We believe that Bstar’s materials, tools and programs will be unique to the Canadian market,” says Grant Bloxham, CEO of Bstar. “We are committed to helping Canadian accounting practitioners focus even more on providing value-added services.
Toronto, ON (PRWEB) May 02, 2011
CCH, Canada's premier provider of tax and accounting research and compliance tools, announced today that it has formed a strategic partnership with Bstar, an Australian, industry planning company specializing in assisting organizations reach their future potential through effective growth and succession planning. This partnership will allow CCH to deliver Bstar’s business advisory solutions including valuation, growth and succession planning solutions to its customers across the country.
The Bstar program is the perfect complement to CCH Profit Driver, a business analysis tool that CCH currently offers to the Canadian accounting industry. Bstar provides professional advisors with value-added materials, tools and programs to help them successfully grow their business in the small and medium enterprise market. Accountants use Bstar’s Web-based technology to conduct business valuation assessments, growth and succession plans, for both clients and prospects. With that, they can then use CCH Profit Driver to perform interactive consultations with their clients during which they analyze the business health and develop future goals using the flexible Projection, What-If scenarios, Goal Seeking and Benchmarking features.
Together, Bstar and CCH Profit Driver allow practitioners to have a complete picture of the longer term goals and financial status of their business clients. Practitioners are able to analyze financial trends, key ratios, debt covenants and industry metrics that are critical to maintaining their role as trusted advisors.
“The main thing we like about BStar is that it provides a process to the advisory service that helps us deepen our relationships with our clients,” says Harold Johnson, Managing Partner at MBS Financial Group, Mississauga. “They are very excited to be able to work with us in different areas that we were never able to provide.”
In a U.S. nationwide survey conducted by CCH, it was discovered that “Thirty-six percent of business clients are likely to change CPA firms in 2011.” In the survey, the primary reason cited was that “the accounting firm did not check with me on my changing needs.” This reinforces how important it is for practitioners to have financial analysis tools to protect and enhance their client relationships. View the complete survey here.
“CCH is constantly looking for solutions that solve practitioners’ most pressing needs,” says Sebastian Langlois, CCH Profit Driver Product Manager. “We expect to experience the same degree of enthusiasm for the Bstar solution that we have had for CCH Profit Driver because both products enhance and ensure our customers’ success in their business development initiatives.”
FOR MORE INFORMATION
For more information on CCH Profit Driver, visit http://www.cch.ca/profitdriver or call 1-800-268-4522.
CCH will be presenting both CCH Profit Driver and Bstar – and how they fit into an accounting firm’s advisory services – during a nationwide tour that will be taking place from May 25 to June 1, 2011. To find the location nearest you and to register, visit http://www.cch.ca/GrowYourFirm.
Based in Australia, Bstar began as a developer of Risk and Valuation Technologies for the banking industry over a decade ago and has grown to be a leading developer of value-added materials, tools and programs for professional advisors to grow their business in the SME markets. Their valuation tools are used by all major Australian banks and a growing number of Alliance partners throughout Australia and New Zealand. Bstar has developed a number of industry specializations, including farming, (beef, crop and dairy) pharmacies, law firms, and accounting firms, among others to help business owners find clear solutions on their future direction, growth, performance and succession plans.
About CCH Canadian Limited
CCH is Canada’s premier provider of authoritative compliance software, research and practice tools for accounting, legal and business professionals. CCH Canadian produces software and information products that help customers take command of complex regulatory issues in tax, accounting, law, financial planning and human resources. CCH (http://www.cch.ca) is a Wolters Kluwer business (http://www.wolterskluwer.com).
Wolters Kluwer is a market-leading global information services company. Wolters Kluwer is headquartered in Alphen aan den Rijn, the Netherlands. Its shares are quoted on Euronext Amsterdam (WKL) and are included in the AEX and Euronext 100 indices.