FOR IMMEDIATE RELEASE
CCH Enteract Selects Crystal Ball to Capture Power of Monte CarloDenver, CO, June 25, 2002 – Decisioneering, Inc., developer of the award-winning Crystal Ball(R) 2000 line of decision-analysis software, has announced a partnership with CCH INCORPORATED (CCH), a leading provider of financial and estate planning information and software. CCH has integrated Decisioneering’s powerful Open Crystal Ball (OCB) Monte Carlo simulation capabilities into the latest release of its CCH Enteract [TM] financial-planning software. CCH Enteract is an integrated planning system designed to let financial planners immediately and interactively see how changes in client data affect planning scenarios. Prior to integrating OCB, CCH Enteract used average returns to communicate portfolio performance. OCB gives CCH Enteract the power to clearly demonstrate the percentage chance a client will have of meeting a particular goal while also communicating the probability of falling short. “CCH Enteract now enables planners to apply Monte Carlo simulation to questions concerning life insurance, long term care and college funding planning, not just to retirement planning,” says Gail Fink, marketing manager of financial and estate planning for CCH’s federal and state tax group. “What’s more, the customization options make it possible for a planner to tweak client data and immediately see the effect of the change on an entire plan, allowing what-if scenarios to be presented interactively.” A traditional problem with embedding software in existing applications is the complexity of integration. OCB was designed with a simple programmer’s interface to accommodate rapid development and deployment. “Our developers were able to embed OCB and have Monte Carlo simulations running within a matter of weeks,” says David Stitt, Manager of Financial and Estate Planning Software for CCH. “Because of the ease of integration, our team was able to focus on solidifying the business logic and enhancing the visualization of the results. The result is a clean simulation interface that will improve how financial planners quantify the risks in their clients’ investment plans.” Monte Carlo simulation is an increasingly popular feature in many financial software packages. “We have seen a huge surge in Monte Carlo applications which is good news for our Open Crystal Ball product,” says Charles Von Thun, CEO of Decisioneering. “OCB is designed to be embedded in larger applications. It is great to see that CCH understands the power of Monte Carlo and has the foresight and ability to improve their software to account for uncertainty and risk.” Founded in 1986, Denver-based Decisioneering, Inc. provides software, training, and consulting that simplify risk analysis and improve decision-making, including the industry-leading risk analysis package, Crystal Ball 2000. For further information about the company, call 800-289-2550 or visit Decisioneering’s Web site, http://www.crystalball.com. CCH INCORPORATED, headquartered in Riverwoods, Ill., was founded in 1913 and has served four generations of business professionals and their clients. The company produces more than 700 electronic and print products for the tax, legal, securities, insurance, human resources, health care and small business markets. CCH is a wholly owned subsidiary of Wolters Kluwer North America. The CCH tax and accounting destination site can be accessed at http://www.tax.cchgroup.com. # # # Contact: Jennifer Mogck Marketing Communications Manager Decisioneering, Inc. 800-289-2550 jmogck@decisioneering.com Leslie Bonacum CCH Inc. 847-267-7153 mediahelp@cch.com |