Intacct Delivers First Ever Cloud Accounting System Connected to CCH ProSystem fx Tax

Integration Enables Firms to Easily Exchange Client Financial Data between Intacct and CCH

SAN JOSE, Calif. (October 19, 2009) –

Intacct, a leader in cloud financial management and accounting applications, today announced it has delivered free integration between Intacct’s award-winning cloud accounting and financial management applications and CCH ProSystem fx® Tax, the award-winning tax compliance and preparation solution from CCH, a Wolters Kluwer business. This represents the first ever cloud accounting system to offer vendor supported integration with CCH ProSystem fx Tax. CPA firms using Intacct and CCH ProSystem fx Tax will now be able to export client financial data from Intacct for use in ProSystem fx Tax with a single click, ensuring the most accurate and up-to-date financial information is used for tax preparation.

More than two-thirds of top CPA firms already use ProSystem fx Tax to manage federal and state tax returns for their clients. Unlike other accounting and tax solutions, which require tax professionals to manually re-type client data or resort to error-prone workarounds like manually massaging data in Excel, Intacct and ProSystem fx Tax now offer an easy way to synchronize client data including charts of accounts, trial balances, transaction details and more between the two systems.

“The combination of Intacct and ProSystem fx Tax is compelling for CPA firms that wish to leverage the best of breed, most productive applications for their client accounting and tax practices,” said Bob Dias, CCH vice president of product and segment management. “We are pleased that Intacct selected ProSystem fx Tax as the first professional tax preparation software to combine with its cloud accounting system – this is a real winning combination for the firms.”

CCH will soon introduce a Software as a Service (SaaS) version of five ProSystem fx Suite solutions, including ProSystem fx Tax. This next generation of the ProSystem fx Suite, developed with extensive customer feedback, is being delivered on a dynamic, centralized, SaaS platform to help customers connect to their clients, staff and information to work more productively. Intacct and CCH also plan to integrate Intacct with the new SaaS version of ProSystem fx Tax.

“Intacct’s partnership with the AICPA was established to improve productivity, increase transparency and reduce costs for AICPA member firms – and our new integration with ProSystem fx Tax strongly supports this charter,” said Daniel Druker, senior vice president of marketing and business development at Intacct. “Integration between Intacct and tax preparation software has been one of the top requests from our CPA partners in the Intacct Accountants Program – and we’re happy to have delivered it first with the best, most widely used tax preparation application from CCH.”

Pricing and Availability
The new integration is available now between Intacct Accountant Edition and CCH ProSystem fx Tax. The integration and standard customer support are included at no charge by joining the Intacct Accountants Program, which is available exclusively from CPA2Biz, a subsidiary of the AICPA. For more details on the program, please visit http://www.cpa2biz.com/intacct.

About CCH ProSystem fx Tax
More than two-thirds of top CPA firms use ProSystem fx Tax, CCH’s tax compliance and preparation software. The most comprehensive system in the industry, ProSystem fx Tax easily handles all types of federal and state returns, offers extensive electronic filing services, and helps firms increase productivity. For more information, call 1-800-PFX-9998 or visit http://tax.cchgroup.com/tax.

About Intacct Accountant Edition
Intacct Accountant Edition revolutionizes the way CPAs serve their small and mid-sized customers, transforming accounting firms from after-the-fact financial statement providers to forward thinking, proactive advisors. Intacct Accountant Edition delivers best-in-class on-demand financial applications that help accounting professionals better collaborate with clients, improve their financial performance and deliver better advice, faster. To learn more about Intacct Accountant Edition, please visit http://us.intacct.com/pr/IAE.

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, CCH® TeamMate, CCH® Axentis, CorpSystem®, CCH® IntelliConnect(TM), 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. Visit www.wolterskluwer.com for information about market positions, customers, brands, and organization.

About Intacct
Intacct is a market and technology leader in on-demand financial management and accounting applications. Bringing cloud computing to finance and accounting, Intacct’s award-winning applications are the preferred financial applications for AICPA business solutions. Intacct applications are used by thousands of businesses, from startups to public companies and are designed to improve company performance and make finance more productive. The Intacct system includes accounting, contract management, revenue recognition, inventory, purchasing, vendor management, financial consolidation and financial reporting applications, all delivered over the Internet via Software as a Service (SaaS).

Intacct is headquartered in San Jose, California. For more information, please visit www.intacct.com or call 877-437-7765.

Media Contacts:

Peter Olson
408-878-0951
polson@intacct.com
Twitter:Intacct_Peter

Source: Intacct

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