four American Business Awards

Wolters Kluwer Compliance Solutions has earned four American Business Awards for product innovation in the below categories:

  • OneSumX® for Regulatory Change Management, Best Content Management Solution
  • Expere® Language Translation, Best FinTech Solution
  • TSoftPlus™, Most Valuable Technical Innovation
  • CASH Suite™, Best FinTech Solution

In their comments, program judges pointed to the practicality and ease-of-use for Wolters Kluwer’s winning solutions in helping address longstanding needs. “Regulatory overload can grind a business to a pace that leaves them in the dust,” noted one judge asssessing OneSumX for Regulatory Change Management. “This product streamlines the ability to track regulatory changes and move businesses up the value chain.”

Another judge viewed Expere Language Translation to be a “brilliant idea and offering that solves a business and social issue.”  Commenting on TSoftPlus, which enabled lenders to expedite Paycheck Protection Program stimulus loans that helped save nearly 10 million U.S. small business jobs, a judge deemed it to be a “great innovation…TSoftPlus’ well-designed system scaled up well amidst high demand during COVID-19.”

CASH Suite, which earned a gold-level award, was admired for the “integrated nature of the offering to enable end-to-end loan lifecycle processes…CASH Suite is a wonderful fintech product that offers a comprehensive range of solutions in the commercial lending space.”

“Each of these winning solutions reflect a high degree of ingenuity, creativity, and technical prowess that, when combined with our unmatched domain expertise, have helped our customers address some of the most complex operational, workflow, and compliance challenges they face,” said Steven Meirink, Executive Vice President and General Manager, Wolters Kluwer Compliance Solutions. “The level of innovation represented by these prestigious award wins is truly remarkable.”

OneSumX for Regulatory Change Management uses regulatory experts combined with robotic process automation and machine learning to enrich regulatory content that helps financial service firms better monitor, identify, analyze and address regulatory changes impacting their organizations. Highly scalable, TSoftPlus software interfaces directly with the Small Business Administration’s loan application portal to facilitate small business lending. Expere Language Translation’s learning-based, artificial intelligence (AI) translation process system leverages legal and language translation domain expertise to provide lenders a seamless, integrated translation capability for loan origination systems. And CASH Suite software provides lenders a comprehensive financial analysis and risk management solution that promotes efficiency—and effective decisions—throughout the entire commercial lending lifecycle.

These American Business Award wins contributed to Wolters Kluwer being named a 2021 Grand Stevie® Award winner as Organization of the Year, based on the total number of awards the company garnered in this year’s competition. Now in its 19th year, the American Business Awards are part of the Stevie Awards program, recognizing the achievements and positive contributions of organizations and working professionals worldwide.

Governance, Risk & Compliance is a division of Wolters Kluwer, which provides legal and banking professionals with solutions to help ensure compliance with ever-changing regulatory and legal obligations, manage risk, increase efficiency, and produce better business outcomes.
About Wolters Kluwer

Wolters Kluwer (WKL) is a global leader in professional information, software solutions, and services for the health, tax & accounting, governance, risk & compliance, and legal & regulatory sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services.

Contacts
Paul Lyon
Paul Lyon

Global Corporate Communications Director: Global Marketing, Communications & Planning

Governance, Risk & Compliance Division
David Feider
David Feider
Corporate Communications Manager, Banking & Regulatory Compliance
Governance, Risk & Compliance Division