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Friday, 15 November 2013 12:01

CCH buys Melbourne accounting software company


Global IT services company, CCH – a Wolters Kluwer business - has acquired Melbourne-based accounting software company, Best Practice Solutions (BPS), in a deal which it says significantly expands its ability to provide a “holistic software-plus-content solution” to Australian and New Zealand accounting firms.

CCH CEO Asia Pacific and President of Wolters Kluwer Tax and Accounting Asia Pacific, Russell Evans, said the solutions on offer would also enable accounting firms to “better serve” their clients who operate small to medium enterprises (SMEs).

According to Evans, research of over 1,000 SMES commissioned by CCH showed that SMEs trust their accountant ahead of their financial planner, business partner or lawyer when it comes to which external adviser they trust most, “yet only 37% of accountants are sufficiently freed up from transactional work to be able to provide them that strategic business advice.”

“A natural extension of the content and software already provided by CCH, the addition of BPS software solutions will better equip Accounting Firms with a single source of authoritative and practical information, software and services to become that keenly-sought trusted advisor to their SME clients.”

“We welcome the addition of the BPS team and its fantastic accounting software products to Wolters Kluwer Tax and Accounting. Our CCH iFirm cloud software suite and BPS’ revolutionary ATO Paper Buster product is proven to save an accounting firm around 1,000 hours a year so we will make it even easier for accountants to be that trusted adviser to their SME clients.

“SMEs are often cited as the engine room of the Australian economy, but this should more accurately be described as ‘successful’ SMEs.”

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Peter Dinham

Peter Dinham - an iTWire treasure is a mentor and coach who volunteers also a writer and much valued founding partner of iTWire. He is a veteran journalist and corporate communications consultant. He has worked as a journalist in all forms of media – newspapers/magazines, radio, television, press agency and now, online – including with the Canberra Times, The Examiner (Tasmania), the ABC and AAP-Reuters. As a freelance journalist he also had articles published in Australian and overseas magazines. He worked in the corporate communications/public relations sector, in-house with an airline, and as a senior executive in Australia of the world’s largest communications consultancy, Burson-Marsteller. He also ran his own communications consultancy and was a co-founder in Australia of the global photographic agency, the Image Bank (now Getty Images).

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