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
About CCH Incorporated www.cch.com
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 www.intacct.com
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