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Honoring Innovation: 2009

Award Winners Shine on Web-Enabled Solutions

A wise philosopher who once said “change is good” was obviously
ahead of his time. How could he have known the impact technology would have
on improving efficiency, especially within the tax and accounting profession?

Handed out during the California Accounting and Business Show & Conference
on June 1 in Los Angeles, the 2009 Tax & Accounting Technology Innovation
honored a wide array of vendors offering products that went
way beyond tried-and-true solutions. In fact, this year’s awards may feature
the most diverse set of vendors in the six-year history of the awards.

“The CPA Technology Advisor’s annual Tax & Accounting Technology
Innovation Awards are the pinnacle of achievement for technology vendors serving
the profession,” says M. Darren Root, CPA.CITP, executive editor. “This
year’s winners and honorable mentions rose to the top of the nominations
because they do more than just provide workable solutions. Through ingenuity
and fresh approaches to providing solutions, they are front and center in helping
accountants energize their deliverables through product, service and training.”

This year’s winners included; Capital Confirmation, Inc. –
CONFIRM service; Copanion, Inc. – GruntWorx Pro; CCH, a Wolters Kluwer
business – IntelliConnect; and SmartVault Corporation – SmartVault.
Honorable mentions went to LeapFILE – LeapFILE Secure File Delivery and
Storage; Alocet Incorporated – Method Integration; ShareFile – ShareFile
for Accountants; and XCM Solutions, LLC – XCM Version 6.0 Workflow Management

The Innovation Awards honor the developers of technologies who create solutions
for tax and accounting professionals, and are selected by the Awards Committee
of The CPA Technology Advisor based on their innovation and the potential benefit
the products or services are likely to deliver to the profession. The Awards
Committee includes the magazine’s editorial staff, thoughtleaders in the
profession and the publication’s Editorial Advisory Board, which includes
accounting and tax professionals working in public practice, from sole practitioners
to major, multi-office regional practices.

Nominated products or services must be less than two years old or have undergone
a significant revision or addition during the past two years. Only five awards
are presented each year without categories or rankings. — ( is a paperless, collaborative bill management and payment service designed
to digitize and file all client financial documents, allow collaboration with
clients via a web-based interface that supports various accounting services,
and manage client cash flow and payment timing more effectively.

“ is the only bill management solution that weaves accounts
payables, document management, collaboration and payments together in a simple,
affordable service,” says René Lacerte, CEO and founder. “We
have a proprietary two-way synch with QuickBooks, QuickBooks Online and Intacct
that complements the GL software and allows accountants to offer sophisticated
services while giving clients a simple user interface.”

Using, Lacerte says accountants and their clients can now pay bills
quickly and easily, while performing other tasks such as tax preparation and
write-up more efficiently, all through improved collaboration, better record
keeping and better controls.
“Ultimately, we want to see bill presentment and payment for small and
mid-size businesses go 100 percent paperless,” he says.

“To that end, we are working on developing a shared network of large
and small vendors so that our customers will be able pay anyone electronically
and improve communication between vendors and customers. Our ePayment capability
was recently released, and very soon any business will be able to register on
our payment network so they can more easily accept payment directly into a bank
account, avoiding trips to the bank to deposit checks or paying credit card
merchant fees.” is SAS-70 Type II Certified and is offered to the accounting profession
in partnership with CPA2Biz, a subsidiary of the AICPA. offers discounted
pricing for accountant clients, centralized client billing, custom client-facing
branding, and an accountant dash-board that provides a consolidated view of
all clients’ activities.


Capital Confirmation, Inc. — CONFIRM service (
Capital Confirmation, Inc.’s CONFIRM service improves audit efficiency
and reduces the risk of confirmation fraud by increasing a firm’s realization
rate. The average turnaround time for an electronic confirmation is less than
two days when using any of the 150+ In-Network financial institutions.

“The service saves the auditor time by reducing the
turnaround time on confirmations by 95 percent with a guaranteed 100 percent
response rate,” says Brian Fox, CPA, founder and chief marketing officer
of Capital Confirmation, Inc. “We guarantee the auditor is communicating
with an authenticated bank and that an authorized person responded to the confirmation
request. This reduces a firm’s exposure to missing a fraud involving confirmations,
like what happened with the confirmation frauds at Parmalat, Satyam, Kmart,
Ahold and others.”

This summer, Capital Confirmation will launch an Out-of-Network confirmation
service that allows an auditor to send confirmations to 100 percent of the responders
with a guaranteed 100 percent response rate.

“Best of all, we are providing this new service free to our customers,”
says Fox. “Where our current In-Network service provides the auditor assurance
as to the authentication and authorization of the responder to the electronic
confirmation, the Out-of-Network service leverages the current SAS 70 Type II
and SysTrust platform for security and data integrity while the authentication
and authorization of the responder remains the responsibility of the auditor.”

In addition to its bank, AR and AP electronic confirmation modules, the company
will launch an Investment confirmation module with more confirmation types rolled
out over the rest of 2009 into 2010.


CCH, a Wolters Kluwer business — IntelliConnect (
Designed to sit at the center of a professional’s work day, IntelliConnect
allows professionals to conduct research when and how they want and delivers
workflow benefits that extend beyond outstanding research results to new efficiency
and productivity gains.
“IntelliConnect is distinguished from the competition for many reasons,
but first and foremost, it’s intuitive to learn and easy to use,”
says Mike Sabbatis, president.

“IntelliConnect changes the game for professional research. Built from
the ground up based on thousands of hours of customer interviews, IntelliConnect
simplifies the search process and offers the same ease of use as some of today’s
most popular consumer Web search engines — the difference is, you’re
searching on CCH’s premiere, authoritative content.”

Sabbatis says CCH has been investing at record levels, driving even greater
innovation in its research and software platforms, all based on what customers
want and their need to increase productivity by connecting processes and connecting
“IntelliConnect is just the first example of this in 2009,” he says.
“We have many more, equally exciting things to come this year as we prepare
to launch our next generation ProSystem fx Suite. Beginning in Q3 and through
Q4 this year alone, you are going to see a series of exciting new products and
innovative enhancements to existing solutions.”


Copanion, Inc. — GruntWorx (
GruntWorx Pro helps firms save time and money by automatically sorting, organizing
and entering client tax data from scanned client documents without requiring
a tax professional to be involved. Through patent-pending biometrics, this program
identifies and extracts information from thousands of tax documents —
more documents than any other application on the market, according to CEO Steven

“Copanion successfully completed a SAS-70 Type II audit; the audit included
a full review of our operations, systems, technology, facilities and personnel
management in order to thoroughly evaluate the company’s handling of client
data,” says Ladd. “GruntWorx Pro is hosted in a SAS-70 Type II data
center in the United States and features VeriSign EV SSL encryption and McAfee
Secure continuous security testing.”

Ladd says GruntWorx Pro extracts data from the most challenging scanned source
documents, including consolidated 1099s and multi-page brokerage statements
and all 1099-B form data within an Excel file for easy calculation of short-
and long-term capital gains and losses. For the 2008 tax season, GruntWorx Pro
supported Thomson Reuters GoSystem Tax ES.

“We’re focused on expanding integration capabilities beyond GoSystem
Tax ES,” says Ladd. “As such, the core innovation for the future
is full integration with all major tax applications.”


SmartVault Corporation – SmartVault (
Designed to help QuickBooks users go paperless, the SmartVault toolbar interface
scans and attaches documents directly to QuickBooks. Because it is a Web-enabled
Software-as-a-Service (SaaS) solution, there is no hardware to install, no configuration
of server software and updates, and any new features are automatically provisioned.
New in 2008 was the introduction of the SmartVault Inbox.

“The SmartVault Inbox allows users to streamline their document processing
workflow, placing scanned documents into an electronic holding bin,” says
Eric Pulaski, chief executive officer. “If you do not use QuickBooks,
but receive invoices, bills and other documents that need processing, the SmartVault
Inbox gives you the ability to scan and upload those documents to be processed
either by another person or at another location altogether.”

Pulaski says features, including OCR capability for enhanced search, customizing
the document portal and adding custom folders to provide a mechanism for storage
outside of QuickBooks, are being vetted with his customer council and will likely
be in production in 2009.

“An advantage of SmartVault’s SaaS model compared to a traditional
desktop license model is a very iterative development cycle,” he says.
“Currently, SmartVault provides support for QuickBooks users, with plans
to build on the strategy of ‘document management enabling’ other
applications used by the SMB market, including Peachtree, Microsoft Outlook

For more information on any of the Innovation winners, including honorable
mentions, visit each of the vendor’s websites.


2009 Honorable Mentions:
In addition the award recipients, The CPA Technology Advisor extends
additional recognition to products that also offer considerable potential for
helping professional accountants. This year’s Honorable Mentions are:


Copanion – Gruntworx
XCM Solutions – Workflow & Information Automation Software
CCH, a Wolters Kluwer business – ProSystem fx Document Email
Thomson Reuters – Engagement CS
Thomson Reuters – PPC SMART e-Practice Aids – Risk Management

SurePrep, LLC – 1040SCAN
Intuit, Inc. – SmartMap
Microsoft – Microsoft Office Accounting Express
Thomson Reuters – Practice CS
BankServ – DepositNow A/R

CCH Tax and Accounting – ProSystem fx Scan
Intuit, Inc. –
Microsoft – Microsoft Office Small Business Accounting 2006
PayCycle, Inc. – 2006 Wholesale Program for Accounting Professionals
Colligo Networks – Colligo Workgroup Edition 4.0

Maxtor – OneTouch II
DoubleSight Displays – Dual Screen Monitors
CCH Tax and Accounting – CCH@Hand
TaxWise – CashWise Card
Thomson Creative Solutions – UltraTax CS 1040 Portals

AccountantsWorld – Payroll Relief AC
CCH Tax and Accounting – ProSystem fx Engagement
Creative Solutions – NetClient Portals
Mirra, Inc. – Mirra Personal Server
Sageworks, Inc. – ProfitCents



See inside July 2009 issue

Cloud Computing & Accountants

Exclusive Online Column: The Bleeding Edge


IN-Firm Impact of the 2009 AICPA Top Technology Initiatives

Column: Technology IN Practice