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CCH Aligns Tax Compliance, Practice, Trial Balance, Planning Software Under PROSYSTEM FX^® Office Brand Name

Expanded Product Line will be Available in 2000

(TORRANCE, CALIF., April 25, 2000) – CCH INCORPORATED (CCH), a leading provider of tax law information and software, said today it has aligned the components of its tax compliance and productivity software under the industry-leading ProSystem fx brand name. ProSystem fx Office (www.prosystemfx.com) will offer tax professionals a fully integrated solution for tax compliance, trial balance, practice management, planning and office productivity. In addition, CCH will introduce a new fixed asset management software to ProSystem fx Office later this year.

"We believe our product suite is the strongest, and our integration the best in the market," said Arthur Ruzzano, vice president of sales and marketing, CCH Tax Compliance. "Moving our entire portfolio under the ProSystem fx name reinforces this and is a natural next step.

"This is especially important as tax and accounting professionals look for tools well beyond just tax compliance – they need productivity solutions for all aspects of their practice. By offering a comprehensive suite with tight integration, we make it easier for accountants to support and expand the firm’s professional services to clients and at the same time manage the internal complexities of a growing practice."

Repositioning its product portfolio under the ProSystem fx Office brand name brings greater efficiency to accounting professionals’ complex and varied workflow, and more seamless integration between the various software components offered by CCH Tax Compliance and Microsoft Office^® . On one platform and within one product suite, accountants can move quickly and easily between tax preparation, trial balance, tax planning, time and billing, project tracking and reporting activities and fixed asset management. Included in ProSystem fx Office are:

• ProSystem fx Tax – Formerly ProSystem fx, the cornerstone of ProSystem fx Office and the industry’s most respected tax preparation and compliance tool, ProSystem fx Tax is designed to handle an extensive range of federal and state individual, corporate, partnership, fiduciary, deferred compensation, exempt and estate and gift returns. It offers more helpful options and automatic calculation features than any other system available. In addition, it seamlessly links with CCH^® Internet Tax Research NetWork™ , tightly integrating tax compliance and research.
• ProSystem fx Audit – Formerly AuditVision, this complete trial balance system streamlines reviews, compilations and audits, and links to ProSystem fx Tax for added reliability and desktop efficiency.
• ProSystem fx Practice – Previously PACS Software which was acquired by CCH last year, this component of the ProSystem fx Office goes well beyond tracking time and billing, delivering critical office management information practices needed to better manage project activities and reports, capture accurate billable hours and raise realization rates.
• ProSystem fx Planning – Formerly AccuPlanner, ProSystem fx Planning allows tax professionals to streamline tax planning engagements that can naturally flow from tax compliance activities. ProSystem fx Planning is customizable and allows practitioners to develop, calculate and review tax scenarios and create effective planning strategies for their clients.

CCH will add a new software tool to the extensive ProSystem fx Office suite later this year. ProSystem fx Fixed Assets will automate the complicated task of tracking and managing assets, which in turn can affect accounting, tax, financial planning, reporting and control activities. CCH’s Fixed Assets will provide complete automated data entry, depreciation calculations, asset tracking and management and reporting solutions for accounting and finance professionals.

For more information about ProSystem fx Office and its suite of valuable software tools, contact your CCH Tax Compliance sales representative at 1-800-PFX-9998, or visit www.prosystemfx.com.

CCH INCORPORATED, headquartered in Riverwoods, Ill., was founded in 1913 and has served four generations of business professionals and their clients. The company produces more than 700 electronic and print products for the tax, legal, securities, human resources, health care and small business markets. CCH is a wholly owned subsidiary of Wolters Kluwer U.S. The CCH web site can be accessed at www.cch.com. The CCH ProSystem fx web site can be accessed at www.prosystemfx.com.

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