Sageworks Electronic Tax Return Reader wins CPA Practice Advisor Tax & Accounting Technology Innovation Award
Raleigh, N.C., June 2, 2016 – CPA Practice Advisor announced last night that Sageworks’ Electronic Tax Return Reader (ETRR) won the 2016 CPA Practice Advisor Tax & Accounting Technology Innovation Award. The company was honored at a reception in Los Angeles, California.
The CPA Practice Advisor awards recognize technology companies that serve the tax and accounting profession whose innovations represent “outside the box” thinking in product development, design and implementation, breakthrough technologies and cutting edge ideas that directly help accounting professionals and clients improve business.
“This new product has significantly reduced the time accountants spend entering data vs. analyzing and presenting it,” said Gail Perry, CPA Practice Advisor’s editor-in-chief and a CPA herself. “Using this product with its analytics, accountants can transform business tax returns into financial health reports, projections and benchmarking reports for their clients in minutes.”
Award winners were decided by a committee comprised of industry thought leaders, the CPA Practice Advisor editorial staff and its Editorial Advisory Board, which is made up of accounting and tax professionals from across the nation.
“We are honored to receive this award from CPA Practice Advisor. The Electronic Tax Return Reader is an innovation that we’re proud of because it represents a significant step toward our vision for our products to require zero data entry” noted Scott Ogle, CEO of Sageworks. “At Sageworks, our goal is to help our accounting firm clients become trusted advisors to the businesses they serve, and a big part of that is reducing the amount of time spent entering data so they can spend more time with their clients.”
Sageworks’ patent-pending Electronic Tax Return Reader imports tax returns produced from a tax package into ProfitCents, Sageworks Valuation Solution or any desired output (Excel, XML, etc.). The data is extracted using X-Y coordinates on the returns, ensuring the data is pulled over accurately.
The electronically imported data can be used instantly to create financial health reports, projections and benchmarking reports, allowing accounting firms to quickly add higher value consulting services to its offerings, leading to deeper client relationships and more profitable engagements.
To find out more about Sageworks Electronic Tax Return Reader, visit web.sageworks.com/accounting/valuation/upload-client-data/.
Sageworks is a financial information company that provides risk management, financial analysis and business valuation solutions to accounting firms and financial institutions. Visit www.sageworks.com to learn more.