Celent Ranks CCH Sword As Notable Contender in Enterprise Operational Risk Management, Compliance, and Governance Solutions Report

Sword’s Flexible Framework and Strong Usability Are Key

(RIVERWOODS, ILL., September 22, 2009) – CCH Sword, a leading developer and supplier of enterprise risk control solutions and a part of CCH, a Wolters Kluwer business, has been positioned by Celent as a notable contender in the Enterprise Operational Risk Management, Compliance, and Governance Solutions report. The report, issued on September 1, 2009, provides an in-depth analysis of 12 vendors and their governance, operational risk and compliance (GORC) solutions. Vendors are ranked using Celent’s ABCD analysis framework, which at a glance shows the relative positions of each vendor in four categories: advanced technology, breadth of functionality, customer base and depth of client services.

CCH Sword “boasts a flexible framework and strong usability that allows firms to cater to requirements for various lines of business and divisions, yet retain an integrated framework,” the Celent report states.

“We believe the report captures precisely the benefits CCH Sword delivers to our clients in terms of flexibility, individualization and integration, and we are very pleased that the industry has recognized this as well,” said CCH Sword Managing Director Seamus O’Farrell.

CCH Sword provides organizations with a configurable system for measuring, monitoring and managing operational risk and compliance. The Sword platform’s flexible framework allows for the identification and classification of individual risks, and includes integrated tools for the measurement and monitoring of risk levels, as well as easy-to-use reporting and workflow functions which assist in the management of risk across the entire organization.

CCH Sword’s position in the Celent report continues its momentum of significant achievements in 2009, including:

  • Selection of CCH Sword as the platform for ORIC (the Operational Risk Consortium), the operational loss database managed by the Association of British Insurers.
  • Integration with the leading audit management solution, CCH TeamMate.
  • Launch of CCH Sword Essential, a pre-configured risk management solution for small and mid-tier banks, asset managers and insurers.
  • The upcoming October launch of Wiz® Compass, a risk management solution for community, regional and national banks in the United States; Wiz Compass is powered by Sword with pre-configured compliance content that includes lending, deposit, privacy and anti-money laundering/Bank Secrecy Act regulations.

About CCH Sword

CCH Sword, based in Dublin, Ireland, is a part of CCH, a Wolters Kluwer business. It serves over 3,000 users in Europe, North America and Asia Pacific, with enterprise risk management (ERM) software, governance, risk and compliance software and IT consulting services to provide corporations with a comprehensive view of operational risk in conjunction with audit activities. Established in 1995, CCH Sword became part of CCH, a Wolters Kluwer business in 2008 and was renamed from Ci3 to CCH Sword.

About CCH, a Wolters Kluwer business

CCH, a Wolters Kluwer business (CCHGroup.com) is a leading provider of best-of-breed audit, risk and compliance software, information and services to organizations of all sizes. CCH delivers specialized solutions, integrating authoritative regulatory and compliance content and award-winning software tools.

CCH solutions can be used independently or leveraged together to maximize compliance and operational efficiencies and minimize risk. Its 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 Amsterdam, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Visit www.wolterskluwer.com for information about our market positions, customers, brands, and organization.


Wolters Kluwer Tax and Accounting

Wolters Kluwer Tax and Accounting is a leading provider of software solutions and local expertise that helps tax, accounting, and audit professionals research and navigate complex regulations, comply with legislation, manage their businesses and advise clients with speed, accuracy and efficiency. Wolters Kluwer Tax and Accounting is part of Wolters Kluwer N.V. (AEX: WKL), a global leader in information services and solutions for professionals in the health, tax and accounting, risk and compliance, finance and legal sectors. We help our customers make critical decisions every day by providing expert solutions that combine deep domain knowledge with specialized technology and services. Wolters Kluwer reported 2016 annual revenues of €4.3 billion. The company, headquartered in Alphen aan den Rijn, the Netherlands, serves customers in over 180 countries, maintains operations in over 40 countries and employs 19,000 people worldwide. Wolters Kluwer shares are listed on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices. Wolters Kluwer has a sponsored Level 1 American Depositary Receipt program. The ADRs are traded on the over-the-counter market in the U.S. (WTKWY).

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