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SmartVault, Virtual Cabinet Combo on Track

Plans to combine SmartVault with Reckon's Virtual Cabinet in one cloud platform are on track, Reckon has said. The Australia-based software company made the statement recently when it reported financial results for the half ended June 30.


Reckon acquired SmartVault in January after already having launched its own Virtual Cabinet document management in the United States. No descriptions of any planned features or functions were provided.
In his comments on the results, CEO Clive Rabie said that the two products are used by more than 48,000 customers and experienced 15-percent annualized user growth this year with the addition of 3,000 states during the half. "We're aiming to become leaders in how businesses and professionals collaborate with documents, and manage customers," he wrote.
Online portals are being used by around 560,000 customers. Without disclosing goals, the companies said its plans for SmartVault are ahead of targets.
Reckon has three business divisions with document management the smallest of the three. The others are its Reckon One Accounting software, and Practice Management, both sold in Australia, New Zealand and the United States.

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