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CCH Advances Risk, Compliance and Audit Solutions with New Integration of Content
(RIVERWOODS, ILL. October 28, 2009) – CCH, a Wolters Kluwer business has announced that it is bringing together its premier content with CCH® Sword, CCH® Axentis and CCH® TeamMate technologies. The unique position of CCH to bring actionable, analytical and primary source content into the processes being managed by its industry-leading risk, compliance and audit solutions greatly simplifies and streamlines workflows and reduces the cost and effort required to effectively manage and administer these critical business functions. CCH, a Wolters Kluwer business is a leading provider of tax, accounting, audit, risk and compliance software solutions, services and content serving professionals worldwide (CCHGroup.com).
"CCH is in the unique position of having both the content and industry-leading technology solutions to greatly simplify the integration of information and process management across the risk, compliance and audit professions,” said Ian Rhind, head of CCH’s risk, compliance and audit solutions. “Our strong and growing suite of best-of-breed solutions across risk, compliance and audit, our vast global actionable content, analysis and primary source material covering the legal and regulatory landscape in over 30 countries and our proven expertise at integrating content and software solutions, will ensure that we continue to provide trusted solutions to uniquely meet the changing needs of the Governance, Risk and Compliance market.”
In a world of rapid change and increasing legislative and regulatory uncertainty, risk, compliance and audit professionals invest considerable time and effort establishing and maintaining risk libraries, managing compliance requirements and developing and maintaining audit plans. Oftentimes, the information and guidance needed by these professionals exists outside the company, and significant effort and expense is required to continually integrate frequently changing legislative and regulatory rules and requirements into critical business functions.
Risk, compliance and audit professionals using CCH’s Sword, Axentis and TeamMate solutions can now:
- Enhance their risk libraries and drive risk, compliance and audit assessments based upon a library of hundreds of checklists and workpapers for Corporate Governance, COSO, SEC, GAAP and other financial processes from CCH Accounting Research Manager® and other CCH products;
- Support decision-making through links to comprehensive analysis and references to primary source rules/regulations from CCH Accounting Research Manager and other CCH products;
- Stay up to date with continuous updating of developments impacting evolving risk, compliance requirements and audit programs; and
- Improve visibility with effective dashboard reporting on the current state of risk positions, compliance status and audit results across the enterprise.
For example, risk professionals monitoring tax or financial legislative and regulatory changes can determine the risk of such changes on their organizations, and thereby determine appropriate actions and establish priorities. Compliance professionals can manage and implement policies and training programs and manage compliance in adherence with the actions required based upon risk. Audit professionals can leverage evolving audit plans, source documents and expert analysis to evaluate and provide assurance on the governance, risk and compliance (GRC) processes and programs.
As part of its GRC strategy, CCH has significantly invested in its portfolio of solutions with recent acquisitions, building onto its core technology and content assets and expertise. In 2007, CCH Tax and Accounting advanced its presence in the internal audit arena by acquiring from TeamMate from PricewaterhouseCoopers. CCH TeamMate is the leading integrated audit productivity software suite in the industry serving over 1,700 corporate internal audit departments and government agencies worldwide. In 2008, the unit expanded its leadership in enterprise risk management with the acquisition of Ci3, now named CCH Sword, offering leading operational risk control solutions to financial institutions and corporations worldwide. ComplyTrack, acquired as part of MediRegs in 2007, offers a wealth of actionable healthcare compliance content. Axentis, acquired in July 2009, is a recognized and well-regarded GRC management solution serving the Global 2000’s most heavily regulated companies. CCH’s premier information and research tools add essential compliance content that further strengthen its GRC offerings, rounding out the suite.
About CCH, a Wolters Kluwer business
CCH, a Wolters Kluwer business (CCHGroup.com) 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, CorpSystem®, CCH® IntelliConnect™, Accounting Research Manager® and the U.S. Master Tax Guide®. CCH delivers specialized solutions, integrating authoritative regulatory and compliance content and award-winning software tools. CCH solutions can be used independently or combined together to maximize compliance and operational efficiencies and minimize risk. These solutions include CCH TeamMate for internal audit management; CCH Sword for operational risk management; and Axentis and ComplyTrack for compliance. 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 Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL)