SOURCE: OpenPages

September 09, 2008 10:28 ET

OpenPages and CCH Announce Strategic Technology Agreement

Integrated Solution to Deliver Improved Audit Information, Management Processes for Users

WALTHAM, MA and RIVERWOODS, IL--(Marketwire - September 9, 2008) - OpenPages®, the leading provider of enterprise GRC management solutions that optimize business performance, and CCH, a leading supplier of tax, audit and accounting information, software and services, today announced a strategic technology and co-marketing agreement, which calls for the organizations to support the integration of OpenPages FCM with CCH TeamMate® to provide users with a streamlined approach to managing audit information across the enterprise.

As part of the OpenPages Platform, OpenPages FCM delivers an award-winning approach for managing financial controls compliance through self-assessments, certifications, compliance automation and executive dashboards that provide management with the visibility, control and decision support required to ensure financial reporting compliance and to optimize business performance. CCH TeamMate is the powerful, award-winning audit management system that has revolutionized the audit management process. TeamMate is used by more than 56,000 auditors from more than 1,500 organizations and is the industry standard in Audit Management Systems.

As a result of the cooperation between OpenPages and CCH and the integration of their offerings, customers will realize benefits from:

--  Streamlined Interface -- Auditors working in TeamMate can pull data
    directly from OpenPages for a seamless interchange of entity, risk and/or
    control data.
--  Support for File Attachments -- With the integrated solution, file
    attachments can be transferred between OpenPages and TeamMate, which may
    include both narrative and spreadsheet attachments, which can be version-
    controlled for use by external auditors.
--  Selective Update for Process/Risk/Control Data -- Auditors can
    selectively update process/risk/control data in OpenPages directly from
    TeamMate.
--  Embedded Links -- Auditors can leverage supporting links in TeamMate
    that direct users to OpenPages risk/process/controls.
    

"We are delighted to continue our long-standing relationship with TeamMate," said Michael Duffy, president and CEO of OpenPages. "TeamMate's ability to increase both the efficiency and productivity of the entire audit process complements our ability to automate the financial controls management lifecycle with OpenPages FCM. We are looking forward to serving our joint customers to help drive enhanced efficiency and productivity in the audit management process."

"CCH TeamMate is very pleased to work with OpenPages in delivering a streamlined solution to businesses. Combined, our two award-winning products will provide joint customers with a best-of-breed, end-to-end solution for managing the audit and assurance process throughout the enterprise," said TeamMate General Manager and Vice President Mike Gowell.

For more information, please visit www.openpages.com

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® Office, CorpSystem®, CCH® Tax Research NetWork™, 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 (www.wolterskluwer.com).

About OpenPages

OpenPages is the leading provider of enterprise GRC management solutions that optimize business performance. OpenPages empowers the world's largest companies by unifying governance, risk and compliance (GRC) activities across the enterprise and by incorporating risk management into their everyday business processes. Market-leading corporations select OpenPages because of its domain expertise and software solutions that seamlessly adapt to their unique risk management methodologies while providing the flexibility to evolve their governance, risk and compliance processes over time. Founded in 1996, the company is headquartered in Waltham, Mass., with international offices in Japan and the United Kingdom, and regional offices throughout North America.

For more information on OpenPages' suite of risk and compliance solutions, please call 781-693-5999 or visit www.openpages.com.

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