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New CCH SWORD Essential Takes the Risk Out of Risk Management

Comprehensive, Customizable Single Solution

(DUBLIN, January 15, 2009) – CCH SWORD (formerly Ci3), now offers a single, essential set of services, software modules and content specifically developed to help minimize the risks associated with managing risk: CCH® SWORD Essential. The new solution, based on the award-winning SWORD Enterprise software, provides a customized and cost-effective way to improve the productivity, control and efficiency of risk management processes.

“The process of managing risk in an organization is itself subject to risks,” said SWORD Director Richard Pike. “With a heightened focus today on risk management activities and constrained budgets, risk managers must simultaneously manage organizational risks, while also mitigating risks that are part of the risk management process. SWORD Essential is a single solution that enables professionals to confidently and effectively manage these different types of risk.”

Enterprise Risk Management, In a Box

The SWORD Essential package includes software, services, content and support, all at one price, enabling organizations to build a risk framework, implement a risk system, train users and access support cost effectively. Once configured to match an organization’s framework, SWORD Essential helps ensure that risk management processes are adhered to, and data quality is ensured. Specifically, SWORD Essential includes key risk management functions to enable users to:

• Utilize and enhance an inventory of enterprise risks;
• Assess each risk using a standardized assessment methodology;
• Create and distribute loss and event reports to support the risk and identification and assessment process;
• Report on control performance and assess overall control effectiveness;
• View Risk Maps, Heat Maps and Risk Dashboards for a real-time view of an organization’s risk position;
• Generate reports using standard templates and a wide variety of filters and sorting options; and
• Assign issues and manage action items related to risks.

There are different versions of SWORD Essential targeted at specific industries that include risk content, such as risk register and a loss recording template that are based on state-of-the-art risk practices.

Proven Solution from a Market Leader

SWORD Essential is based on the award-winning SWORD Enterprise software relied on by blue chip companies and leading financial institutions globally.

By leveraging the expertise and proven tools and processes already in use at global financial services clients, SWORD Essential delivers a solution that can be rapidly deployed and gradually expanded to meet the organization’s evolving requirements at a fraction of the cost of Enterprise GRC systems.

Single, Fixed Price

Sword Essential is a fixed price package that includes the following:

• 10 users of the SWORD Essential ERM system including Risk and Control Assessment, Risk Event Recording, Control Performance, Issue and Action Management;
• Industry specific content and reports;
• Single server (includes SQL Server Express);
• Standard product reports and the ability to create your own universal reports;
• Two days of consultancy and implementation services that involves the completion of an ERM framework document and system configuration to match that framework;
• User training; and
• Online and telephone support.

For More Information

SWORD Essential can be purchased as a one-off capital cost, or staged payments over the years of the contract. For more information about SWORD Essential, visit www.cchsword.com; call +353 1 6624233; or e-mail sales@cchsword.com.

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 tax, audit, accounting and risk management solutions. It has served tax, accounting and business professionals since 1913. Among its global risk management and internal auditing products are CCH® TeamMate, a leading integrated internal audit productivity software suite, and CCH® SWORD, a leading enterprise risk management system relied upon by financial institutions worldwide for managing operational risk and compliance. Other leading tax, accounting and audit solutions include 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 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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