CCH, Sage Software Streamline Tax Preparation with Integration of ProSystem fx Tax and FAS Asset Accounting

Alliance Between Two Companies Continues to Deliver New Solutions to Accounting Marketplace

(RIVERWOODS, ILL. and HERNDON, VA., June 2, 2005) – CCH Tax and Accounting (CCH) and Sage Software (formerly Best Software) announced today that they have enhanced their alliance to deliver new, integrated software solutions to the accounting marketplace by launching a new link between Sage Software’s FAS Asset Accounting product and ProSystem fx Tax software. CCH is a premiere provider of tax and accounting productivity software, research and services ( Sage Software is a leading business management product and service provider supporting the needs, challenges and dreams of more than 2.4 million small and mid-sized customers in North America.

“This integration is another important step in helping our customers get the most from their software,” said Mike Sabbatis, CCH vice president of sales and marketing. “FAS Asset Accounting has a strong reputation and foundation of customers in both the CPA and small and mid-sized business marketplaces. This new functionality will help both ProSystem fx corporate customers and the CPAs who provide tax compliance service to their business clients. Bringing these award-winning products together also delivers an end-to-end integrated solution to the corporate income tax compliance arena.”

The new ProSystem fx Tax-FAS Asset Accounting integration brings together two best-of-breed solutions to enable users of both programs to automatically transfer depreciation from FAS directly into the ProSystem fx Corporation, S-Corporation and Consolidated Corporation and Partnership tax modules.

“By providing a tight integration with CCH ProSystem fx Tax, we are able to leverage the strengths of each of our offerings and deliver a more robust total solution to customers in need of a tax software product,” said Chris Donie, Sage Software’s vice president and general manager of FAS Solutions. “We look forward to delivering more value to our customers through future joint projects.”

Alliance Delivers New Solutions

The ProSystem fx Tax-FAS Asset Accounting offering marks another step in plans announced by CCH and Sage Software to offer integration between the companies’ products to streamline workflows for CPA firms and corporations. The partnership 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 in the alliance, CCH and Sage Software announced integration between Sage Software’s CPAPractice Manager and CCH’s ProSystem fx Tax in May 2004, offering a seamless practice management and tax compliance solution for accountants.

About Sage Software (formerly Best Software)

Sage Software offers leading business management products and services that support the needs, challenges and dreams of more than 2.4 million small and mid-sized customers in North America. Its parent company, The Sage Group plc (London: SGE.L), supports 4.5 million customers worldwide. For more than 25 years, Sage Software has delivered easy-to-use, scalable and customizable applications through its portfolio of leading brands, including Abra, ACCPAC, ACT!, BusinessWorks, CPASoftware, FAS, MAS 90, MAS 200, MAS 500, MIP, Peachtree, SalesLogix, and Timberline Office, among many others. For more information, please visit the Web site at or call (866) 308-BEST.

About CCH Tax and Accounting

CCH Tax and Accounting (, based in Riverwoods, Ill., is the nation’s premier provider of tax, audit, and accounting information, software and services. It has served tax, accounting and business professionals and their clients since 1913. Among its market leading products are The ProSystem fx® Office, CCH® Tax Research NetWork™, Accounting Research Manager™ and the U.S. Master Tax Guide®. CCH Tax and Accounting is a Wolters Kluwer company.

Wolters Kluwer is a leading multinational publisher and information services company. Wolters Kluwer has annual revenues (2004) of €3.3 billion, employs approximately 18,400 people worldwide and maintains operations across Europe, North America and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands ( Its depositary receipts of shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.

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