CCH Insolvency. ...clear thinking. Information. Fee Protection. Software. Magazines. Professional Development

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1 CCH Insolvency Information Fee Protection Software Magazines Professional Development...clear thinking

2 CCH Insolvency key features at a glance the challenges The insolvency industry has experienced unprecedented growth recently. The extra work, combined with increased regulation, is forcing IPs to look for more efficient ways of working, while maintaining a tighter grip on compliance. As well as an increasing workload, new regulatory requirements and more paperwork bring extra risks. With so much new work being taken on, you need to be confident that your staff are fulfilling all statutory requirements, especially since it s becoming harder to recruit experienced personnel. To maximise the return to creditors, IPs want to be able to spend more time on revenue generating activities such as selling businesses and assets. This means performing statutory and routine tasks as efficiently as possible. As more firms enter the market, fees are coming under increased competitive pressure. And as the general public make greater use of insolvency services, IPs need to find more effective ways to communicate with a consumer market. the solution CCH Insolvency meets these challenges, dealing with all aspects of case administration in Scotland, England and Wales: Assign and manage work An integrated task management system allows partners and managers to allocate tasks and check outstanding work across all jobs. Employee workloads can be closely managed so that key milestones and statutory deadlines are always met. Track and manage assets through to realisation Detailed information, including linking contracts, agent valuations and photographs, can be stored for each asset. You can record going concern and forced sale values for each asset and easily compare realised and SOA values. Use a fully integrated financial accounting system A flexible general ledger puts effortless and accurate financial accounting at the heart of your insolvency practice. Every figure relevant to a case from initial valuation to final realisation is instantly available. Manage all aspects of creditors claims The comprehensive creditor register allows creditor, employee and shareholder claim summaries to be displayed on screen. When claims are adjudicated, reasons for rejection are stored, making subsequent letter production simple. Create, file and find documents Drag and drop documents, spreadsheets and PDFs straight into a job. Full text searching makes them easy to find and instantly accessible. Run multiple offices CCH Insolvency has been designed to run efficiently in multioffice environments, with a central database design that simplifies deployment and ongoing administration.

3 Assign and manage work The integrated task management system allows tasks to be allocated to individual users, so that employee workloads can be closely managed. Partners and managers can instantly check outstanding tasks across all jobs so that key milestones and statutory deadlines are always achieved. Outstanding tasks can be viewed by job, user, date range and team, making it easier to check and manage work. Work can be reassigned when staff are absent or at capacity. Track and manage assets through to realisation CCH Insolvency includes a full asset management system, allowing individual assets to be tracked and managed through to realisation, with current information displayed instantly on screen. Allocate tasks and check outstanding work across all jobs Detailed information including linking contracts, valuations, photographs and file notes can be stored against each asset, making it easier to identify and track them. Assets are linked directly to their respective secured creditor. This simplifies reporting and makes it easier to assign realisation costs and determine distributions. The asset management system stores going concern and forced sale values for each asset. he system makes it easy to identify which assets have been realised and compare actual to SOA values. Use a fully integrated financial accounting system CCH Insolvency has a flexible general ledger. There s no limit to the number of accounts you can create, and the chart of accounts can be customised exactly how you want. With the integrated asset management system you ll never overlook an asset or fail to realise it in a timely fashion It s possible to drill down directly from the chart of accounts to see individual transactions. The system produces invoices, purchase orders and receipts and an on screen report shows bank account balances across all jobs. The ledger handles multi-currency, simplifying cross border insolvency cases. Trading jobs can be run through CCH Insolvency, splitting out IP s liabilities and trading receipts. All accruals and prepayments can be tracked. Rather than having to raise a number of confusing journals. mispostings can be easily corrected within the ledger.

4 Manage all aspects of creditors claims CCH Insolvency has a comprehensive creditor register, allowing creditor, employee and shareholder claim summaries to be displayed on screen. This gives instant access to the latest information without the need to print reports. When claims are adjudicated, reasons for rejection are stored, making subsequent letter production simple. Dividends can be cancelled, deleted or marked as unclaimed and dividend cheques can be reissued, all without having to make journal entries. The creditor register offers straightforward ERA computation and an on screen view of the split between preferential, unsecured and RPO claims. Creditor information can be imported from Excel templates, minimising data entry. Records can be kept of attendance at creditors meetings. Create, file and find documents Letters can be linked to tasks and job types. This not only makes it easier and quicker to produce standard documents, it also helps to ensure that the correct documents are always sent out. Letter templates can be easily customised so that all documents have a consistent house style. The efficient management of creditor claims saves time and reduces risk or Produce a one screen debt summary for each creditor across all jobs The Document Management system links files to their respective jobs, making all relevant documentation instantly accessible. Within each job you can replicate existing filing structures. Documents, spreadsheets and PDF files can be dragged and dropped straight into a job. Full text searching allows you to search for text within documents and files. s can be dragged into Document Management so that users can access MS Outlook from within CCH Insolvency and view s relating to the job. Run multiple offices CCH Insolvency has been optimised to reduce network loads and run efficiently in multi-office environments. Its central database design simplifies deployment and ongoing administration. File notes, lodgements, correspondence with creditors and the minutes of shareholder meetings are all instantly accessible or Link s with their corresponding insolvency job Users can be assigned to individual or multiple offices so that teams can work together without geographic constraints. The Document Distribution Wizard allows task templates and letter packs to be managed centrally to help maintain a consistent corporate image and approach.

5 Beyond insolvency software CCH Insolvency is part of the CCH ProSystem Suite. Each application offers exceptional individual performance, but it can also work together with other CCH products. When used like this, the software allows insolvency alongside other accounting professionals to deal with every aspect of their compliance work, valueadded services, practice management and practice development. To make sure you get the most out of your investment in our software, we employ accounting and insolvency specialists in our support team. Currently, 95% of support calls are answered within 180 seconds, and our service standards are published and continually monitored. It s the same with our training and consultancy teams. They ll ensure you and your staff get whatever help you need, not just in the early days but also as your experience and requirements grow. Of course, running an insolvency or accounting practice isn t just about selecting the best available software. As part of Wolters Kluwer, a leading international provider of information, software and other tools to professionals, CCH is uniquely equipped to help you develop your practice, train your staff and improve service delivery. CRM WORKFLOW PERSONALISED HOME PAGES DOCUMENT MANAGEMENT CENTRAL ALERTS CCH is one of the longest-established publishers in the accountancy profession. Our publication and information services now include a range of online resources, CDs and expert telephone advice. We offer a number of fee protection schemes and consultancy services to help protect you, your clients and your client relationships. Our magazines and periodicals include Accountancy, the leading monthly magazine for chartered accountants. We have professional development training solutions to match every need, whether you re looking to develop your knowledge and skills or fulfil your CPD requirements. These range from half-day seminars to intensive courses, and now include online e-learning for flexible, self-paced training.

6 About CCH CCH enjoys a unique position within the tax and accounting communities, having provided them with first class business solutions for more than 100 years. In April 2008 Wolters Kluwer added MYOB UK Accountants Division to the CCH family. CCH now services more than 3,000 professional firms of all sizes, from sole practitioners to most of the UK s top 100 accounting practices. A wide variety of products and services are available from software, professional development programmes and fee protection services to training and consultancy, reference books, CDs and online information. Whether you re looking to build client relationships, improve your firm s profitability, develop new revenue streams or reinvigorate your business processes, CCH has solutions that can help. The CCH ProSystem Suite Central The core products in the CCH ProSystem Suite work within CCH Central. CCH Central provides a single point of entry for data, and enables cross-product reporting and data mining. Personalised home pages allow individuals to bring together all the information they need on a single screen. Practice Management CCH Practice Management helps partners and practice managers organise staff resources and maximise chargeable time. The software supports multiple offices and remote access and data entry for staff working offsite. Document Management CCH Document Management stores and manages the full range of documents used by an accounting practice, giving 24/7 remote access to client files. Sophisticated search options and integration with Microsoft Outlook make it easy to find and use any item of client correspondence. Audit Automation CCH Audit Automation automates the process of conducting an audit, minimising risk, enforcing standards and reducing costs. Paperless working allows tasks to be divided easily between staff. Accounts Production CCH Accounts Production turns raw accounting data into finished statutory accounts quickly and cost effectively. Regularly updated accounts formats are available for a wide range of entities, including charities, partnerships, pension funds, farms and group accounts. Tax CCH provides a comprehensive suite of applications to handle tax administration and planning for a wide range of taxpayers, including individuals, companies and other entities. CCH Personal Tax CCH Partnership Tax CCH PKF P11D CCH Trust Tax CCH CGT & Dividend Scheduling CCH Corporation Tax Trust Accounts CCH Trust Accounts supports the specialist accounting requirements of trusts, estates, charities, pension funds and similar entities. It also supports the investment management needs of high net worth individuals and links to CCH Tax. Insolvency CCH Insolvency handles personal and corporate cases, both trading and non-trading, and is particularly suited to deployment in multi-office environments. Want to know more? For more information about CCH Insolvency or any of the other CCH products and services: Call us on Send an to cchsoftware@wolterskluwer.co.uk Visit CCHS0509