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ABA: The American Bankers Association

Confirmation: Online Audit Confirmation and Asset Verification Platform

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Provider: Confirmation, part of Thomson Reuters

Confirmation

Auditors and credit managers mail millions of audit confirmation letters and commercial credit inquiries requesting confirmation of their clients’ balances and arrangements annually. Responding to these numerous requests by mail, fax, and email has proven to be inefficient and ineffective. Confirmation’s online solution automates audit confirmation and credit inquiry processes, allowing banks to comply with regulatory standards, increase productivity, and reduce risk.

Confirmation’s automated process standardizes credit inquiry requests and archives responses electronically while allowing financial institutions to comply with regulatory standards and increase productivity.

ABA Member Discount

Free service for all banks

Benefits

  • Auditors and credit managers pay for the service to get quicker responses and improved efficiency. It is completely free for banks.
  • 16,000+ accounting firms and 200,000 auditors worldwide use Confirmation.
  • Eliminate manual redundant processes and experience up to 90% time savings.
  • Controlling the process reduces the risk of confirmation fraud.
  • Confirmation's secure platform protects privacy and confidentiality of users’ data.
  • Confirmation's reporting allows you to track aging and ensure service levels are achieved.
  • There’s no software to install. All you need is an email address and access to a web browser.

Webinars

How Technology Can Future-Proof and Automate Your Mortgage Reverification Response Process

June 23, 2020 | 02:00 PM ET

Join this session to learn how technology can help prepare your bank for future uncertainties and how Confirmation’s online platform can standardize your reverification requests, allowing you to respond to more requests in less time.

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