Key takeaways
- Rapid high volume ABN look ups - Accelerates tax reporting process
- Fewer Errors & Manual Checks – Reduces risks and costs in BAS reporting
- Stronger Governance & Efficiency – Enhances tax control in a single platform
- Future-Ready Tax Solutions – Expands automation for smarter compliance
- Find out more about the one-month free trial offer
Table of contents
Background and overview
A strategic agreement with Savant Labs and their cutting-edge Gen AI analytics automation platform is set to expand the capabilities of leading cloud-based tax compliance and reporting platform, CCH Integrator. The introduction of this alliance aims to reduce the complexities of data management and workflow in corporate tax reporting and compliance. The solution will help to improve GST compliance process for organisations through an automated Australian Business Number (ABN) lookup feature, addressing a critical pain point for tax and finance teams involved in monthly Business Activity Statement (BAS) reporting processes.
As regulatory frameworks for GST compliance have become increasingly complex, with increased focus on governance and controls, organisations face mounting costs and time pressures to reduce risk from manual processes and checks and to meet filing deadlines. In Australia, a key challenge has been the manual ABN lookup process, which validates the supplier ABN registration and GST status to accurately complete the BAS and report on GST collected and claimed. For large enterprises managing thousands to millions of transactions monthly, this process can be extremely time-consuming and costly from a cash perspective.
The technical synergies
Through this alliance, CCH Integrator will provide a competitive market offering with access to Savant Lab’s advanced automation analytics technology to enable rapid, high-volume ABN lookups, complimenting the workflow of CCH Integrator’s Indirect Tax module. Mutual clients will be able to:
- Run live validation checks of ABN and GST statuses, from the Australian Business Register, at any time, throughout the BAS preparation workflow
- Mitigate preventable errors in invoicing and payments transaction analysis to accurately record their GST collected and claimed
- Use a single corporate tax management platform to manage Australian direct tax and indirect tax filing obligations with the ATO
- Transform their processes and drive greater governance and controls in the monthly BAS preparation process
- Enhance efficiency and reduce compliance preparation time
“Partnering with Savant Labs is a pivotal step in our mission to provide a comprehensive corporate performance management solution for our clients," said Andy Hung, Director of Product Management for CCH Integrator at Wolters Kluwer. "By automating ABN lookups, we not only save our clients valuable time but also strengthen the accuracy and reliability of their BAS compliance processes."
“We are thrilled to form this strategic alliance with Wolters Kluwer, where together we will deliver significant advancement in tax compliance automation”, states Chitrang Shah, CEO of Savant Labs. “By combining our AI-driven analytics platform with Wolters Kluwer's extensive tax expertise and leading-edge CCH Integrator platform, our mutual clients will enjoy unparalleled efficiency, accuracy and complete governance."
CCH Integrator outlook
This initiative supports CCH Integrator’s mission to empower every user to save time, improve profitability and enable them to grow their business by making it easier to manage risk and perform their work. Beyond ABN lookups, the alliance with Savant Labs provides an exciting pathway for future data management capabilities to assist our clients with their tax compliance and reporting needs.
With an integrated cloud platform, no-code customisation, and local support, CCH Integrator continues to deliver exceptional efficiency gains reinforcing its reputation as the preferred choice for tax compliance and reporting in Australia.
Get in touch today to access a one-month free trial offer.
An award-winning platform
CCH Integrator is recognised globally for its innovation and excellence in financial services. In 2024, it won the Gold Globee Award for New Product & Service Innovation and the Silver Stevie Award for Innovation in Technology Development. Additionally, it also secured the Bronze Stevie Award for Governance, Risk & Compliance. In 2023, CCH Integrator claimed the Asia Pacific Stevie Award for Innovation in Technology Development. Beyond these prestigious honors, CCH Integrator’s systems are ISO 27001 Certified for Information Security Management System (ISMS).
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. Visit www.wolterskluwer.com.
About Savant Labs:
Savant Labs is an AI-powered analytics automation platform built to help business analysts access, prepare, and analyze data faster and more securely. By replacing manual reporting tasks traditionally handled in spreadsheets and legacy tools, Savant enables enterprises to reduce operational costs, enhance productivity, and deliver faster insights. The platform is trusted by Fortune 500 enterprises and high-growth companies including Zynex Medical, Abzena, Million Dollar Baby Company, and Arrive Logistics. Visit www.savantlabs.io.
