CPA2Biz, a national provider of Web-based solutions for CPAs, and Capital Confirmation, Inc., a supplier of online confirmation services, have formed a strategic alliance to deliver a secure online audit confirmation process to auditors and CPAs.
The agreement makes Capital Confirmation the latest Web-based service provider to join CPA2Biz's Trusted Business Advisor Solutions cloud computing platform.
"Capital Confirmation's solution Confirmation.com eliminates the time-consuming steps in the audit confirmation process, reduces processing time, and audit costs," said CPA2Biz CEO Erik Asgeirsson. "We always look for best-in-class companies to join our growing list of web-based partners, and Capital Confirmation is an excellent addition. Adding Confirmation.com to our Trusted Business Advisor Solutions platform further strengthens the breadth and scope of the services we offer CPAs."
Confirmation.com is a patented solution that helps re-define the 90-year-old paper-based audit confirmation process. This paperless solution reduces the confirmation turnaround time by 96 percent from four weeks to one business day, saving accounting firms approximately 50 percent in staff time.
"CPA2Biz has established itself as a leading provider of Web-based solutions for CPAs, and has formed strategic alliances with companies who are leaders in their sectors, and we are honored to join the list of innovative partners," said Christopher F. Schellhorn, chairman and CEO, Capital Confirmation, Inc. "As CPA2Biz continues to expand its web-based partners, it is becoming clear that the innovative technology is transforming the accounting profession."
"As accounting firms embrace technology to improve efficiency, it's important to have a thought leader like CPA2Biz to help firms navigate through this ever-changing business environment," said Brian Fox, founder and chief marketing officer, Capital Confirmation, Inc. "We are excited to be a part of the Trusted Business Advisor Solutions platform, which gives firms the tools, resources and guidance they need to grow and succeed."
The audit confirmation process has always been a challenge for accountants. By taking paper out of the process, a CPA improves efficiency, while simultaneously ensuring sensitive financial information is protected as it's delivered via a web-based platform. To maintain the highest standards in data security, Confirmation.com undergoes SAS 70 Type II and SysTrust evaluations every six months.
Capital Confirmation joins XCM Solutions, a provider of firm-wide workflow solutions, Bill.com; a provider of paperless bill management and online bill payments; Copanion, a provider of tax document automation software; Intacct, a provider of financial management and accounting applications; and Paychex, a provider of payroll and employee benefits services, as part of CPA2Biz's Trusted Business Advisor Solutions platform.
About Capital Confirmation, Inc.:
Winner of the 2009 Tax & Accounting Innovation Award, Capital Confirmation, Inc. provides secure electronic confirmation services for auditors, those responding to confirmation requests and their shared client. Capital Confirmation's patented Confirmation.com service minimizes fraud and brings efficiency to the audit confirmation process. Capital Confirmation's unique Authentication and Authorization process validates the authenticity and authorization of each user. Several hundred In-Network responding companies and over 7,000 accounting firms in 94 countries trust Capital Confirmation for their audit confirmation needs. www.confirmation.com
About CPA2Biz, Inc.:
CPA2Biz is a subsidiary of the American Institute of Certified Public Accountants (AICPA), and provides marketing and technology services to the AICPA for its wide array of products and services. CPA2Biz also develops and manages client-focused business solutions programs (e.g. payroll, bill management) that enable CPAs to build stronger relationships with their business clients or employers. For more information, visit www.cpa2biz.com.