News Release
For Immediate Release
June 16, 2005
Contact:
Chris Schellhorn
Capital Confirmation Inc.
(615) 844-6222
Capital Confirmation Receives Honorable Mention Award for the 2005 Tax & Accounting Technology Innovation Awards
June 16, 2005 – Nashville, TN More than 75 software, hardware and service products were nominated for the 2005 Tax & Accounting Technology Innovation Awards and Capital Confirmation, creators of Confirm, a patent-pending process for on-line audit confirmations, was privileged to receive one of the ten Honorable Mention Awards at the June 6th award ceremony in Los Angeles, California. Also included in the Honorable Mention category were Intuit – for its Quickbooks: Premier Accountants’ Edition, Fujitsu and Thomson Creative Solutions.
“I am very pleased with the recognition our service has received with this award and Capital Confirmation is honored to be named along side of company’s like Thomson and Intuit,” said Christopher F. Schellhorn, Capital Confirmation’s CEO. “Our Confirm service fills a vital gap in the audit confirmation process for both public accounting firms and financial institutions, providing them with a fraud detection and efficiency tool that has been very well received in the market place.”
Sponsored by The CPA Technology Advisor, the awards recognize advancements to existing technologies as well as innovative developments in software, services, hardware and other applications marketed to the tax and accounting profession. Products focused on data security, productivity enhancement and client convenience were among the winners.
"Our profession faces many challenges in today’s marketplace," said Gregory L. LaFollette, CPA.CITP, Executive Editor of The CPA Technology Advisor. “Innovative technology can help us meet those challenges and maintain our high levels of trust and even improve our personal client relationships." The CPA Technology Advisor’s Tax and Accounting Innovation Awards recognize and celebrate the significant accomplishments of companies who provide that technology. "These products improve the daily lives of tax and accounting professionals. The technologies these companies provide consistently improves not only the client-accountant relationship but also the overall productivity and profitability of practicing accountants."
Recipients were selected by the editorial staff and the Editorial Advisory Board of The CPA Technology Advisor, which includes accounting and tax professionals from across the country who are engaged in public practice in firms ranging from sole practitioners to major, multi-office regional practices. To be eligible for consideration, nominated products must be either recently developed or have undergone significant enhancement within the last two years. Additionally, they must be commercially available and directly marketed to the accounting and tax profession.
About Capital Confirmation Inc.
Capital Confirmation Inc. services over 600 clients in 41 states 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 unrivalled performance, security, and reliability for the delivery of audit confirmations. Unique online and offline authentication and authorization features create an unparallel confirmation process that far surpasses all other processes. Capital Confirmation provides a Closed Network where each user is identified and specifically defined within the system. All actions are traceable to a unique authenticated user, as opposed to an open network where any and all unauthorized parties are free to request and respond to confirmations with little to no ability to track their activities. For more information, contact Chris Schellhorn at (615) 844-6222 or visit www.capitalconfirmation.com.
About The CPA Technology Advisor
Founded in 1991 as The CPA Software News, The CPA Technology Advisor is an independent information source for practicing public accountants and tax professionals, dedicated to providing them with the knowledge they need to make informed decisions regarding implementing various technologies in their practices. Through in-depth reviews and comparisons of technology products and services, topical features and detailed due-diligence charts, The CPA Technology Advisor helps practicing public accountants and tax professionals explore, purchase and implement new technologies efficiently and productively. The magazine’s audited circulation of approximately 50,000 tax and accounting professionals look to it for its editorial independence and integrity. Neither The CPA Technology Advisor nor its parent company, Cygnus Business Media, Inc., own or invest in the products or services reviewed or covered in the publication. It is this independence that has enabled The CPA Technology Advisor to become the most respected and widely distributed magazine focusing on technology available to practicing public accountants and tax professionals.