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CaseWare Launches Breakthrough Cloud Solutions to Better Connect Accountants, Auditors and Clients

CaseWare

CaseWare Launches Breakthrough Cloud Solutions to Better Connect Accountants, Auditors and Clients

New product suite includes audit and client collaboration functionality, made-for-Canada analytics, and a streamlined accounting platform to benefit users at all stages of cloud adoption

As the Canadian accounting and auditing industries adapt to a new normal amid a changing world, where working in teams and engaging with clients must be done remotely, leading software provider CaseWare International Inc. has unveiled breakthrough technology solutions that will enable accountants and auditors to work smarter, faster and more cohesively, both now and for the long term.

“The role of accountant and auditor will be more important than ever in a post-pandemic financial world, where people will need to place even greater trust in numbers and accountability,” said Ross Hampton, CaseWare Head of Business Development – Americas.

“As a result, the speed with which firms transition to this new way of working – remotely and cohesively together – will radically increase,” Hampton said. “Before, many in the industry had a vision of one day transitioning to the cloud, but circumstances beyond all of our control are forcing accountants and auditors to do it now.”

The solutions included in the announcement are: CaseWare PBC RequestsCaseWare ReviewCompTaxCaseWare Audit and CaseWare AnalyticsAI. By bringing them together in one product suite – that seamlessly ties in with other CaseWare solutions such as Working Papers – the company is giving accountants the support they need to shift their entire practice to the cloud.

Each product is a standalone solution hosted in the secure CaseWare Cloud, providing users with the flexibility to choose the product or combination of products that best fits their particular needs as they engage in new ways of working, and giving them assurance that everyone involved will be working from one integrated workflow.

“We’re addressing the needs of users at all stages of cloud adoption – from forward-thinking firms who are already in the cloud, to firms that are just starting to transition, and those that may want to start small,” Hampton explained. “Everyone needs to be thinking about how the accounting role integrates with the audit role, and how both of those activities engage with clients to ensure everyone is working from the same data, with one workflow and one process to minimize risk.”

Key features and benefits of the suite of products include:

CaseWare PBC Requests

-A new add-on to the CaseWare Cloud platform, CaseWare PBC Requests – a centralized client cloud portal that serves as an excellent introduction to the cloud – allows firms to seamlessly collaborate with clients, securely manage requests, and streamline workflow related to obtaining information.

-Users gain a two-way, real-time communication flow with clients to quickly and securely send signed letters and documentation, receive client files and respond to requests.

-Real-time electronic status updates provide improved workflow visibility, creating transparency and ensuring requests are not forgotten or missed.

-Client requests are automatically aligned with engagement status and platform integration ensures information is synched between the cloud engagement file and Working Papers.

CaseWare ReviewCompTax

-Securely hosted in CaseWare Cloud, CaseWare ReviewCompTax is an end-to-end platform that enables accountants and auditors to perform review, notice to reader and tax engagements in a single location from a single database.

-Innovative web-based tools include 24/7 real-time access to client accounts and information, automatic updates, and shared dashboards to ensure everyone is working on the same documents and all communication is securely sent, received and tracked.

-Information is automatically updated throughout financial statements and tax returns, removing the need for multiple manual entries and reducing the likelihood for error.

CaseWare Audit

-An end-to-end, cloud-based audit solution, CaseWare Audit is securely hosted in CaseWare Cloud, removing risks associated with duplication of work and over or under auditing.

-Auditors leverage content to identify risk up front and optimize their audit workflow accordingly, performing only the work necessary with the ability to record and view engagement risk from anywhere within the file.

-Auditors have the ability to securely track all communications related to an audit file in one place, from initial assessment and interpretation, to risk identification, evidence gathering and reporting, eliminating the need to work with multiple email threads.

-Auditors are ensured a proper random sample for testing directly within an engagement.

CaseWare AnalyticsAI

-CaseWare AnalyticsAI provides the same artificial intelligence-based transactional analysis, tailored to reflect the way Canadian firms work and including Canadian templates for balance sheets and income statements.

-Easy-to-use analytic capabilities which can be integrated directly into Working Papers to allow auditors to perform analysis as part of their routine workflow.

-Entire data sets are quickly analyzed to find exceptions and identify areas of higher risk, allowing auditors to perform more accurate and thorough audits.

“Whether you’re an auditor looking for greater insights or an accountant working on multiple client requests or a compilation engagement, this product suite has the functionality you need, including basic functions such as tax returns and financial statements such as integrating tax and financials into one process,” Hampton said. “You can still do everything you need to do to run your business and meet client expectations, only working in the cloud means that you can do it better.”

To learn more about this Canadian suite of products, click here.

For information on the U.S. cloud product suite, click here.

Apparel Textile Sourcing Miami Unveils Top Speaker Line-Up

Amidst Changing Global Trade Landscape, Apparel Textile Sourcing Miami Show Unveils Top Speaker Line-Up to Boost International Trade Success for Fashion Industry Players in Florida, Southern U.S. and Latin America.

The show gets underway May 28-30 at the Mana Wynwood Conference Center, coinciding with Miami Fashion Week to bring to the Magic City more than 10,000 fashion industry representatives for a first-hand discovery of new developments and insights in the apparel and textile market — from concept to consumer.

“With the U.S. in the midst of a shifting trade environment, ATSM has put together the most comprehensive sourcing seminars, expert panels and Q&A segments to arm representatives across all segments of the industry — brands, retailers, e-commerce sellers, designers, importers and buying offices — with the knowledge, tools and practical solutions they need to address current industry issues and navigate through the rapidly-transforming sourcing ecosystem,” said Jason Prescott, CEO of JP Communications, producer of the show and publisher of North America’s leading of B2B trade platforms TopTenWholesale.com and Manufacturer.com.

Highlights of the ATSM educational sessions — which take place on the show floor alongside 300 exhibits of the latest in apparel and textile products and services from more than 15 countries — include:

U.S. Trade Policy Update

U.S. trade policy is changing quickly and Julie Hughes, President of the DC-based United States Fashion Industry Association (USFIA) — which works to facilitate global trade for U.S.-based brands, retailers, importers and wholesalers doing business internationally — will provide an update on the latest developments in global trade, tariff and non-tariff barriers, and new sourcing opportunities.

Imports, Exports and Customs: All You Need to Know for 2019 and Beyond

Navigating through the complex supply chain and other complicated issues associated with trade present a challenge for businesses, small and large. Learn from international trade and legal expert Laura Siegel Rabinowitz, Special Counsel of national law firm Kelley Drye & Warren LLP, about all you need to know to ensure compliance with current trade laws and policies surrounding imports, exports and customs, and reduce duty exposure.

New Investment Opportunities

Tap into an unprecedented number of investment opportunities available to Florida apparel brands, retailers and businesses — from local to international sources. Speakers include Manuel A. Mencia, Sr. Vice President – International Trade and Development of Enterprise Florida, as well as representatives from The Investment Association of China (IAC), who will provide details as part of the first Asia-US-Latin America Investment Summit on the group’s vision to invest in local opportunities in Miami and Fort Lauderdale in the areas of logistics, ports, commercial/residential real estate, infrastructure and technology. IAC, the authority of the Chinese investment industry, regulated by the National Development and Reform Commission of the Peoples’ Republic of China, has injected billions of dollars into different economies worldwide across numerous industries since the inception of China’s One Belt, One Road global trade initiative.

What’s Next in Fashion Color Trends

Laurie Pressman, Vice President of the Pantone Color Institute, will unveil global color authority Pantone Color Institute’s fashion color trend forecast for Autumn/Winter 2020-2021. Be among the first to see how next year’s colors and beyond will be reflective of color as an oasis and how they will be incorporated into fashion.

Stream for Designers on Growing a Successful Business

Launching and growing a successful business today is a challenge for both expert and novice designers alike, especially with limited budgets. What’s the best way to launch or scale a brand — online, direct to consumer, crowd sourcing sites or wholesale? Mercedes R. Gonzalez, Founder and Director of Manhattan-based Global Purchasing Companies, specialists in fashion strategy and brand development, will reveal valuable tips on everything designers needs to know about breaking through the clutter and launching a successful collection. Design industry expert Anna Livermore, Founder of Chicago-based V. Mora, who has helped launch hundreds of designers’ careers over the last decade, will share top mistakes designers make and how to avoid them.

Latest Developments in Manufacturing Technology

With technology evolving at a rapid pace, discover the many advances in technology use and how it can speed up product development and the manufacturing process, including pattern design, creating technical packs, 3D scanning, grading, marking and cutting. Learn from experts such as Ram Sareen Head Coach and Founder of California-based fashion tech firm Tukatech on how technology can help your company save time and money in meeting manufacturing demands, and Shahrooz Kohan, CEO of California-based fashion ERP software provider AIMS360 on the benefits of integrating apparel value chain technologies into your business.

Sustainable Fashion: How to Adapt Your Business to Conform 

In the wake of the United Nations’ launch of the “UN Alliance on Sustainable Fashion,” a panel of top industry experts will discuss the implications for apparel businesses, and provide guidance on how companies can launch, convert and grow their sustainable operations.

Responsible Sourcing and Your Bottom Line

Avedis Seferian, President and CEO of Worldwide Responsible Accredited Production (WRAP), will examine why responsible sourcing is more important than ever in today’s world of instant communication, what companies need to do in order to ensure business continuity and stay competitive, and how responsible sourcing impacts the bottom line.

Presented free of charge, the interactive educational sessions are expected to draw more than 4,000 local, national and international visitors who will attend ATSM to learn, source new innovations, and make connections with sourcing partners globally.

In addition to the show’s exhibits and conference sessions, ATSM will deliver a world-class fashion show, representing local and international designers, up-and-coming student talent and global fashions presented by show exhibitors.

For more show details and a complete conference schedule, please visit www.appareltextilesourcing.com.