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 unaltered 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.
Though these approaches were functional and practical, they incited little confidence among stakeholders in terms of data validity and reliability. Additionally, due to the proliferation of the cloud, and the rate at which the audit profession is changing, this is no longer a viable approach. The market has been missing a solution which provides the source of origin for financial statements. With RIVIO, those needs have been met.
Be part of the effort to end the era of financial information fraud, and move towards a more reliable, and trusted source for all invested parties. RIVIO is a virtual river of intelligent information flow with users sharing more than just financial statements through this secure document repository. LEARN MORE about our use cases.
Delivery through the financial clearinghouse eliminates the ability for fraudulent use of the firm signature and unauthorized alterations of firm generated financial reports.
Private businesses can now securely collect and distribute financial information from a single source, RIVIO.
RIVIO reduces the risk of fraudulent documents in the loan approval process by validating the source of files.