RIVIO enables CPA firms to improve their level of compliance to financial statement withdrawal, AUP’s restricted distribution, as well as enhance firms privity defense and more. Utilizing the RIVIO platform to exchange information provides the confidence they are complying with the profession's standards to the best of their ability. Additionally, it provides the ability to truly transform private company audits, such as EDGAR is for publicly traded organizations. Profession experts, such as CPA Practice Advisor believe RIVIO will truly transform the accounting profession.
Designed to mitigate risk, the platform authenticates you, the CPA firm, as the source of the uploaded financial documents. In parallel, RIVIO lets your clients set permissions on who can access their documents, keeping them in control of who can access their documents, and maintaining your privity defense.
EFFICIENT DIGITAL EXCHANGE
RIVIO allows, you the CPA Firm, to streamline your financial document exchange workflow with your clients and their lenders/investors. Through the platform, clients can forward you requests for documents, they have received so all parties can track, open, and complete tasks in the system. No longer do you, your clients, or the recipients of these documents have to use email or other third party systems, to track down status and location of needed documents.
We are aware that your firm is already offering your clients access to a portal, where you deliver their completed documents to them. Unlike our current portals, RIVIO provides your clients a single login to communicate with all financial stakeholders.
THERE ARE MANY ADDITIONAL USE CASES/APPLICATIONS OF RIVIO, WHICH INCLUDE:
Issues: There are a variety of difficulties organizations involved with the distribution of SOC reports. These issues include but are not limited to:
HOW RIVIO SOLVES THE ISSUES
An efficient and accurate way to distribute and track SOC reports
An efficient way to delivery to multiple recipients
Responding to high volume of requests
Identify requestors as appropriate recipients
An efficient way to request SOC reports from multiple providers
A centralized location to store SOC reports from service providers
Control Document Distribution and Tracking
Visibility of Request Status
Document Request scheduling
Secure Document Repository
Clients are in control of requesting and distributing documents to 3rd party users
Customized distribution lists
Enhanced tracking capabilities
Ability to send a project to multiple individuals
Automatic request deployment
A centralized location for all SOC reports
* All firms with more than 20 CPAs