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New CCH ProSystem fx® Engagement for Plan Administration
Paperless Workflow, Enhanced Collaboration, Increased Security
(RIVERWOODS, ILL., November 18, 2008) – Now retirement plan administrators can streamline their workflows to save time and money with ProSystem fx® Engagement from CCH, brought to plan administrators by Wolters Kluwer Law & Business (hr.cch.com). ProSystem fx Engagement offers the power of paperless plan administration, automating routine workflow tasks while providing enhanced collaboration and increased security. Wolters Kluwer Law & Business is a leading provider of research information and software solutions in key specialty areas for legal and business professionals.
“The award-winning ProSystem fx Engagement solution has a proven track record, with over 100,000 users and over 10 years of success at accounting firms nationwide,” said CCH Product Manager Brian Hodge. “Now we’re applying that same proven workflow tool to retirement plan administration, where it allows administrators to work more efficiently and effectively.”
Paperless Workflow Automates Tasks, Facilitates Collaboration
With CCH ProSystem fx Engagement, paperless workflow features save time and money by automating time-consuming tasks. For example, customized binder templates allow users to create a new plan administration file binder in just a few minutes. Additionally, users can create as many different custom plan binder templates as the firm needs to accommodate the file structure requirements of the different types of plans they administer.
“The key here is that ProSystem fx Engagement for plan administration flexes to the way that firms administer plans rather than forcing firms to change the way plan files and workpapers are handled in the Engagement environment,” Hodge said.
In subsequent years, the exclusive and unique “roll forward” process built into Engagement can take all the manual work out of getting the next year’s plan administration file binder ready. It is also easy to finalize plan year administration, ensuring completed workpapers are locked down and secure, prior to initiating the next year’s plan administration tasks and archiving the plan administration binder for secure storage and easy backup.
ProSystem fx Engagement streamlines processes at all stages of plan administration with integrated workflow features for administration, reporting, review and sign-off and archiving. The exclusive synchronization process ensures administrators and reviewers that the data being viewed is the most up to date, no matter who has the file or where it is being worked on.
“So now you can simultaneously distribute review notes while plan administration is in process,” Hodge said.
Security Features Ensure Integrity
Security features built into ProSystem fx Engagement allow users to ensure file integrity by securely managing every document from inside the program, avoiding unintentional or unauthorized changes by setting access rights for all staff groups, obtaining secure online sign-offs by preparer and reviewer and locking documents after final review.
“Security is built into every facet of ProSystem fx Engagement, giving users a totally new level of control over the administrative process,” Hodge said.
For More Information
For more information or to purchase ProSystem fx Engagement, call 1-800-449-9525, visit hr.cch.com/pension or contact a CCH sales representative at 1-888-224-7377.
About Wolters Kluwer Law & Business
Wolters Kluwer Law & Business is a leading provider of research products and software solutions in key specialty areas for legal and business professionals, as well as casebooks and study aids for law students. Its major product lines include Aspen Publishers, CCH, Kluwer Law International and Loislaw. Its markets include law firms, law schools, corporate counsel and professionals requiring legal and compliance information. Wolters Kluwer Law & Business, a unit of Wolters Kluwer, is based in New York City and Riverwoods, Ill.
Wolters Kluwer is a leading global information services and publishing company. The company provides products and services globally for professionals in the health, tax, accounting, corporate, financial services, legal and regulatory sectors. Wolters Kluwer has annual revenues (2007) of €3.4 billion ($4.8 billion), maintains operations in over 33 countries across Europe, North America and Asia Pacific and employs approximately 19,500 people worldwide. Wolters Kluwer is headquartered in Amsterdam, the Netherlands. For more information, visit www.wolterskluwer.com.
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