Confirmation.com
Confirmation.com gives auditors access to thousands of validated In-Network bank and company responders. This solution can be used for more than 50 different confirmation types including asset, liability, investment, line-of-credit, AR, AP, and many more.
Feb. 17, 2010
Confirmation.com gives auditors access to thousands of validated In-Network bank and company responders. This solution can be used for more than 50 different confirmation types including asset, liability, investment, line-of-credit, AR, AP, and many more.
Confirmation.com offers an Employee Benefit Plan participant confirmation service! Simply upload participant and balance data, and we can handle the paper fulfillment including materials, printing, postage and shipping. Participants can easily respond online in a few simple steps or mail in their response.
Confirmation.com also offers numerous features to improve audit efficiency including the ability to roll forward data from year to year, a secure collaboration tool for sharing documents among the audit team, and a Future-Dated function that allows confirmations to be placed in a queue to release on a future date.
AR Confirmations
Send AR Confirmations to Validated In-Network Companies
Auditors can send electronic Invoice and Balance confirmations to thousands of validated In-Network company responders who are authenticated and authorized to respond to electronic confirmations. These companies represent a majority of Fortune 1,000 companies including CBS, Delta Air Lines, HCA, Lowe’s, Marriott, Microsoft, Sherwin Williams, Sprint, Williams-Sonoma, and many more.
Send AR/AP Confirmations to Any Company in the World
For confirmations going to companies outside the network, auditors can use the Out-of-Network service to send the confirmations electronically, or may choose to mail the confirmations utilizing the Paper Fulfillment Service (see below). Just like electronic confirmations, paper confirmations now utilize the digital client signature feature so that auditors don’t have to hand deliver or mail paper confirmations to the client for signature.
Batch Upload
Easily upload hundreds of company addresses and invoice data from a spreadsheet. Confirmation.com automatically identifies which company is a validated responder within the system and allows the auditor to send confirmation requests electronically to that validated responding entity. For non-validated companies, the auditor can choose to send those requests using the new Paper Fulfillment Service (see below) or the out-of-network electronic offering.
Paper Fulfillment Service
Confirmation.com handles the materials, printing, postage, and shipping, and also provides an Address Verification report on the auditor-supplied mailing address to help auditors identify fraud. Paper requests are shipped and tracked through First Class mail throughout the United States and Internationally! As with electronic confirmations, a copy of the mailed confirmation request is automatically logged in the auditor’s Control Log where auditors have multiple capabilities like the ability to send second requests, recall paper confirmations and queue paper confirmations with a future date.
To learn more visit Confirmation.com or contact Clark Hudgins at clark.hudgins@confirmation.com.