Over 2 years the accounting firm road-tested several competitive products but it was CCH Integrator™ that ticked all the right boxes
CCH, a Wolters Kluwer business and global leader in tax, accounting and audit information, software and services for professionals, has continued its phenomenal growth trajectory with another major new business signing. This time CCH has added to its imposing list of high-profile, blue-chip customers with yet another of the Big 4 accounting firms signing on to use CCH’s highly regarded tax compliance reporting software,
Peter Boyle, Managing Director of CCH Corporate Reporting Solutions, said there were several key drivers behind the big accounting firm’s decision to adopt CCH Integrator™.
“The organisation’s Asia Pacific operation had a mandate to become a paperless office. In addition, the company had major issues with its inherited tax compliance solution which was incapable of processing electronic lodgments. As a result, it needed to use yet another software solution to then electronically lodge returns.
This made internal processes slow, cumbersome and open to critical errors.”
Over 2 years the accounting firm road-tested several competitive products but it was CCH Integrator™ that ticked all the right boxes.
Boyle said the result is hardly surprising when you consider that CCH Integrator™ is already used by thousands of professionals in hundreds of corporations nationally and internationally. The product enables tax, finance and accounting professionals to streamline workflow while meeting stringent and complex reporting requirements.
The figures are most impressive and speak for themselves:
- 75% of the top 50 ASX-listed corporates trust CCH Integrator™ as their preferred compliance solution.
- 9 of the top 10 financial institutions in Australia use CCH Integrator™.
- 2 of the top 4 mining and resources companies in Australia have adopted CCH Integrator™.
- 25% of Australia’s corporate and industry super funds use CCH Integrator™ for APRA reporting.
Boyle explained another major consideration that helped “seal the deal” for CCH was also one of the most obvious criteria.
“Many organisations wrongly believe that the implementation and staff training for such solutions takes years. The truth is, this particular project was up and running within 6 months in both Australia and New Zealand. Firstly, there was a 3-month internal testing stage, followed by a 3-month pilot program, before going live in November 2012. New Zealand came online just a month after the Australian offices. The implementation included training sessions tailored around the client’s internal processes on how best to set up CCH Integrator™. These training sessions took the form of a ‘product roadshow’ which went around the country to the various offices.”
The benefits were immediate and obvious for the big accounting firm.
“The client had only been using CCH Integrator™ for a month and they could see the efficiencies in terms of audit trails, roll forward functionality, mapping efficiencies, no replication, and numerous reports. They now have the ability to have everything on one platform and it’s fast: instead of taking hours to get the numbers in a format they wanted, it now takes 5 minutes. The time and cost savings are incredible,” Boyle said.
Click here for more information on CCH Integrator™ software.
About CCH Integrator™
CCH Integrator™ is a highly scalable, secure corporate reporting platform designed to integrate all aspects of the compliance process from collection and calculation through to reporting and delivery within the ONE integrated web (cloud) platform.
Trusted by hundreds of corporations in Australia and around the world, including 9 of the 10 leading financial institutions in Australia, CCH Integrator™ is designed to increase visibility, lower risk, and improve accuracy and efficiency for corporate tax and accounting professionals.
About CCH, a Wolters Kluwer business
CCH ( www.cch.com.au) is part of Wolters Kluwer, a market-leading global information services company focused on professionals with annual revenues of (2012) €3.6 billion ($4.7 billion) and approximately 19,000 employees worldwide. Please visit our website or follow us on Twitter, LinkedIn or Facebook for more information.