Thomson Reuters Confirmation
Electronic audit confirmation platform.
About Thomson Reuters Confirmation
Electronic audit confirmation platform. Automates the bank, accounts receivable, and legal confirmation process for auditors with digital request and response tracking.
Best for
External auditors needing efficient electronic confirmation management for audit engagements
Pros & Cons
Pros
- Key capabilities include electronic confirmations and bank confirmations.
- Also offers ar confirmations and digital tracking.
- Particularly well-suited for external auditors needing efficient electronic confirmation management for audit.
Cons
- No free tier available for evaluation.
- Feature depth may overlap with existing tools in your stack.
- Newer or niche product may have a smaller user community.
Ledger Brief Take
This is Thomson Reuters' established alternative to traditional paper-based confirmation processes, directly competing with Confirmation.com in the electronic audit confirmation space. The platform's integration with major banks and legal firms gives it a network advantage that smaller confirmation tools can't match, making it particularly valuable for auditors working with large clients who already use TR's ecosystem.