Confirmation.com Awarded Canadian Patent for its Online Audit Confirmation System
March 20, 2017 --
BRENTWOOD, Tenn., March 20, 2017 /PRNewswire/ -- Confirmation.com, the world's leading provider of secure audit confirmation services, announced today that it has been awarded a Canadian patent for its online audit confirmation technology by the Canadian Intellectual Property Office. This patent covers the technology, systems, and methods developed to automate audit confirmation requests over the Internet, which are the central components of the Confirmation.com service.
Confirmation.com's patented technology helps auditors and third-party responders such as banks, companies, and law firms easily manage all audit confirmation requests from a single platform. Using innovation, Confirmation.com delivers a better experience, provides quicker responses, and saves time managing confirmation requests.
"Confirmation.com automates a process that's been very manual for over 100 years," said Brian Fox, founder and president of Confirmation.com. "Our service typically saves an accounting firm's audit staff about 50 percent of their time spent processing confirmations. This makes accounting firms and third-party responders more efficient and protects them against fraud."
"This patent clearly supports the momentum we're seeing that's replacing manual processes with an online tool like Confirmation.com," said Chris Schellhorn, CEO of Confirmation.com. "As the demand for online audit confirmations expands, Confirmation.com continues to roll out new functionality to address the emerging needs in the regions we serve around the world."
In addition to this Canadian patent, Confirmation.com has received six U.S. patents for its technology. These patents enhance the company's intellectual property for secure online audit confirmations. Additionally, the company has other patents pending.
Confirmation.com is the world's leading provider of secure online audit confirmations. Today, 14,000 audit firms confirm over $1 trillion annually with over 3,500 banks for 700,000 clients worldwide. Confirmation.com is used in over 160 countries by banks, companies, and law firms to respond to audit confirmation requests. For more information, visit Confirmation.com.
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