Copanion Releases Tax Data Retrieval Solution for Professionals

ANDOVER, MA – Copanion, Inc., the leader in paperless
tax workflow technology, recently announced the launch of the newest addition to
the GruntWorx family of products—GruntWorx Gather. Gather facilitates
seamless and secure electronic transfer of client tax data from the client to
the tax practitioner. The ability to automatically retrieve client tax information
puts the practitioner in control of the tax prep process—eliminating the
bottleneck of waiting for clients to deliver source data. GruntWorx Gather is
the first data retrieval solution of its kind for the tax and accounting profession.

“Firms are always seeking ways to improve the efficiency of their tax
process. In a recent survey, 72% of professionals said that the biggest obstacle
in their tax workflow is waiting for clients to deliver documentation,”
stated Ed Jennings, Copanion CEO. “We took this common issue and worked
to create a solution. GruntWorx Gather eliminates the bottleneck by allowing
the practitioner to drive the process from the beginning.”

Copanion’s complete line of integrated modules supports each step of
the tax preparation process:

GruntWorx Gather automatically retrieves posted 1099 consolidated brokerage
statements as they become available and delivers them directly to the firm’s
GruntWorx account for processing.
GruntWorx Organize logically organizes and bookmarks the client’s
tax data within a single PDF file.
GruntWorx Populate extracts data from the bookmarked PDF and automatically
populates the client’s tax return.

The addition of Gather to the GruntWorx family represents an all-inclusive
system that supports a true paperless and automated tax process.

The GruntWorx Paperless Tax Process
Gather offers a portal-like web interface where clients can connect with leading
financial institutions and brokerage houses. Clients enter login credentials
to their online accounts, enabling automatic delivery of data to tax professionals.
The interface also allows clients to upload scanned copies of source documents
or digital copies provided by issuers not supported with Gather integration.
With both automatic retrieval from institutions and client-initiated document
upload capabilities, Gather provides a complete solution for efficient client
data collection.

“The value of GruntWorx Gather cannot be understated,” said Jennings.
“By automating the delivery of client tax data, firms will realize immense
time savings by collecting data early in the season and eliminating late-arriving
amended documents. Clients see value because they no longer have to hassle with
mailing, faxing, or emailing source data.” GruntWorx Gather is available
for filing season 2010. It is the only source document retrieval system available
to the tax and accounting profession.

About Copanion
Copanion is the leader in paperless tax workflow technology—providing
a comprehensive and integrated family of web-based products that automate client
tax document retrieval, organization, data entry, and review. The GruntWorx
family of products has been in use for multiple tax seasons by thousands of
accounting professionals—from sole practitioners to those working in large
regional firms and the Big 4. GruntWorx is the product of choice for tax professionals—with
more than 4 million processed tax forms this past tax season. To date, Copanion
products have earned multiple accolades, including back-to-back Technology Innovation
Awards (2008 & 2009) and a Readers’ Choice Award from The CPA Technology
Advisor, Accounting Today’s Top 100 Ones to Watch, and a K2 Annual Quality
Award. For more information about Copanion, visit Copanion.com.

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