Intacct Web-Based Accounting Service to Offer Automated, Customized Link To CCH Tax Preparation Software

Leading Provider of Online Accounting Service to Cut CPA Workloads With

Customized Link to Profession's Most Popular Tax Preparation Software

Jun 06, 2001, 01:00 ET from Intacct Corporation

    LOS GATOS, Calif., June 6 /PRNewswire/ -- Intacct Corporation, the leading
 provider of professional-strength, web-based accounting and related online
 business services, today announced a service that will cut CPA workloads by
 automatically transferring customized tax-related information from Intacct to
 CCH ProSystem fx Tax, the market's leading tax preparation software.
     Through an alliance with CCH, the new Intacct service will enable CPAs to
 save hundreds of hours during the hectic tax preparation season -- and thereby
 reduce client fees -- by electronically transferring their clients' revenue,
 expense, and other tax information to Cache's ProSystem fx Tax software.  By
 selecting a tax preparation tab from within the Intacct accounting solution,
 clients' tax information is automatically customized and downloaded to meet
 the specific requirements of CCH ProSystem fx.  With this automated feature,
 CPAs can reduce hours-per-client spent entering tax-related accounting data
 into ProSystem fx Tax.
     CCH ProSystem fx Tax is the leading tax preparation software among the
 nation's 40,000 CPA firms.  The new Intacct/CCH service, a part of Intacct's
 E-Practice offering, will be available as a free upgrade to Intacct users
 prior to the year-end tax rush.
     "To meet the needs of CPAs, web-based services must be able to reduce
 their workload during tax season, when the resources of every CPA firm are
 especially put to the test," said David Thomas, CEO of Intacct.  "Intacct's
 alliance with CCH effectively eliminates one of tax time's most unproductive
 and labor-intensive chores."
     "Accuracy and efficiency are two important cornerstones of ProSystem fx
 Tax," said Arthur Ruzzano, vice president of sales and marketing, CCH Tax
 Compliance.  "Partnering with complimentary industry vendors such as Intacct
 provides our customers with new alternatives to work more productively to the
 benefit of their clients."
     Intacct's alliance strategy
     The Intacct/CCH alliance is the latest of several strategic alliances that
 integrate key services into Intacct's core accounting offering.  The alliances
 enable Intacct subscribers to take advantage of the benefits of the web for
 such tasks as:  online auditing, professional billing, expense reporting,
 payroll, and human resource services.
     Because Intacct is entirely web-based, integration with other web-based
 services is facilitated through the eXtensible Markup Language (XML).  Deeper
 levels of integration are possible through co-development ventures, such as
 Intacct's joint development agreement with Deloitte & Touche, to offer the
 industry's first web-based auditing tool (See separate release, Intacct Taps
 Deloitte & Touche in Offering CPAs The First Web-Based Auditing Tool, December
 19, 2000).
     About CCH Incorporated
     CCH Incorporated is a leading provider of tax and business law
 information, software and services.  The company tracks, reports, explains and
 analyzes tax and related law, producing approximately 700 publications in
 print and electronic form for accounting, legal, human resources, banking,
 securities, insurance, government, and health care professionals.  In
 addition, CCH Tax Compliance produces a comprehensive suite of tax, audit,
 fixed asset, practice and productivity software for accounting professionals.
 CCH is a wholly owned subsidiary of Wolters Kluwer North America.
     About Intacct Corporation
     Intacct Corporation is the leading provider of professional-strength
 web-based accounting and related online business services.  The Intacct
 service is designed for companies that need more than an entry-level PC-based
 accounting package but want an alternative to complex, IT-intensive
 client/server solutions.  Offered on a monthly subscription basis, the Intacct
 service can be accessed via any current web browser.
     Intacct is headed by accounting software pioneer David C. Thomas,
 developer of one of the first PC-based accounting systems.  The company is
 funded by Hummer Winblad Venture Partners, JK&B Capital, Goldman Sachs & Co.,
 Deloitte & Touche LLP, Matsushita Electric Industrial Co. Ltd., and
 Caltos Capital LLC.
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SOURCE Intacct Corporation