Thomson Reuters plans to buy Confirmation, which provides digital confirmation services to audit and law firms and banks and bank departments. The software is used to verify financial data. Terms were not disclosed.

Charlotte Rushton, president, of Tax & Accounting Professionals for Thomson, said the acquisition will provide additional capabilities in its Cloud Audit Suite, grow confirmation globally and be used to expand non-bank confirmations.

Confirmation’s services include in-and-out of network AR and AP confirmations. It also offers EBP Participant, for sending confirmations to employee benefit plan participants. In additional, there are Legal confirmation for getting client approvals and tracking lawyer updates.

Last modified on Monday, 24 June 2019
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