CPA.com and Confirmation.com Clearinghouse Named as a Top New Product

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 “CPA.com and Confirmation.com’s mission for the platform is to eliminate outdated and unsecure methods of exchanging sensitive information such as e-mail,” the magazine’s editors wrote, “and Rivio provides the controls and collaboration to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.

Article source:

CPA.com

Feb 10, 2016

Press Releases

Leaders in Accounting Technology Showcase Innovation at AICPA/CPA.com Event

CPA.com CEO Talks about Shared Purpose in Supporting Greater Diversification of Services

NEW YORK (Jan. 22, 2016) – Accounting technology leaders gave a progress report on how innovation is transforming services throughout the profession and boosting business productivity for CPA firms at the 7^th Annual AICPA/CPA.com Executive Roundtable, an invitation-only event for technology executives, entrepreneurs and key influencers.

The roundtable, held Jan. 21-22 at AICPA headquarters, was established as a showcase for new technology and a forum for collaboration, networking and the free exchange of ideas between vendors and thought leaders. The agenda included rapid-fire product reviews from more than three dozen companies and professional updates from leaders in the profession, including American Institute of CPAs President and CEO Barry C. Melancon, CPA, CGMA, and CPA.com President and CEO Erik Asgeirsson. The roundtable also featured panel sessions from members of the media, as well as leaders of major and emerging firms.

“We have a shared purpose in promoting technology and change management,” Asgeirsson said. “This event has fostered an invaluable dialogue about the role innovation can play in advancing the profession, and it’s inspiring to see how much energy there is in this room and how much progress we’ve made since last year.”

Asgeirsson updated attendees on CPA.com’s activities, including Rivio, an online financial information clearinghouse developed in partnership with Confirmation.com that’s designed to speed lending decisions for private companies and minimize the risk of fraud for banks and investors. He also talked about other areas that client advisory services are expanding into, such as sales and local use tax compliance.

Attendees included executives from Bill.com, Biz2Credit, Confirmation.com, Expensify, Gusto, Intacct, Intuit, Paychex, Sage, Tallie, Thomson Reuters, Vertex SMB, Wolters Kluwer, Xero, XCM Solutions, and more.