ProSystem fx Engagement From CCH Tax and Accounting Wins First CPA Technology Advisor Technology Innovation Award

(RIVERWOODS, ILL., June 9, 2004) – ProSystem fx Engagement, the revolutionary paperless engagement application from CCH Tax and Accounting, has earned one of the first annual CPA Technology Advisor Tax and Accounting Technology Innovation Awards. ProSystem fx Engagement was one of only five winners of the award, for which approximately 70 products were nominated.

"We’re very pleased and honored to win in a crowded field and to be one of the first recipients of the Tax and Accounting Technology Innovation Award," said CCH Tax and Accounting CEO Kevin Robert. "It confirms what our users have already experienced – that firms using ProSystem fx Engagement are adopting entirely new workflows because of it and are experiencing tremendous productivity gains."

"With ProSystem fx Engagement, we’ve laid the foundation for extending paperless functionality to the entire ProSystem fx Office," Robert added. "This makes our customers dramatically more efficient and productive and lets them offer additional valuable services to their clients."

The award was announced at a reception in Los Angeles at the 2004 California Accounting & Business Show. Presenting the award was Greg LaFollette, CPA, CITP, Executive Editor, CPA Technology Advisor.

"The awards applaud the outstanding accomplishments of companies that continue to lead innovation in technologies that improve the work product and experience of tax and accounting professionals," said LaFollette. "The software and products these companies offer exemplify the constant progress that is being made to heighten the productivity and profitability of financial professionals."

LaFollette noted that, "ProSystem fx Engagement is an outstanding example of the qualities that the Technology Innovation Awards were founded to recognize – a product that demonstrates a significant improvement over previous technologies and provides a view of where the industry is heading in the future."

About ProSystem fx Engagement

ProSystem fx Engagement streamlines tax and trial balance engagements and enables firms to increase efficiency by automating workpaper and financial statement preparation, management, and workflows within a state-of-the-art paperless engagement system.

ProSystem fx Engagement integrates with ProSystem fx Tax, the industry’s premier tax compliance system, and other modules in The ProSystem fx Office suite of compliance and productivity applications.

ProSystem fx Engagement stores engagement binders in a Windows Explorer-style file room, providing users with immediate access to electronic engagement binders whether working standalone, connected to the firm’s network or remote. Existing Microsoft^® Word and Excel workpapers and financial statements can be easily incorporated into ProSystem fx Engagement binders with links to client, engagement and trial balance data.

Through this type of integration and seamless transfer of information, ProSystem fx Office users are able to streamline workflows and achieve a higher level of efficiency and profitability.

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, CCH Accounting Research Manager and the U.S. Master Tax Guide. CCH Tax and Accounting is a Wolters Kluwer company (www.wolterskluwer.com).

-- ### --

nb-04-60