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Performance Plans Module, Enhanced Capabilities Featured In CCH SEC Compliance Desktop Version 4.0
(RIVERWOODS, ILL., January
29, 2002) – CCH INCORPORATED (CCH), a leading provider of securities
and business law information and software, has added a Performance Plans
module for managing Long-Term Incentive Plans (LTIP) to its SEC
Compliance Desktop and has added new capabilities for importing,
exporting and managing data. (To order or for more information, contact
your CCH Sales Representative at 1-888-224-7377 or visit business.cch.com.)
According to CCH Securities Marketing Manager Janeen
Kopale, the new Performance Plans module is designed to eliminate
unnecessary, duplicative effort in administering plans that award
shares, cash or some combination of them to top executives based on the
achievement of stated corporate goals.
"The Performance Plans module adds to the
breadth of the SEC Compliance Desktop," Kopale said. "In
addition to administering Performance Plans themselves, it allows
integration and sharing of information with other modules dealing, for
example, with Section 16 compliance. The end result is a system that
makes use of good design to minimize drudgery but at the same time ensures
compliance and shares useful information to interested parties inside
and outside of the company."
In addition, the CCH SEC Compliance Desktop
Performance Plans Module:
Supports performance plan payouts in the form of
shares, cash, cash and shares or restricted stock.
Provides an intuitive data entry process that is
easy to learn and use.
Limits access to authorized users through built-in
Performs automatic validation checks on timing and
volume restrictions if rules would be violated.
Can convert award payout transactions into Section
16 transactions and automatically flow information to Forms 3, 4 and
5 (if separate Section 16 module is purchased).
Generates reports and supporting documents.
Permits creation of hypothetical, "what
Software Employs "Managers"
As with other modules of the CCH SEC Compliance
Desktop, the software eliminates unnecessary repetition in data
entry, performs validation checks and contains extensive filtering
options to create a wide variety of views and reports.
A series of "managers" organizes data by
categories, allowing efficient entry of new data and quick generation of
reports by use of multiple filters. There are managers for Persons, Tax
Rates, Plans and so on.
New with Version 4.0 of the SEC Compliance Desktop software
is the "Termination Manager." The Manager automatically
handles all necessary recordkeeping for all relevant plans and
transactions when someone leaves a company for any reason –
voluntarily, involuntarily or through retirement. The system
automatically asks for necessary information, depending on the modules
in use. The Desktop maintains a database of terminated persons,
and gives administrators the capability of reversing terminations.
Import, Export Enhanced
Also new with Version 4.0 of the SEC Compliance
Desktop are expanded capabilities for importing and exporting
information. Version 4.0 supports the import of additional fields for
all modules, such as tax rate begin and end dates, Social Security
numbers and employee numbers.
The new Export feature allows users to create custom
templates based on the specifications of the target system. This makes
it easier to transmit data to other departments within a company or to
outside entities such as brokers or transfer agents. Once created,
templates can be called up and used repeatedly whenever the need to
share the data recurs.
Features Save Time, Ensure Accuracy
As with all modules of the SEC Compliance Desktop,
the software becomes "smarter" the more it is used. Once a
piece of information is entered, it doesn’t have to be entered again
when a new transaction has to be recorded. Instead, the data already in
the system is called up instantly and entered on new reporting forms.
There are also pick lists designed into the system wherever possible to
speed data entry and extensive error-checking to minimize the
possibility of mistakes.
A security feature allows the administrator to control
levels of user access. This gives the organization the ability to spread
the different functions of the administration across different users or
even across different departments.
Availability and Pricing
All modules in the CCH SEC Compliance Desktop are
priced individually to allow maximum flexibility, and discounts apply
when multiple modules are purchased.
Other SEC Compliance Desktop modules include:
Section 16 Insider Reporting Module
Employee Stock Purchase Plan Module
SEC Forms Module, featuring over 160 interactive
forms and instructions
In addition to an online tutorial and extensive,
context-sensitive help, the subscription price includes on-site or
telephone training, all customer service calls and all updates. For
complete pricing information, contact your CCH Sales
Representative at 888 CCH REPS (1-888-224-7377) or visit business.cch.com.
About CCH INCORPORATED
CCH INCORPORATED, founded in 1913, has served four
generations of business professionals and their clients. The company
produces approximately 700 print and electronic products for securities,
tax, legal, banking, securities, human resources, health care and small
business markets. CCH is a wholly owned subsidiary of Wolters Kluwer
North America. The CCH web site can be accessed at cch.com.
The CCH Business and Finance group web site can be accessed at businesss.cch.com.
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