13 May 2008
Tax & Accounting Surpasses 200,000 Portal Clients
The Tax & Accounting business of Thomson Reuters, formerly Thomson Tax & Accounting, announced today that more than 200,000 customers are being served using portal technology. This number includes clients using NetClient CS™, a full-service client portal system; NetStaff CS™, a portal system for firm staff; UltraTax/1040 Portals, designed for annual 1040 clients; and Web Employee, a portal service for the employees of the accountant's clients.
"Exceeding 200,000 portals marks a significant milestone for Tax & Accounting," stated Teresa Mackintosh, CPA.CITP, Senior Vice President, Professional Software & Services, Tax & Accounting, Thomson Reuters. "The numbers confirm that portal usage has moved up the technology adoption curve. It took approximately five years to hit the first 100,000 portals and only one year to hit the next 100,000.”
“The dramatic increase in use is a clear indication that the accounting profession is starting to adopt advanced Internet technologies. It is also testament to the quality and value of our secure portal services,” said Frank Swierz, Senior Director, Software Development, Tax & Accounting, Thomson Reuters.
"Our portal services enable accounting firms of any size to offer their customers the convenience of online services. This gives firms a strong competitive advantage, while at the same time making their clients very happy. It’s win-win," stated Mackintosh.
Tax & Accounting offers an expansive line of portal options designed specifically for the tax and accounting profession. The company has offered portal services since 2001. For more information on Tax & Accounting’s portal offerings, please visit us at CS.Thomson.com.
About NetClient CS
NetClient CS private client portals enable firms to provide a full line of services to clients any time and from anywhere via the accountant's website. NetClient CS provides the accountant's clients with online access to their financial documents, bookkeeping software, a web-based tax organizer, remote web payroll data entry and check printing, account aggregation, and more.
About NetStaff CS
With NetStaff CS, firms can easily implement a comprehensive intranet that supports firm-wide communication through individual private employee portals. Professional staff can access documents, firm software, and other communication tools via secure portals.
About UltraTax/1040 Portals
UltraTax/1040 Portals enable firms to provide their 1040 clients with portals where they can complete tax organizers and access electronic copies of completed tax returns throughout the year. The UltraTax/1040 Portals service was developed in response to firms that wanted to offer 1040 clients online access to their tax returns, but did not want to set up a full portal system.
About Web Employee
Web Employee extends the convenience of 24/7 portal services to the employees of the accountants’ clients. Via individual portals, employees can enter time, modify W-4s, and access read-only electronic copies of their payroll information, including paycheck stubs and W-2s.
About Thomson Reuters
Thomson Reuters is the world’s leading source of intelligent information for businesses and professionals. We combine industry expertise with innovative technology to deliver critical information to leading decision makers in the financial, legal, tax and accounting, scientific, healthcare and media markets, powered by the world’s most trusted news organization. With headquarters in New York and major operations in London and Eagan, Minnesota, Thomson Reuters employs more than 50,000 people in 93 countries. Thomson Reuters shares are listed on the New York Stock Exchange (NYSE: TRI); Toronto Stock Exchange (TSX: TRI); London Stock Exchange (LSE: TRIL); and Nasdaq (NASDAQ: TRIN). For more information, go to www.thomsonreuters.com.
The Tax & Accounting business of Thomson Reuters (formerly Thomson Tax & Accounting) is the leading provider of technology and information solutions, as well as integrated tax compliance software and services to accounting, tax and corporate finance professionals in accounting firms, corporations, law firms and government. Tax & Accounting includes the Professional Software & Services, Corporate Software & Services, and Research & Guidance business groups.
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