February 2, 2006

CCH Launches Industry's Most Complete Accounting Solution


Toronto February 2, 2006 – CCH Canadian Limited today announces to its customers the launch of the CCH Accountants' Suite, designed as the most complete and integrated toolkit of its kind for Canadian accounting professionals.

The CCH Accountants' Suite meets the rapidly evolving needs of today's growing accounting practice – from tax compliance software and workflow tools, to audit processes, client management, and electronic document storage. The CCH Accountants' Suite is a proven and powerful solution, already delivering business efficiencies to thousands of accounting practices across the United States. In creating the CCH Accountants' Suite, CCH Canadian has taken market-leading Prosystem fx products offered by its U.S. sister company and customized them for Canadian users. These applications are integrated with CCH's Taxprep, Canada's leading compliance software, used by 29 of Canada's top 30 accounting firms and is also integrated with CCH's expert research databases.

“With the launch of CCH Accountants' Suite, we are bringing to the Canadian market the first genuinely integrated solution of its kind,” said Ian Rhind, President and CEO of CCH Canadian. “Our new line of accounting applications is designed to give accounting practices an integrated set of tools, each of which is best-of-breed in its own category, which will collectively maximize productivity, drive profitability and ensure success today and in the future.”

In addition to Taxprep and CCH's Online research products, the CCH Accountants' Suite includes the following applications and tools:

  • CCH Practice, a powerful time & billing practice and project management system that lets practitioners capture more billable hours and improve realization rates;
  • CCH Practice Driver, a revolutionary practice profitability analysis tool designed to analyze and leverage client information and staff productivity in new ways;
  • CCH Document, a paperless office solution built specifically to help today's accounting firms increase efficiencies and reduce costs – while eliminating the risks inherent in manual file management;
  • CCH Engagement, named a Top 100 Software Product by Accounting Today, is a working papers software application. It is a powerful workflow tool that leverages Microsoft Word® and Excel® to provide unprecedented integration and efficiency in moving firms toward true paperless engagements;
  • CCH Profit Driver, a financial diagnostics and analytics tool that transforms client data into a powerful strategic planning tool, creating impressive and profitable new advisory service opportunities; and,
  • CCH Site Builder, a website solution that can give tax and accounting practitioners an effective and affordable professional online presence in as little as 30 minutes.
“The CCH Accountants' Suite should appeal to practitioners because it gives them the integrated tools that they need. Because these applications are built around CCH's Taxprep product, they will particularly appeal to users of that tax software,” said Morden Shapiro FCA, a consultant to the Canadian accounting industry. “I would expect users of this Suite to benefit from improved workflow efficiencies and productivity gains, and to develop new sources of special services revenue. In the longer term, this Suite will give users the technology tools to respond to an evolving marketplace.”


Customers can purchase the CCH Accountants' Suite products by speaking to their CCH Account Manager or by calling 1 866 426-6216. CCH Account Managers can also assist you in assessing your firm's needs by completing a Desktop Solutions Inventory.