CCH KnowledgeConnect, ProSystem fx Knowledge Coach, Named as Top New Products in 2010 by Accounting Today

RIVERWOODS, Ill., June 18 /PRNewswire/ -- Several innovative new CCH solutions have been honored by Accounting Today as part of its "Top 2010 New Products." CCH® KnowledgeConnect won the award in the Practice Management category, while ProSystem® fx Knowledge Coach won in the Audit Software category. In addition, CCH CorpSystem® Sales Tax Office received an Honorable Mention in the Sales Tax category. CCH, a Wolters Kluwer business, is a leading global provider of tax, accounting and audit information, software and services (CCHGroup.com).

"CCH is committed to a continuing process of product development to keep our customers at the very top of their profession, delivering the very best in service to their clients, through the very best technology," said CCH Marketing Vice President Bob Dias. "We're very pleased that our new products are being recognized for their excellence and value. In fact, this is the second time this year that KnowledgeConnect has garnered a major industry award, which shows that CCH has a great understanding of professionals' evolving needs, and we're in the forefront of meeting these needs with new solutions."

About CCH KnowledgeConnect

The only knowledge management system designed from the ground up for accounting professionals, KnowledgeConnect allows people to brainstorm and collaborate, share and leverage knowledge within their organizations, producing knowledge bases that lead to increased operational excellence and better service to their clients.

KnowledgeConnect captures the internal knowledge of an organization's leaders and subject-matter experts through a structured question-and-answer approach. Powerful search capabilities easily connect firm employees with the knowledge they need to make faster and more informed business decisions, avoid work redundancies and reduce project cycle times.

In addition to integrating with other CCH solutions, KnowledgeConnect integrates seamlessly with Microsoft® Outlook, keeping users in the software they use every day, making the creation of new content, asking and answering questions even easier.

KnowledgeConnect can create interactive communities for easy collaboration across the organization, even if the firm does business in multiple locations or has remote employees. In addition, sharing access to a single knowledge base helps knowledge leaders avoid repeated interruptions for the same questions. It also empowers firms with Web 2.0 technologies to arrange knowledge logically and encourage interactive knowledge sharing among team members through blogs, wikis, best practices and FAQs

Earlier this year, CCH KnowledgeConnect was given The CPA Technology Advisor's Tax & Accounting Technology Innovation Award.

About ProSystem fx Knowledge Coach

ProSystem fx Knowledge Coach combines the risk-based, industry-specific content and guidance of ProSystem fx Knowledge Tools with a dynamic audit workflow engine, streamlining the audit planning process and helping users manage an audit from beginning to end.

Knowledge Coach is a planning tool, workpaper generator, audit workflow management tool and more. It walks the auditor through the planning stage of the audit to associate specific program steps with each risk – either drawn from a built-in program step library, or using steps defined by the auditor – and flags programs that can be dropped.

As the audit proceeds, the system ensures that risks are covered and steps are completed. The results in each workpaper are flowed automatically to all of the workpapers impacted. The system notifies users when workpapers have changed, need to be updated, or need to be re-reviewed. As users identify new risks or new levels of risk, they can open a Risk Pane from any workpaper to enter the new risk information and are prompted to choose or enter appropriate audit steps. Knowledge Coach automatically integrates the new material into the overall audit plan. All Knowledge Coach workpapers can be rolled forward for the following year, driving efficiency gains.

About CorpSystem Sales Tax Office

CorpSystem Sales Tax Office (STO) automates calculating and reporting sales and use tax, combining industry-leading tax data with highly accurate jurisdiction information and sophisticated logic capable of supporting complex sourcing and calculation rules, as well as a fully functional Customer Exemption Management module.

STO handles real-time sales tax calculation for multiple business entities, multiple ERP modules or even different ERP systems. STO Integrates with Oracle E-Business Suite, the SAP ERP system and Microsoft Dynamics AX, GP and NAV. Once configured, it works behind the scenes with minimal user interaction.

For More Information

For more information on CCH KnowledgeConnect, call 888-224-7377 or visit CCHgroup.com/KnowledgeConnect. For more information on ProSystem fx Knowledge Coach, call 800-739-9998 or visit CCHGroup.com/KnowledgeCoach. For more information on CorpSystem Sales Tax Office, call 866-513-2677 or visit CCHGroup.com/sales-tax-data.

About CCH, a Wolters Kluwer business

CCH, a Wolters Kluwer business (CCHGroup.com) is the leading global provider of tax, accounting and audit information, software and services. It has served tax, accounting and business professionals since 1913. Among its market-leading solutions are The ProSystem fx® Suite, CorpSystem®, CCH® IntelliConnect™, Accounting Research Manager® and the U.S. Master Tax Guide®. CCH is based in Riverwoods, Ill. Wolters Kluwer is a market-leading global information services company. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.

SOURCE CCH, a Wolters Kluwer business