Brentwood, Tenn., and Melbourne, AU, Dec. 16, 2011 (GLOBE NEWSWIRE) -- Confirmation.com, the creator and world’s leading provider of secure audit confirmation services, announced today that it has signed an authorized distributor agreement with Task Technology, a leading provider of auditing and financial reporting software to the professional accounting and corporate market in Australia, New Zealand and Papua New Guinea. Under this agreement, Task Technology is now an exclusive authorized distributor of the Confirmation.com solution throughout Australia, New Zealand and Papua New Guinea.
The traditional paper and mail process for confirming asset and debt account balances during a financial audit is completely manual, inefficient and prone to errors. Confirmation.com streamlines this process allowing banks that receive audit confirmation requests to provide quicker responses to their clients’ auditors. As a provider of audit software solutions and an authorized distributor for CaseWare International in Australia, New Zealand and Papua New Guinea, Task Technology will sell and support the Confirmation.com solution to bank responders and auditors throughout the region.
"Until now, auditors throughout the world could only use Confirmation.com to send confirmation requests to U.S.-based banks," said Brian Fox, founder and chief marketing officer with Confirmation.com. "And banks in this region had to respond to paper confirmation requests because that was their only option. With our online solution, banks in Australia, New Zealand and Papua New Guinea will now be able to automate these requests which improve productivity and reduce costs."
In response to a growing demand by auditors to add more bank responders outside of the U.S., this partnership with Task Technology will enable Confirmation.com to grow the number of bank responders in Australia and its surrounding countries. Confirmation.com has also recently added new bank responders in Canada, Europe, the Middle East and Africa.
"Working with our accounting clients and the Institute of Chartered Accountants in Australia, I know firsthand how tedious the audit confirmation process can be," said Craig Waldon, general manager with Task Technology. "By partnering with Confirmation.com, we will be able to provide banks in Australia, New Zealand and Papua New Guinea a better way to respond to audit confirmation requests and by doing so provide greater efficiency to auditors throughout the region."
About Confirmation.com
Confirmation.com is the creator and world’s leading provider of secure electronic audit confirmation services. It processes over $1 trillion in confirmation information annually for a majority of public companies, as well as private companies, non-profits and government agencies. In addition to its bank confirmation solution, the company provides solutions for more than 30 different types of audit confirmations including accounts receivable confirmations. Confirmation.com is the Preferred Provider of Electronic Confirmations for the AICPA Trusted Business Advisor™ Solutions Program and is endorsed by the American Bankers Association. Confirmation.com has also received numerous awards including being a multi-year alumnus on the Inc. 500 list for 2010 and 2011. Several hundred In-Network responding companies including all of the Top 10 banks in the U.S. and over 8,000 accounting firms in more than 100 countries trust Confirmation.com for their audit confirmation needs. For more information, visit Confirmation.com.
About Task Technology
Task Technology Pty Ltd has been the authorised distributor for CaseWare International in Australia, New Zealand and Papua New Guinea since 1996. For the last fifteen years, Task technology has supported a large number of accounting firms with auditing and reporting solutions and provided statutory reporting solutions for many corporations. Task Technology is committed to providing annual updates of our products to reflect the current international and Australian audit and accounting requirements to our customer base, supported by relevant training options, our FAQ site and dedicated support personnel.
Task Technology also distributes Asset Accountant (Lunic Software’s asset registration product) and Colligo Workgroup Edition (software that creates a secure network between workers equipped with wireless capable laptops to allow printers, folders and other resources to be shared). For more information, visit www.task.com.au.