NASHVILLE, TN – December 21, 2011 – Confirmation.com, the creator and world’s leading provider of secure audit confirmation services, announced that it has made the 2011 Nashville Post Tech 25 list of brightest IT ventures in Middle Tennessee.
Confirmation.com addresses the issues accounting firms, companies and financial institutions face with manual audit confirmation procedures. If a company is trying to hide financial fraud, they will often collude with someone within a bank or within one of their vendors to provide false information in the audit confirmation response. Confirmation.com prevents collusion from taking place because it identifies the validity of any participant in the audit confirmation process. As a cloud-based solution, it is cost-efficient, more secure and easier for companies to implement.
"Confirmation.com ensures control and brings much greater integrity to the process of validating the receivables, cash on hand and debt within financial statements," said Chris Schellhorn, CEO of Confirmation.com. "We are pleased to be recognized by the Nashville Post as a 2011 Tech 25 company. Our goal is to continue leading the way by using technology and innovation to deliver greater value to our customers."
"Our first annual Nashville Post Tech 25 recognizes companies that bring efficiency and innovations to sectors far and wide," said Geert De Lombaerde, editor with the Nashville Post. "Many people still see information technology in Middle Tennessee as being an almost-accidental offshoot to our massive hospital-dominated health care sector. But there has long been a vibrant and varied local cadre of entrepreneurs building technology companies serving industries of all stripes."
The selection of the Tech 25 is based on editorial judgment by the Nashville Post and other factors ranging from revenue growth over a period of years, growth as compared to industry average and projected growth.