Many CPA firms, private businesses and third parties experience challenges when trying to exchange and access proprietary financial information digitally due to large file size, network security, delays in transit and more. Designed to support these three distinct users, RIVIO offers an advanced digital platform where financial information can be exchanged in a more efficient way. It provides a sophisticated level of security to prevent fraud as well as controls the flow of data to protect all users.
While sharing key financial information between CPA firms and private businesses is an integral part of business operations, the basic methods for exchanging documents have inherent security risks and do not authenticate that information is from a validated source - a CPA firm. RIVIO verifies that a CPA firm is authorized to issue audit and review reports and is adhering to stringent professional requirements.
RIVIO provides a secure platform that puts firms in control of important documents and facilitates a more streamlined, efficient exchange of audit reports and financial statements. By protecting audit reports and other documents issued by a CPA firm from alteration, it serves as a barrier to fraud and potential risks or liability exposure that may result. Furthermore, it helps preserve a firm’s brand, reputation, and keeps third-party users anonymous to CPA firms and prevents the potential creation of an unintentional privity relationship.
Key features for firms:
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.
Third party users of financial and related information are increasing their focus on the sources of data they receive from private businesses, and many are beginning to require authenticated, source provided documents. RIVIO meets this need by confirming the original source of documents and ensures they are authentic and unaltered. It protects third parties from the use of fraudulent private company audit reports and financial statements, and brings increased levels of confidence on the information they receive through the platform.
The process for third parties to collect key documents can be a time consuming, manual process with little to no transparency regarding the status of requests. RIVIO provides a real-time means to request information and offers visibility into the status of those requests. Once information becomes available, users are notified and can access documents through the platform.
Key Features for Third Party Users
RIVIO is not seen to replace the way in which you conduct communication and document exchange with your clients. Our vision is that the clearinghouse will enhance your communications and improve your operations, while simultaneously providing you with the confidence that the files you request, were truly produced by your client’s CPA Firm.
Financial Statement Clearinghouse
The exchange of important documents between private businesses and their CPA firm, as well as between private businesses and lenders and investors can create some challenges. Many private companies rely on email, courier services, online portals and document sharing applications. These delivery methods can be inefficient and leave investors and lenders with little confidence in terms of data validity and reliability. There can be also be issues with accessing information involving file size and versions of documents.
RIVIO provides one secure place to store and share information. Through the platform, private businesses can request information, exchange documents with their CPA firm and deliver validated financials to third party users. Firms, private businesses, and the recipients of these documents no longer have to use email or other systems to track down the status of needed documents.
Key features for Private businesses
In today’s digital environment, we have many online access points with our financial stakeholders. Keeping track of everyone can be challenging, and lead to confusion and frustration. One of the many reasons RIVIO was created, was to provide a single repository for your financial information that allows you to control who can view those sensitive documents. RIVIO has one login, and stores all of your final financial documents, allowing you to choose who you would like to share them with.
Many organizations are using RIVIO to distribute documents to their board of directors and/or shareholders. These documents include: