Rivio Clearinghouse to Transform Private Company Financial Information Exchange
NEW YORK (Feb. 8, 2016) – Rivio, the online financial document clearinghouse developed by CPA.com and Confirmation.com, has been named a 2016 Top New Product by Accounting Today, a leading trade publication for the accounting profession.
Rivio was selected as a winner in the “data transfer” category. “CPA.com and Confirmation.com’s mission for the platform is to eliminate outdated and unsecure methods of exchanging sensitive information such as e-mail,” the magazine’s editors wrote, “and Rivio provides the controls and collaboration to modernize the process.”
“This kind of recognition speaks to the value proposition of Rivio,” said Erik Asgeirsson, president and CEO of CPA.com. “Lenders and investors have a strong interest in obtaining the most relevant, authenticated financial information about private companies, but that mechanism didn’t really exist until now. The clearinghouse solves that market problem.”
Rivio is currently in pilot phase, with a full commercial launch scheduled later this year.
“Rivio ensures that banks, shareholders and other authorized parties can get access to CPA-reviewed financial data without fear that the information has been altered in any way,” said Brian Fox, CPA, president and founder of Confirmation.com. “It’s an important, effective tool to minimize risk and fraud.”
To learn more about the clearinghouse, visit Rivio.com.
About CPA.com
CPA.com empowers CPAs and businesses for the digital age. The company offers a growing list of digital products and services that help firms succeed in practice management, client advisory services and professional development.
CPA.com is a subsidiary of the American Institute of CPAs, the world's largest member organization representing the accounting profession, and operates such leading websites as the AICPA Store, AICPA.org and IFRS.com.
The company has its headquarters in New York City and offices in Silicon Valley, Calif., Dexter, Mich., and Durham, N.C. For more information, visit CPA.com.
About Confirmation.com
Confirmation.com is the world’s leading provider of secure online audit confirmations. Today, 13,000 audit firms confirm over $1 trillion annually with over 3,000 banks for 700,000 clients worldwide. Confirmation.com is used in over 125 countries by banks, companies and law firms to respond to audit confirmation requests. For more information, visit Confirmation.com.
