CPA Practice Advisor - 9

FEATURE
ment and documentation by providing
auditors with all the required practice
aids. At the same time, this solution
coaches auditors to avoid over/under
auditing to help drive efficiencies and
quality. CCH Axcess Knowledge Coach
has a positive impact on realizations by
supporting real-time team collaboration
and in-line diagnostics that proactively
correct issues. It helps transform audit
practices so firms can deliver higher
quality and more profitable engagements. Part of the award-winning CCH
Axcess suite, this expert solution helps
teams:
* Avoid wast ing t ime by tailor ing
procedures to eliminate unnecessary
steps, providing anytime/anywhere
browser-based access to current forms
without the need for downloading
& managing of content, and enables
instant sharing of forms to eliminate
wait time while synchronizing
* Ensure compliance with auditing
standards by using the highest quality
risk-based audit methodology (KBA) in
market with risks updating the entire
engagement dynamically to ensure
auditors respond to current risks, by
sharing data automatically across forms
to eliminate conflicts/inconsistency, and

providing real-time, in-line diagnostics
that appear with questions
* Produce higher-quality audits by linking
performed procedures to identified risks
to clearly show why work was done,
summarizing risks/related procedures
in one place to avoid over/under auditing
and to show reviewers the big picture,
and allowing auditors to easily see the
last modified date & who prepared/
reviewed workpapers.

SafeSend Returns v4.0 - by
cPaperless SafeSend
www.SafeSend.com

SafeSend Returns has redefined the
way accounting firms operate their tax
practices by eliminating the manual
and labor-intensive elements plaguing
many firms. Tax forms 1040, 1041, 1065,
1120 & 1120S can be assembled & delivered by staff, and clients can review &
eSign remotely. In addition, K-1s can
be electronically batch processed for
delivery by the client and automate
estimated payment reminders.
Benefits include: Saving over $40 per
return while assembling and delivering
in 4 minutes per return; One solution
to drive firm efficiency; Elevate client
service, and; Mitigate security risks.

SafeSend Returns is fully compatible
with CCH Axcess Tax, CCH ProSystem
fx Tax, Thomson Reuters UltraTax CS
and Thomson Reuters GoSystem Tax
RS. This solution has helped tax professionals all over the country during
the COVID-19 crisis and has become a
best practice during the new normal
many tax professionals are having to
deal with during these uncertain times.
Clients love SafeSend Returns' ease
of use and Form 8879 E-Sign, but quarterly reminders for payment vouchers
and electronic K-1s sent to shareholders
can make them clients for life.

Tipalti Pi - by Tipalti
https://tipalti.com

Tipalti Pi is designed to apply artificial
intelligence and machine learning to
optimize the entire payables process,
including by reducing risks and errors,
optimizing the payables workflow,
and providing control for controllers.
Duplicate bill/invoice entries, supplier
data errors, compliance and fraud risks:
these are the bottlenecks that can cause
havoc to payables processing. Tipalti
Pi identifies and mitigates accounts
payable issues like these, including
validating supplier profile and payment

data using over 26,000 global rules to
eliminate payment errors by 66%, pinpointing potential fraud risk, identifying
duplicate invoices, and facilitating PO
matching and discrepancy detection.
For every industry, manual invoice
processing is a hurdle to efficient
payables. Combined with invoice
scanning using its built-in, intelligent
OCR functions, Tipalti Pi works in the
background to assign proper approval
routing and General Ledger (GL) coding at both the bill and bill line level.
Tipalti Pi learns to record bill fields for
line-level charges (expense accounts,
departments, classes, locations, projects, cost center, entity, custom fields,
etc.). This intelligence helps improve
future routing accuracy, streamlines
payment reconciliation processes, and
maintains data hygiene in the ERP.
Managing finance and accounting
operations can be a delicate process that
demands some amount of oversight. AI
shouldn't take action unless someone
clears it to do so. Tipalti Pi acts as an
artificial intelligence assistant to expose
areas and processes that could use
more attention while ensuring that a
human is in control of financial actions.

2020 INNOVATION AWARD FINALISTS

Canopy Mobile - by Canopy
www.getcanopy.com/

Available for free, the Canopy Mobile App empowers
accounting professionals to manage their firm and connect
with clients from anywhere, anytime, with a mobile device.
This powerful, SOC2 compliant tool gives on-the-go access
to client information in order to be more responsive to client
needs while ensuring all data is safe and protected-all
critical elements of a positive client experience. In addition,
the app allows for secure file sharing, completing a to-do list
for each case, e-signing documents, and accessing invoices
and payments.
Coupled with the professional's app, the Canopy Client
Portal App is uniquely developed to provide a mobile-first
experience for clients interacting with their accountants. No
other practice management provider offers a full-featured
native mobile app for both clients and accountants that
allows them to work together seamlessly. As consumers

continue to go mobile, often preferring their mobile devices
over a laptop, the Canopy Client Portal is uniquely positioned
to be the primary method for completing taxes or navigating
other accounting situations.
Client Portal App users will be able to see all their related
files and a concise task list. Using the built-in document scanning functionality, they can easily scan multi-page documents
and submit them for review. Questions and comments can
also be submitted via the app directly to their accountant.
In addition, clients can view invoices and make payments
in a timely manner.

Client Hub Integration with QuickBooks
Online - by Client Hub
https://clienthub.com/

The Client Hub integration with QuickBooks Online helps
to automate the process of accountants sending requests
to clients to categorize expense transactions when the

accountant does not know what the purchase was for. The
standard process used by accountants is to send spreadsheets to clients with a list of these transactions. This process
is inefficient and time consuming and clients rarely provide
complete or clear answers.
With Client Hub, accountants can add transactions to
their clients' QuickBooks Online account and categorize them
to a mapped account which then triggers the creation of
a Client Task in the Client Hub workspace. The Client Task
includes all the details of the transaction with a drop-down
for the client to select the appropriate expense account from
the QuickBooks Online chart of accounts. After the client
submits a response, the accountant can review. Once the
response is accepted by the accountant, Client Hub pushes
the re-categorization back to QuickBooks Online, editing the
original transaction, and closes out the task.

AUGUST 2020 ■

Continued on Page 18
www.CPAPracticeAdvisor.com

http://www.SafeSend.com https://www.tipalti.com http://www.getcanopy.com/ https://www.clienthub.com/ http://www.CPAPracticeAdvisor.com

CPA Practice Advisor

Table of Contents for the Digital Edition of CPA Practice Advisor