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ONLINE AUDIT CONFIRMATIONS
Confirmation.com

Program BenefitsProgram Contacts | 

Confirmation.com is the world's leading online audit confirmation solution which streamlines confirmation workflow, centralizes responses and archives responses electronically.  This award-winning solution allows your bank to control the audit confirmation process end-to-end, reducing the opportunity for confirmation fraud. 

Your bank can also staff appropriately for Busy Season using the Future-Dated™ feature that allows you to see how many confirmations are in the queue for a particular day.  Confirmation.com not only supports green initiatives by reducing paper consumption, but storing documents in an electronic format saves time, money and space. 

Confirmation.com can be used to respond to a wide variety of confirmations including:

  • Cash
  • Debt
  • Alternative Investment
  • Bond Issue
  • Commercial Real Estate
  • Derivatives
  • Escrow Account
  • Letter of Credit
  • Line of Credit
  • Money Market Fund
  • Mortgage Debt
  • Pension Plan Assets
  • Safe Deposit
  • Securities
  • Time Deposit
  • and more

If your bank responds to credit rating requests for your commercial clients, you can automate that process with CreditConfirm™.  Using CreditConfirm for your bank's commercial credit rating inquiries will increase efficiencies, decrease turnaround time, eliminate paper, and improve client service.


BACKGROUND

Financial institutions face a variety of challenges including increased regulatory requirements, added pressure to reduce costs, and finding ways to improve operational efficiency – all while increasing client acquisition and retention.  At the same time, the paper-based process used by auditors to confirm their client's account balances with a bank is extremely manual, inefficient and increases the risk of confirmation fraud. 

Capital Confirmation's solution Confirmation.com automates the audit confirmation process allowing banks to comply with regulatory standards, increase productivity and reduce costs.


PROGRAM BENEFITS

  • Controls the audit confirmation process
  • Improves productivity
  • Reduces costs
  • Increases client retention
  • Supports your Green initiatives


PROGRAM CONTACTS

Capital Confirmation, Inc.
214 Centerview Drive, Suite 265
Brentwood, TN 37027
Contact:  Dave Malone   Tel:  (888) 716-3577
Email: 
Dave.malone@confirmation.com
Website:  www.confirmation.com/solutions/banks.aspx


CAB CONTACT PERSON

Kimberly Smith  (202) 663-7516
E-mail:  ksmith@aba.com

Robin Gordon  (202) 663-5128
E-mail:  rgordon@aba.com