News Release
For Immediate Release
October 17, 2007
THOMSON TAX & ACCOUNTING ANNOUNCES INTEGRATION BETWEEN ENGAGEMENT CS™ AND CAPITAL CONFIRMATION
THOMSON TAX & ACCOUNTING CAPITAL CONFIRMATION, INC.
Professional Software & Services (PS&S) 214 Centerview Drive Suite 265
7322 Newman Boulevard Brentwood, Tennessee 37027
Dexter, Michigan 48130
For Information Contact
Teresa Mackintosh Chris Schellhorn
Thomson Tax & Accounting, PS&S Capital Confirmation, Inc.
(734) 426.5860 (615) 844.6222
DEXTER, MI and BRENTWOOD, TN - Thomson Tax & Accounting, a part of The Thomson Corporation (NYSE: TOC; TSX: TOC), and Capital Confirmation, Inc. (CCI), a leader in online authentication and authorization services, are working together to provide users of Engagement CS with direct access to Capital Confirmation's CONFIRM™ technology. CONFIRM technology provides a fully automated confirmation process. Integration with CONFIRM allows Engagement CS users to perform secure online confirmations directly from the Engagement CS workspace.
"We are very excited to be working with Capital Confirmation to offer our Engagement CS customers direct access to CCI's industry-leading CONFIRM technology," stated Teresa Mackintosh, Vice President of Strategic Marketing at Thomson Tax & Accounting, Professional Software & Services. "The ability to automate the confirmation process will enhance efficiency and further streamline the engagement process."
CONFIRM technology provides an effective automated confirmation process that ensures privacy and security of confirmation communications and offers a sound infrastructure for authenticating all parties involved in the confirmation. Direct access to validated responders increases the reliability of the confirmation response and has been shown to significantly improve efficiency through shortened turnaround times. <
"The opportunity to allow seamless access to the CONFIRM service through the innovative Engagement CS product is a major step forward for the accounting profession. As confirmations continue to take a higher profile, the need for a secure and efficient solution is critical. Thomson Tax & Accounting and CCI have accomplished this,” said Chris Schellhorn, CEO at Capital Confirmation, Inc.
"There are several benefits associated with an automated confirmation process," said Brian Vroom, Vice President of Development at Thomson Tax & Accounting, Professional Software & Services. "The value to our users is realized through reduced risk of confirmation fraud and enhanced engagement efficiency. Additionally, with an ongoing effort to combat fraud, electronic confirmations may very well become a state requirement. If this happens, those who adopt the electronic confirmation process today will be ahead of the game in complying with state mandates."
Engagement CS is part of the CS Professional Suite, the broadest line of integrated tax and accounting software and services serving the tax and accounting profession.
About The Thomson Corporation and Thomson Tax & Accounting
The Thomson Corporation (www.thomson.com), with 2005 revenues of $8.4 billion, is a global leader in providing integrated information solutions to business and professional customers. Thomson provides value-added information, software tools and applications to more than 20 million users in the fields of law, tax, accounting, financial services, higher education, reference information, corporate e-learning and assessment, scientific research and healthcare. With operational headquarters in Stamford, Conn., Thomson has approximately 40,500 employees and provides services in approximately 130 countries. The Corporation’s common shares are listed on the New York and Toronto stock exchanges (NYSE: TOC; TSX: TOC).
Thomson Tax & Accounting, as part of Thomson, is a leading provider of technology and integrated information solutions to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms, and government. Thomson Tax & Accounting includes the Professional Software & Services, Corporate Software & Services, and Research & Guidance businesses. Creative Solutions and CS Professional Suite are brands within the Professional Software & Services business.
About Capital Confirmation, Inc.
Capital Confirmation Inc. services over 11,000 clients and is the leading electronic confirmation provider in the global accounting and banking industries. Based in Brentwood, Tennessee, Capital Confirmation’s CONFIRM™ technology is the world’s only online patent-pending confirmation architecture designed to deliver unrivaled performance, security, and reliability for the delivery of audit confirmations. Unique online and offline authentication and authorization features create an unparalleled confirmation process that far surpasses all others. For more information, contact Chris Schellhorn at (888) 716-3577 or visit www.capitalconfirmation.com.