Capital Confirmation Announces a New, Free Confirmation Service for Confirmation.com
Monday, September 14, 2009
Capital Confirmation, Inc., the leading provider of secure audit confirmation services, announced today a new Out-of-Network offering for its Confirmation.com service. This new offering allows auditors to send electronic Accounts Receivable (AR), Accounts Payable (AP) and standard Bank confirmation requests to any responder worldwide.
“As more auditors rely on Confirmation.com to manage their audit confirmation requests, the overwhelming client feedback has been to add more banks and more confirmation types,” said Brian Fox, chief marketing officer of Capital Confirmation. “Our new Out-of-Network offering delivers both and it’s free to our customers.”
Now an auditor can send confirmation requests to 100 percent of banks and send AR and AP confirmations to any responder they choose. This expanded functionality also gives the added protection of sending confirmations through a highly secure platform that is SAS 70 Type II and SysTrust certified every six months.
When using Confirmation.com, the In-Network offering is utilized when an auditor sends a confirmation request to a validated responder who is authenticated and authorized to respond to electronic confirmations. If the responding entity isn’t listed as an In-Network responder, the auditor can send their request to the intended responding entity using the Out-of-Network offering.
While the Out-of-Network offering gives auditors complete flexibility on where to send confirmation requests, as with mailed confirmations, the auditor is responsible for making sure the confirmation is directed to the proper source, and that the respondent is authorized to respond. To learn more, visit our website at www.capitalconfirmation.com/solutions.
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 6,000 accounting firms in 52 countries trust Capital Confirmation for their audit confirmation needs.