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CCH Press Release
Best Software, CCH Tax and Accounting Announce Alliance Delivering New Solutions
to Accounting Marketplace
CPAPractice Manager integrates with ProSystem fx Tax for
added convenience, better functionality and more efficient practice management
(Irvine, CA, May 13, 2004) – Best Software and CCH Tax and Accounting announced
that they have entered into an agreement to provide complementary products and
services to both companies’ accountant customers. The new alliance is designed
to leverage opportunities for the two market leaders to work together to best
serve the needs of their customers in the accounting market. As a first step,
the companies have announced new integration between CPAPractice Manager (formerly
Visual Practice Management) and ProSystem fx Tax, offering a seamless
practice management and tax compliance solution for accountants.
"CPAPractice Manager is already regarded as a market leader in practice
management. By partnering with CCH Tax and Accounting, which has the leading
tax compliance solution in the industry, we’re offering our customers the best
of both worlds," said Ray Jimison, general manager, CPASoftware. "We’re
excited to integrate ProSystem fx Tax with CPAPractice Manager to deliver
the best possible solution to our customers now, and to open the door for possible
future opportunities for our customers."
As a result of this partnership, CPASoftware will no longer be developing its
tax product, and will instead offer its customers tight integration with the
market-leading tax solution from CCH Tax and Accounting - ProSystem fx
Tax. To ensure an easy transition, existing CPASoftware tax customers will have
access to free conversion services, web-based training and other benefits, so
that they can get up and running smoothly as soon as possible.
"CCH Tax and Accounting already offers the industry’s premier tax compliance
system. Building on the strength of integration, we’re very pleased to now be
partnering with Best to integrate ProSystem fx Tax with CPAPractice Manager,"
said Mike Sabbatis, Vice President of Sales and Marketing for CCH Tax and Accounting.
"As part of this alliance, we will also continue to explore other areas
where we can offer accounting professionals new and innovative integrated solutions
that are unmatched in the market."
With ProSystem fx Tax, CPASoftware customers will now have access to
over 300 federal, state, city, and county modules to handle all processing requirements.
They also will benefit from an extensive array of federal and state features,
as well as more forms, automatic calculations and options than on any other
In addition, CPASoftware tax customers will enjoy sophisticated expatriate
and non-resident alien computations and forms for individuals, as well as extensive
partner allocation capabilities and K-1 options for partnerships. For both S
and regular corporations, ProSystem fx Tax offers powerful consolidated
programs, as well as the 709 and 709A for Estate and Gift returns. ProSystem
fx Tax provides unmatched electronic filing capabilities for Individual,
Partnership, Corporation, S Corporation, Fiduciary and Deferred Compensation
returns. And catering to staff who work remotely, CCH offers Global fx,
a dynamic platform that provides professionals with remote access to ProSystem
fx Tax via the Internet through an advanced ASP and thin client technology.
The integration between CPAPractice Manager and ProSystem fx Tax will
be similar to the integration that already exists between ProSystem fx
Tax and ProSystem fx Practice, CCH’s practice management system. This
new integration offers several time-saving features and benefits for accountants,
- Client Information Link: Links client name, number and address data
between the two products, eliminating the need for re-keying data and allowing
users to keep their client changes in sync, whether the update is made in
their tax or practice management software.
- Invoice Link: Using ProSystem fx Tax, users can create invoices
and electronically update CPAPractice Manager’s invoicing and AR systems.
- Project Tracking Link: Users can update CPASoftware’s Project Management
tracking system while working on tax returns in ProSystem fx Tax.
About CCH Tax and Accounting
CCH Tax and Accounting (Tax.CCHGroup.com)
is the nation’s leading provider of tax and accounting information, software
and services. Based in Riverwoods, Ill., it has served four generations of tax,
accounting and business professionals and their clients since 1913. Among its
market leading brands is The ProSystem fx Office, providing a comprehensive
suite of integrated software products for accountants. CCH Tax and Accounting
is a Wolters Kluwer company (www.wolterskluwer.com).
Wolters Kluwer NV is a leading multinational publisher and information services
company, with annual revenues (2003) of EUR 3.4 billion and approximately 19,500
employees worldwide (www.wolterskluwer.com).
About Best Software
Best Software offers leading business management products and services that
give more than 2.3 million small and mid-sized customers in North America the
insight for success throughout the lives of their businesses. Its parent company,
The Sage Group plc (London: SGE.L), supports more than 4.3 million customers
worldwide. Its first half revenue run rate was the equivalent of over $1 billion
on annual revenues. For more than 25 years, Best Software has delivered easy-to-use,
scalable and customizable applications through its portfolio of leading brands,
including Abra, ACCPAC, ACT!, BusinessVision, CPASoftware, FAS, MAS 90, MAS
200, MIP, Peachtree, SalesLogix, Timberline, among many others. For more information,
please visit the Web site at www.bestsoftware.com/moreinfo
or call (866) 308-BEST.
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© 2004 Best Software, Inc. All rights reserved.