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Interwoven Enables Leading Accounting Firms Worldwide to Improve Client Service, Reduce Risk, and Increase Revenue Growth

  • 08 December, 2005 10:57

<p>Growing Number of Accounting Firms Adopt the Interwoven Unified Electronic Content Management Solution for Industry-Leading ‘Client-Centric Collaboration’ Approach</p>
<p>Sydney, Australia, December 8, 2005 – Interwoven, Inc. (Nasdaq: IWOV), provider of Enterprise Content Management (ECM) solutions for business, today announced that a growing number of leading accounting firms across the globe continue to adopt the Interwoven Unified Electronic Content Management Solution for Accounting Firms to improve client service, reduce risk, and increase revenue growth. Leveraging the industry-leading ‘client-centric collaboration’ approach of the Interwoven solution, world-class accounting firms are efficiently creating and managing complete client engagement files—including electronic documents, scanned paper documents, e-mails, records, and tax and audit files—in one central system.</p>
<p>Interwoven's strategy is to develop and deliver vertically-oriented content-centric ECM solutions that are easy to implement, empower both business users and IT, and solve specific business process challenges for rapid return on investment. The Interwoven Unified Electronic Content Management Solution for Accounting Firms is one of many targeted solutions that Interwoven is delivering to enable companies to streamline key business processes specific to their vertical industries.</p>
<p>Top Accounting Firms Across the Globe Rely on Interwoven</p>
<p>Stringent compliance requirements, excessive amounts of documents, e-mail overload, and a tough business climate are driving accounting firms worldwide to look for new ways to improve productivity and client service, mitigate risk, and increase revenue growth. To address these challenges, leading firms worldwide continue to adopt the Interwoven solution to efficiently manage all client-related and tax/audit content in one unified system. World-class accounting firms who have chosen the Interwoven solution include: BDO Seidman; Berdon LLP; Deloitte; Eisner LLP; Ehrhardt Keefe Steiner &amp; Hottman; Frank, Rimerman &amp; Co.; PricewaterhouseCoopers; Vitale, Caturano and Co.; UK firms Myers Clark, Robert J. Hart, and Robertshaw &amp; Myers; WHK Greenwoods in Australia, and many more.</p>
<p>“In addition to enforcing our firm’s critical document retention policies and compliance obligations, our partners wanted to be three clicks away from all client information,” said Gary Rosenberg, CIO and principal of Eisner LLP. “Interwoven's Accounting solution has allowed us to accomplish both, with complete information access in only two clicks.”</p>
<p>Frank, Rimerman &amp; Co, another leading accounting firm is also benefiting from the Interwoven solution by effectively managing its growing volume of e-mails alongside documents and other client-related content: “Managing the e-mail explosion became one of our top IT challenges,” said Andrew Wyatt, partner, business systems consulting practice, Frank, Rimerman &amp; Co. “Not only can Interwoven help our staff work more effectively and provide a single access point for both documents and related e-mails, but it also gives us a more complete internal audit trail. Trying to get a complete view of client communications prior to Interwoven was a monumental task.”</p>
<p>Interwoven's Focus on Client-Centric Collaboration Drives Continued Industry Leadership</p>
<p>Interwoven's strong momentum in the accounting industry is largely driven by the company's unique focus on client-centric collaboration. Based on Interwoven WorkSite software, the Interwoven Unified Electronic Content Management Solution for Accounting Firms provides a unique paradigm for managing documents known as client-centric collaboration. Client-centric collaboration represents a user-centric design, which enables accounting and other professional services practitioners to manage client-related content in the electronic world the way they have done for more than 100 years in the physical world. The approach creates the true electronic equivalent of a client file by consolidating documents, e-mails, records, billing, contacts, and all other relevant content for any given client in a single integrated file that is accessible both internally and externally across departments and locations. Today, over 1,400 professional services firms rely on Interwoven Worksite software. By aggregating all critical business content into client-centric work areas, accounting professionals can quickly view all content—such as documents, completed financial statements, engagement letters, scanned documents, and e-mails—alongside critical dates, actions, and billing data in one unified environment. Additionally, the Interwoven solution can facilitate automated workflow so firms can ensure that the right content is automatically routed to the right individuals for review and approval.</p>
<p>“Interwoven's strategy and key focus is to provide highly-targeted ECM solutions that are based on proven industry best practices to help customers realise immediate ROI from their ECM implementations,” said Neil Araujo, vice president, professional services solutions, Interwoven. “Our solutions approach and focus on modelling technology after the way accounting professionals actually work are the primary reasons why leading accounting firms across the globe continue to adopt Interwoven to address the full lifecycle of their client-related content.”</p>
<p>To learn more about the Interwoven Unified Electronic Content Management Solution for Accounting Firms, please go to http://www.interwoven.com/solutions/accounting/index.html</p>
<p>About Interwoven</p>
<p>Interwoven, Inc., provider of Enterprise Content Management solutions for business enables organisations to unify people, content and processes to minimise business risk, accelerate time-to-value and sustain lower total cost of ownership. Interwoven delivers deep industry-specific solutions which reduce business process cycle time from initial collaboration through design, production, sales, marketing, legal review, IT and service. Interwoven leads the industry with a service-oriented architecture today and easy-to-use, best-in-class components and solutions. Today, nearly 3,400 enterprises, law firms, and professional services organisations worldwide are Interwoven customers including BT, Ford, Freshfields Bruckhaus Deringer, General Motors, Jones Day, Motorola and Yamaha. Interwoven is headquartered in Sunnyvale, Calif., with offices around the world. For more information visit www.interwoven.com.</p>
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<p>Media Contacts:</p>
<p>Rob Stirling
Markom Marketing
+61 2 9977 8922
rob_stirling@markom.com.au</p>
<p>Chris Lynch
Interwoven
+61 2 9922 9700
clynch@interwoven.com</p>

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