Latest Version of CCH Sword Streamlines Risk Assessments

(RIVERWOODS, ILL., July 15, 2009) – CCH Sword® has released the latest version of its award-winning Enterprise Risk Management system with a major upgrade to the risk and control assessment module. The module now enables an organization that has varying risk assessment programs – such as operational risk, IT risk, compliance, audit and more – to carry out some or all of the assessments in one process, reducing the time and effort required by the business assessors. CCH Sword is a leading developer and supplier of operational risk control solutions to the global financial services sector and a part of CCH, a Wolters Kluwer business.

“Business staff these days are often overloaded with risk and control assessments and questionnaires. While these assessments are important, they should be coordinated and streamlined,” said Richard Pike, Product Director of CCH Sword. “Our clients asked us to provide them with a tool that enables this streamlining so that the efficiency of risk and control assessments is enhanced without limiting their effectiveness. Our world-class risk and control assessment IT platform greatly enhances our clients’ data collection and reporting systems, and also enables them to limit the business interruption caused by risk and compliance programs.”

CCH Sword’s powerful risk and control assessment tool helps companies visualize risks, analyze trends and predict loss outcomes. The assessor is provided with details of events relevant to their risk and control environment including recent tests, recent incidents, recent audit findings and relevant indicators.

Other additions in this new version include enhancements to the control testing and incident recording tools and the addition of a risk manager’s workbench that shows the status of risks, incidents, issues and control tests for each business unit.

For More Information

For more information about CCH Sword, visit; call +353 1 6624233; or e-mail

About CCH Sword

CCH Sword, based in Dublin, Ireland, is a part of CCH, a Wolters Kluwer business. It serves over 3,000 users in Europe, North America and Asia Pacific, with enterprise risk management (ERM) software, governance, risk and compliance software and IT consulting services to provide corporations with a comprehensive view of operational risk in conjunction with audit activities. Established in 1995, CCH Sword became part of CCH, a Wolters Kluwer business in 2008 and was renamed from Ci3 to CCH Sword.

About CCH, a Wolters Kluwer business

CCH, a Wolters Kluwer business ( is a leading provider of tax, accounting and audit information, software and services. It has served tax, accounting and business professionals since 1913. Among its market-leading products are The ProSystem fx® Suite, CCH® TeamMate, CorpSystem®, CCH® IntelliConnect™, Accounting Research Manager® and the U.S. Master Tax Guide®. CCH is based in Riverwoods, Ill.

Wolters Kluwer is a leading global information services and publishing company. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, legal, and regulatory sectors. Wolters Kluwer had 2008 annual revenues of €3.4 billion, employs approximately 20,000 people worldwide, and maintains operations in over 35 countries across Europe, North America, Asia Pacific, and Latin America. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Visit for information about our market positions, customers, brands, and organization.

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