CCH Canadian

CCH Canadian

November 10, 2009 14:40 ET

CCH Profit Driver Delivers New Enhancements for Value-Added Services

The latest release features increased security management options, extended benchmarks and an enhanced projection system

TORONTO, ONTARIO--(Marketwire - Nov. 10, 2009) - CCH, Canada's premier provider of tax and accounting research and compliance tools, is pleased to announce the launch of CCH Profit Driver, v.7.5, a part of the CCH Accountants' Suite. CCH Profit Driver has driven impressive business successes with progressive accounting firms seeking to add new business consulting services to their client offerings. "Besides giving my clients what they need such as financial statements and tax returns, CCH Profit Driver allows accountant like me to provide my clients with what they really want - business advisory and consulting services." says Mark Holton, an internationally renown accountant, CCH Profit Driver user and trainer.

About CCH Profit Driver

CCH Profit Driver is a financial diagnostic tool that enables professionals to deliver a range of value-added services to their clients including working capital management, forecasting and budgeting, business health checkups, benchmarking, and goal seeking. Its powerful financial analysis capability allows professionals to quickly transform historical data into tactical plans. Users can instantly show their clients the outcomes of "what-if" scenarios and develop detailed plans for reaching goals.

CCH Profit Driver v.7.5 comes with a wide range of major enhancements that include:

1. Default Chart of Account Update - Provides additional lines and adjusted terminology for financial analysis in a range of industries.

2. Ascending/Descending loading - Select to load financial statements from earliest to oldest and from newest to oldest.

3. Multi-Year Projections & New Drivers - Set drivers separately for each period to be projected. Plus, define a dividend payout rate and model additional fixed assets.

4. Benchmark options - Extended benchmarks are now available from the following areas: Analysis, Strategy and Report screens.

5. UCA Cash Flow Report - New cash flow report now follows the UCA (Uniform Credit Analysis) format and provides a more in-depth cash flow analysis.

"This new version offers interesting enhancements to projection modules which will contribute in broadening the scope of CCH Profit Driver." says Anthony Vallee, CA - CCH Profit Driver Product Manager." Moreover, as CCH Profit Driver is widely used in the financial sector, this new version also includes several tools allowing users to benefit even more from the analysis and follow-up methods used by large financial institutions."

For more information on CCH Profit Driver, visit cch.ca/profitdriver or call 1-800-268-4522.

About CCH Canadian Limited

CCH is Canada's premier provider of authoritative compliance tools, research and practice materials for accounting, legal and business professionals. Having celebrated its 60th anniversary in 2006, CCH Canadian produces software and information products that help customers take command of complex regulatory issues in tax, accounting, law, financial planning and human resources. CCH (www.cch.ca) is a Wolters Kluwer business (www.wolterskluwer.com).

Wolters Kluwer is a leading global information services and publishing company. The company provides products and services globally for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors. Wolters Kluwer has annual revenues (2007) of EUR 3.4 billion, maintains operations in over 33 countries across Europe, North America and Asia Pacific and employs approximately 19,544 people worldwide. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. For more information, visit www.wolterskluwer.com.

Contact Information