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ProSystem fx ActiveData from CCH Offers High-end Financial Analysis and Manipulation Capabilities for All
(GRAPEVINE, TEXAS, November 5, 2007) – As a result of a partnership with InformationActive, CCH, a Wolters Kluwer business and a leading provider of tax, accounting and audit information, software and services, has added ProSystem fx ActiveData to its suite of ProSystem fx Office products, which further builds out its audit and accounting offerings (CCHGroup.com).
As a computer-aided auditing technology tool (CAATT), ProSystem fx ActiveData is a data extraction and analysis tool that can be used to automate a full complement of audit processes directly within Microsoft Excel®, including more than 70 time-saving functions that simplify everything from sampling to sophisticated fraud detection.
With audits becoming increasingly complex with more emphasis in fraud detection and assessment of risk, it’s more critical than ever for audit professionals to have the appropriate tools. ProSystem fx ActiveData offers p owerful analysis features such as group summaries: gap and duplicate detection; stratification; and digital analysis using Benford’s law.
“Until now, data analysis capabilities such as these have only been available in specialized, complex applications, but with the new auditing standards, these should be a part of every professional’s tool kit – and CCH has put them there,” said Brian Steinert, CCH product manager.
Easy to Learn, Use
As a Microsoft Excel plug-in, ProSystem fx ActiveData simplifies data extraction and analysis by leveraging a tool professionals already use. Tight integration with Microsoft® Excel results in a substantially lower learning curve than other products on the market. Users can save time by performing complex calculations with just a few clicks. It also supports greater accuracy and efficiency, and improves productivity by eliminating manual calculations and data manipulation.
“The capabilities are powerful, but ProSystem fx ActiveData is built on a familiar interface, so users leverage their existing skills to produce results quickly and easily,” Steinert noted.
“We are very pleased to partner with CCH, a true leader in the accounting software field,” said Michael Pluscauskas, President of InformationActive Inc. “Our current users love ActiveData’s simplicity, ease of use and complete integration with Microsoft Excel and we are very excited that CCH customers will have the opportunity to use ActiveData to work even smarter and faster.”
For More Information
For more information on ProSystem fx ActiveData, please visit CCHGroup.com/ActiveData or contact a CCH Account Representative at 800-739-9998. To sign up for a free demo, go to CCHGroup.com/ActiveData07.
InformationActive Inc. specializes in the creation of MS-Office solutions that enhance the business intelligence experience of the novice and advanced MS-Office user. InformationActive Inc. adds value by leveraging the inherent power of the Office Suite to manipulate, analyze and display data in meaningful ways for a variety of general business and vertical markets. InformationActive is headquartered in Ottawa, Ontario, Canada. For more information contact firstname.lastname@example.org.
About CCH, a Wolters Kluwer business
CCH, a Wolters Kluwer business (CCHGroup.com) is a leading provider of tax, audit and accounting 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. The company provides products and services for professionals in the health, tax, accounting, corporate, financial services, and legal and regulatory sectors. Wolters Kluwer had 2006 annual revenues of €3.4 billion, employs approximately 18,450 people worldwide, and maintains operations across Europe, North America, and Asia Pacific. 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. For more information, visit www.wolterskluwer.com.
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