NASHVILLE, TN - December 8, 2017 - Confirmation.com, the leading provider of online audit confirmations, announced today a significant upgrade to its commercial credit inquiry solution. The new enhancements for business credit managers and financial institutions as well as their mutual clients are the first of many product improvements that will continue to position Confirmation.com as the leading provider of secure and efficient confirmation services.
"The market response to our enhanced credit inquiry solution has been tremendous," said Mark Portanova, vice president of sales for the Americas. "The improved workflow, extensive reporting capabilities, and simple client authorization process has been met with great enthusiasm. Two of the Top 10 U.S. financial institutions have adopted this enhanced credit inquiry service and three more are scheduled to roll it out in the next 60 days. These enhancements will further drive adoption away from the traditionally slow, manual, and time-consuming credit inquiry process to the use of Confirmation.com as the expedited solution."
Business credit managers use Confirmation.com to drive efficiency as well as protect privacy and confidentiality of clients' data. Additionally, Confirmation.com allows business credit managers to standardize requests and archive responses electronically, while allowing financial institutions to comply with regulatory standards and increase productivity.
"More than 3,500 financial institutions around the world currently use Confirmation.com to process audit confirmations," said Chris Schellhorn, CEO of Confirmation.com. "These new, powerful credit inquiry enhancements will further drive efficiencies for businesses adopting our service. It will also help our current and future financial institution customers continue to increase efficiencies as now audit confirmations and commercial credit inquiries can both be processed quickly from a single, easy-to-use platform."
Endorsed by the American Bankers Association (ABA) through its Corporation of American Banking subsidiary, Confirmation.com processes more than $1 trillion in confirmations each year. For more information, please visit Confirmation.com.