(RIVERWOODS, ILL., November 9, 2004) – CCH Tax and Accounting (CCH) and Century Business Services, Inc. (CBIZ) today announced that CBIZ has adopted CCH’s ProSystem fx Profit Driver as a central component of its Business Health – Test and has agreed to become a reseller of the financial diagnostic software. ProSystem fx Profit Driver automatically analyzes financial statements and plots out paths to improved financial performance.
Andre Gien, Director, Strategic Consulting, CBIZ East Region, cited the integration of Profit Driver with other elements of the ProSystem fx Office suite as a key reason for their decision.
“By using Profit Driver we will be able to move directly from a client’s financial statements to a dynamic, graphical presentation on the parts of their business that are most in need of improvement, or have the greatest potential for building their bottom line,” Gien said.
As a reseller of ProSystem fx Profit Driver, CBIZ will also be able to offer clients the ability to benchmark their own progress toward their goals.
“Although it’s powerful, ProSystem fx Profit Driver is easy for our small business clients to implement and to understand,” Gien added.
“Integration of Profit Driver with ProSystem fx Engagement enables firms to make dynamic use of clients’ data to add valuable services and insight. This adoption by CBIZ validates how progressive firms can take advantage of technology to improve their bottom line, ” said Mike Sabbatis, Vice President of Sales and Marketing for CCH Tax and Accounting.
About ProSystem fx Profit Driver
ProSystem fx Profit Driver is a financial diagnostic and analytical solution that transforms client data into an interactive strategic planning tool, enabling professionals to instantly show their clients the outcomes of what-if scenarios and develop detailed plans for reaching goals. Profit Driver integrates with the ProSystem fx Office, as well as data in spreadsheet form.
Century Business Services Inc. (CBIZ) is a leading provider of outsourced business services to small and medium-sized companies throughout the United States. As the largest benefits specialist, and one of the largest accounting, valuation and medical practice management companies in the United States, CBIZ provides integrated services in the following areas: accounting and tax; employee benefits; wealth management; property and casualty insurance; payroll; IS consulting; and HR consulting.
CBIZ also provides valuation; litigation advisory; government relations; commercial real estate advisory; wholesale life and group insurance; healthcare consulting; medical practice management; worksite marketing; and capital advisory services. These services are provided throughout a network of more than 160 Company offices in 34 states and the District of Columbia.
About CCH Tax and Accounting
CCH Tax and Accounting (www.tax.cchgroup.com), based in Riverwoods, Ill., is a leading provider of tax and accounting information, software and services. It has served tax, accounting and business professionals and their clients since 1913. Among its market leading products are The ProSystem fx® Office, CCH® Tax Research NetWork™, Accounting Research Manager™ and the U.S. Master Tax Guide®. CCH Tax and Accounting is a Wolters Kluwer company. Wolters Kluwer is a leading multinational publisher and information services company.
Wolters Kluwer has annual revenues (2003) of €3.4 billion, employs approximately 18,750 people worldwide and maintains operations across Europe, North America and Asia Pacific. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. (www.wolterskluwer.com). Its depositary receipts of shares are quoted on the Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.