CCH’s cut-price accounting program to launch mid-December

Cloud accounting for $5 a month.

CCH’s cloud accounting program known as iBizz will be released mid-December, CEO Russell Evans revealed during a session at the ATSA conference in Darling Harbour, Sydney yesterday.

CCH acquired iBizz as part of the purchase of Acclipse, maker of cloud practice management software iFirm in March.

iBizz will be tightly integrated into iFirm, Evans said. Evans and former Acclipse CEO Mike Chisholm demonstrated how CCH had integrated its information services into iFirm. Users could look up documents in their own libraries or CCH’s subscription databases from within the practice management software.

Evans also said it was launching a cloud-based tax product in April or May for Australian users of iFim “in time for tax season”. iFirm already has a tax product for New Zealand users.

CCH would add cloud payroll, HR and self-managed superannuation funds products by developing the apps themselves or by acquisition within 12 to 18 months, Evans added.

CCH also planned to release a cloud version of capital gains product CGT Reporter, and iOS and Android apps for other products.

Little is known about iBizz other than it would be sold only through accountants and would cost $5 per month, far lower than competing products from Xero, MYOB and Saasu.

The Acclipse purchase followed a similar move by the European arm of Wolters Kluwer, CCH’s parent company, when it bought cloud accounting program Twinfield last year. CCH was moving into accounting software as part of a strategy to expand the services it offered to accountants, Emma Watson, regional director of strategy, innovation and technology for Wolters Kluwer Asia Pacific, told BoxFreeIT in an earlier interview.

About Sholto Macpherson

Sholto Macpherson is a business technology journalist, consultant and analyst specialising in cloud accounting software.

Sholto is the author of the Macpherson Report, which examines the key technology trends facing accountants in Australia.

He lives and works in Sydney, Australia.

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