New Software Program Integrates Electronic Workpaper and Trial Balance Software on Microsoft Platforms
This week, ePace! Software announced the release of its new software package called ePace! Engagement, the accounting industry's first integrated software package to combine both engagement management and trial balance capabilities into one solution.
The new product also is the first software of its kind to be built completely on Microsoft Word and Excel. ePace! Engagement is the future of engagement software and represents a dramatic shift in the way accountants perform tax and audit engagements, providing unparalleled organization and real-time accessibility that result in time and money savings for accounting firms of all sizes, according to David Wyle, president and CEO of ePace! Software.
"In a highly competitive marketplace many accounting firms have seen their realization rates decrease and are looking for ways to reduce expenditures and maximize productivity," Wyle said. "Having a solution that makes client binders instantly accessible and leverages widely adopted applications such as Microsoft Word and Excel will have a definite impact on productivity and profitability."
ePace! Engagement is organized in a way that is familiar to accountants. It mirrors the physical workflow of their firm. Binders are organized in a file room by client, engagement and year with indexed workpapers, financial statements, audit programs, tax checklists and trial balance all in one place. Because all the workpapers and financial statements are linked to the trial balance, when a change is made, the contents are updated throughout the electronic binder, eliminating the painstaking manual changes of the past.
As the only integrated electronic workpaper and trial balance system built from the ground up on the Microsoft Word and Excel applications, ePace! Engagement enables accountants to work more efficiently with application specific right-click mouse operations and drop-down menus inside of Word and Excel. "Because Microsoft Word and Excel are well-known by so many accountants, the learning curve is greatly reduced with our product," Wyle said.