RIVIO Clearinghouse

 

TRANSFORMING FINANCIAL INFORMATION EXCHANGE

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 enables CPA firms to truly protect their firm signature, and enhance their privity defense. RIVIO does this by validating, you the Firm, and ensures that an unaltered version of financial documents you produced are delivered to your clients’ key financial stakeholders (Bankers, Private Equity Firms, Shareholders, etc).

Until now, only public companies in the United States, have had access to a dedicated financial statement clearinghouse (EDGAR) that supported authenticated document exchange among key stakeholders, such as lenders and investors. Companies who take part in financial information exchange workflow, have relied on more basic alternatives, such as email, courier services, online portals and document sharing applications.

Although these approaches are functional and practical, they provide little confidence 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 been missing a solution which provides the source of origin for financial statements. With RIVIO, those needs have been met.

 

ELEVATING YOUR FINANCIAL INFORMATION EXCHANGE TO A NEW BENCHMARK

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.

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AccountingToday | TOP NEW PRODUCTS 2016

From Accounting Today February 3, 2016 © 2016 SourceMedia, Inc. All rights reserved. Used by permission and protected by the Copyright Laws of the United States. The printing, copying, redistribution, or retransmission of this Content without express written permission is prohibited.

3 Unique Users, 1 RIVIO Clearinghouse
 

RIVIO CLEARINGHOUSE

CPA FIRMS

Reduces the risk of fraudulent use of the firm signature and provides recall controls.

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PRIVATE BUSINESSES

Provides a digital repository to securely collect and distribute financial information.

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INVESTORS & LENDERS

Delivers an authenticated document digitally reducing risk of fraud.

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Repository of Intelligent Validated Inputs and Outputs

 

Clearinghouse: CPA Firm Benefits
 

PROTECTS THE FIRM PRIVITY DEFENSE

Recipient remains unknown to firm

Eliminates 3rd party confirmations

INTELLIGENT MANAGEMENT OF FIRM REPORTS

Ability to recall reports

Ability to restrict distribution of reports

VEHICLE TO EDUCATE BANKS
 

Requests by banks for solvency letters

Firm Services

PROTECTS FIRM NAME AND REPUTATION

Firm maintains control of report

Ends era of forged reports

 

NAVIGATE COMPLEX VERTICAL INDUSTRY REQUIREMENTS

K1 Distribution

Dodd Frank Custody Rule

Investor Backed Companies

Internal Controls (ex: SOC)

SERVICE DIFFERENTIATION
 

Provide banks with confidence

Redefines and distinguishes firm’s delivery of documents

SUPPORT COMPLIANCE WITH STANDARDS

AUP's Restricted Distribution

Financial Statement Withdrawl

And More!