Online Services Take Center Stage at Innovation Awards

LOS ANGELES – June 1, 2009 – The growth in Web 2.0 and Software-as-a-Service
(SaaS) offerings geared toward public accountants, tax professionals and their
clients was on display at the 2009 Tax & Accounting Technology Innovation
Awards. The awards were announced and presented Monday at the California
Accounting and Business Show & Conference in Los Angeles. The conference
was held at the LAX Hilton. The Awards were also announced live via Twitter (www.Twitter.com/cpatechadvisor).

The Innovation Awards are recognized as a pinnacle of achievement for developers
of software, hardware, services and other technologies. Now in their sixth year,
they serve to honor new and enhanced technologies that benefit accounting and
tax professionals. They are presented by The CPA Technology Advisor,
the leading independent multimedia technology resource for the profession. Five
technologies receive the award annually.

This year’s winners are Bill.com for its self-branded online payables
management system; Capital Confirmation, Inc. for the CONFIRM service, which
offers secure, electronic fund confirmations; CCH, a Wolters Kluwer business,
for the IntelliConnect online research platform; Copanion, Inc. for its GruntWorx
Pro automated tax workflow solution; and SmartVault Corporation for SmartVault,
a paperless document management add-on for QuickBooks.

The Innovation Awards were presented Monday evening at a special event hosted
by The CPA Technology Advisor’s Executive Editor, M. Darren Root,
CPA.CITP, a practicing accountant who holds the accounting profession’s
Certified Information Technology Professional (CITP) credential. Root is also
the managing partner of the Bloomington, Indiana, accounting firm of Root &
Associates, and CEO of technology consultancy RootWorks, LLC.

2009 Innovation Award Winners
Product/Service	Technology Vendor
Bill.com	Bill.com
Capital Confirmation CONFIRM	Capital Confirmation, Inc.
IntelliConnect	CCH, a Wolters Kluwer business
GruntWorx Pro	Copanion, Inc.
SmartVault	SmartVault Corporation

“This is the first year that online technologies have won all five Innovation
Awards, a noteworthy feat that clearly demonstrates the continued growth and
acceptance of SaaS applications and other web-based systems by tax and accounting
professionals,” Root said. “This year’s winners also span
the spectrum of professional services, from small business document management
and payables solutions, to professional tax and accounting research, tax process
automation and electronic confirmations. This shows the strength of the technology
market for tax and accounting firms, and that there are abundant choices for
these professionals.”

Winners of the Tax and Accounting Technology Innovation Awards are selected
by The CPA Technology Advisor’s Awards Committee, which includes
its editorial staff, contributing expert writers, editorial staff, thought leaders
in the profession and its editorial advisory board. The advisory board is comprised
of accounting and tax professionals from across the country at public firms
of all sizes, 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. A total of five
awards are presented each year on an “at large” basis, with no categories
or rankings. Honorable Mentions are also presented to products not receiving
an award but which possess significant innovative potential.

For the 2009 Tax & Accounting Technology Innovation Awards, Honorable
Mentions were presented to Alocet Incorporated for Method Integration, XCM Solutions,
LLC for XCM Version 6.0 Workflow Management Software, LeapFILE for LeapFILE
Secure File Delivery and Storage, and to ShareFile for ShareFile for Accountants.

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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 regular
columns from respected thought leaders in the profession, webcasts, podcasts
and other digital and print media services, 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 40,000 tax and accounting professionals
look to it for its editorial independence and integrity. For more information
about The CPA Technology Advisor, visit www.CPATechAdvisor.com

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