CPA.com and Confirmation.com are bringing private company financial information exchange into the 21st century with their new financial clearinghouse solution, Rivio. The platform validates CPA Firms, and ensures that the most current, unaltered version of financial documents are delivered to key financial stakeholders (CPA Firms, Lenders/Investors, and Private Businesses).
For years in the United States, only public companies had access to a dedicated financial statement clearinghouse that supported authenticated document exchange among key stakeholders, such as lenders and investors. Private companies relied on more basic alternatives, such as email, courier services, online portals and document sharing applications to distribute their financial documents.
These approaches were functional and practical, but incited little confidence among stakeholders in terms of data validity and reliability. In today's operating environment, this is no longer a viable approach.
Rivio, a service of CPA.com an AICPA company, and Confirmation.com, establishes the intelligent flow between businesses and their financial teams. It's a virtual river of intelligent information flow.
Delivery through Rivio eliminates fraudulent use of the firm signature and unauthorized alterations of firm generated financial reports.
CPA.com securely helps private businesses with collecting and distributing financial information from a single platform, Rivio.
Rivio, a service of CPA.com, validates the CPA firm as the source and mitigates the risk of fraudulent loans/investments