AverQ, Inc. Announces Partnership with Capital Confirmation, Inc. to Provide Secure Electronic Audit Confirmations

AverQ's customers will experience a simpler confirmation process and improved response rates.

Cupertino, California (PRWEB) May 20, 2010

AverQ, Inc. is pleased to announce its partnership with Capital Confirmation, Inc., the creator and world’s leading provider of secure audit confirmation services, that will further enhance the efficiencies of paperless auditing. This partnership will allow AverQ’s customers to access Capital Confirmation’s solution Confirmation.com to perform secure online confirmations directly from the AverQ platform.

AverQ provides a comprehensive platform for professional service firms and their clients to unify various types of attest and advisory engagements along with seamless collaboration with their clients and other external reviewers. Secure, always accessible 24/7, and affordable, AverQ’s on demand service provides “all-in-one” technologies such as workflow management, document management, and other infrastructures required for the various types of engagements delivering a compelling total cost of ownership, saving on the complexities of managing multiple point solutions.

Confirmation.com is a secure online confirmation solution that makes it easy for auditors to manage a wide-range of confirmation requests including asset, liability, investments, accounts payable, accounts receivable and more. This paperless solution also offers numerous features to improve audit efficiency including the ability to roll forward data from year to year, a secure collaboration tool for sharing documents among the audit team, and a FutureDated™ function that allows confirmations to be placed in a queue to release on a future date. Using Confirmation.com, auditors will experience a simpler process, improved response rates and quicker confirmation responses.

“As more firms adopt paperless audits to improve their audit workflow, it’s great to have our electronic confirmation solution as part of AverQ’s platform,” said Brian Fox, founder and chief marketing officer of Capital Confirmation, Inc. “This partnership brings efficient auditing tools together in one place that allows firms to improve workflow processes and maximize efficiencies.”

Stephanie Woodruff, Chief Revenue Officer of AverQ, Inc., elaborated “Processing audit confirmations through Confirmation.com not only saves auditors tremendous time, but its In-Network offering helps reduce financial fraud by verifying the authenticity of all parties involved in the audit confirmation. We’re very pleased to offer Confirmation.com as part of our AverQ platform and look forward to delivering continued value to our customers.”

About AverQ, Inc
AverQ delivers a Unified Application for corporations and professional service firms for greater Financial & Operational Transparency. For corporations, the application streamlines the Close & Reconciliation, Compliance, Internal Audit, External Audit, and Financial Reporting process. The cloud-native platform fits the transparency needs of all enterprises (private, public, non-profit and government), unifying both their internal teams and external service providers. For professional service firms, AverQ provides an all-in-one solution to collaborate and efficiently execute various attest and advisory engagements. http://www.averq.com

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.
http://www.confirmation.com

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