The manual process of obtaining signed authorizations from clients and responses from lawyers for audit confirmations causes delays in issuing financial statements due to constant follow-ups and lack of timely responses.
Confirmation.com handles bank confirmations well but does not streamline the authorization signing by clients or the request and response process for non-bank confirmations like legal and insurance, leading to manual follow-ups and delays.
Workarounds Described
- Sends authorization forms to clients for manual sign and return, then waits and follows up via email
- Manually emails lawyers the confirm requests and waits for responses with repeated follow-ups
Implied Software Gaps
- Digital client authorization tool with automated reminders and signature tracking
- Legal confirmation management platform with automated request sending and response tracking
AuditConfirm Pro
AuditConfirm Pro automates the entire non-bank confirmation workflow for auditors. It sends requests to clients for digital signatures and automatically follows up, then routes requests to third parties like lawyers and tracks responses in real time. It integrates with Confirmation.com for a unified view, reducing issuance delays.
- Digital signature requests with automated reminders for client authorization
- Centralized portal for third-party confirmations with status tracking
- Automated follow-up emails and escalation after configurable deadlines
- Integration with Confirmation.com and audit software for seamless data flow
Existing Solutions Mentioned
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