LOS ANGELES – June 12, 2008 – Technologies focused on increasing
  productivity and efficiency through streamlined workflow processes and management
  stole the spotlight at the 2008 Tax & Accounting Technology Innovation Awards,
  held Tuesday, June 12, at the California Accounting and Business Show &
  Conference in Los Angeles. 
 Now in their 5th year, the Innovation Awards are recognized as a pinnacle
  of achievement for developers of software, hardware, services and other technologies
  geared toward professional accountants and tax preparers. The awards, which
  honor advances in technologies that benefit accounting and tax professionals,
  are selected by The CPA Technology Advisor, the leading independent
  technology magazine and online resource for the profession. 
 This year’s winners are Copanion, Inc. for the GruntWorx system; XCM
  Solutions for its Workflow & Information Automation Software; CCH, a Wolters
  Kluwer business, for ProSystem fx Document E-mail Management; and Thomson Reuters
  for two of its products: Engagement CS and PPC’s SMART e-Practice Aids
  – Risk Assessment.
 The Innovation Awards were presented by the magazine’s executive editor,
  Gregory L. LaFollette, CPA.CITP, a practicing accountant who holds the accounting
  profession’s Certified Information Technology Professional (CITP) credential.
 “The movement toward the paperless accounting and tax practice, which
  professionals have been undertaking for nearly a decade, is well on its way
  to completion,” he said. “The next step in the continuing evolution
  of the professional digital environment is rethinking workflow processes to
  maximize productivity, and each of the products selected for awards this year
  approach various workflow processes with the goal of streamlining tasks and
  management functions.”
 Winners of the Tax and Accounting Technology Innovation Awards are selected
  by The CPA Technology Advisor’s Awards Committee, which is comprised
  of the magazine’s editorial advisory board, contributing writers, editorial
  staff and select thought leaders in the profession. The advisory board is comprised
  of accounting and tax professionals from across the country who are engaged
  in public practice in firms ranging from sole practitioners to major, multi-office
  regional practices. 
 Nominated products or services must be less than two years old or have undergone
  a significant revision or addition during the past two years. They are voted
  on based upon their innovation and the potential benefit the products or services
  are likely to deliver to the profession. A total of five awards are presented
  each year on an “at large” basis, with no categories or rankings.
  
  Honorable Mentions are also presented to products not receiving an award but
  which possess significant innovative potential. 
For the 2008 Tax & Accounting Technology Innovation Awards, Honorable Mentions
  were extended to AvaFile from Avalara, Disclosure & Reporting Manager from
  CPA Service Group and GoFileRoom ES from Thomson Reuters. “Each year the
  nominations increase in number and improve in quality, which is both wonderful
  for the profession and challenging for our judges. We sincerely appreciate the
  efforts of our nearly 50 judges who vetted this year’s nominations. It
  is a daunting task, indeed!” 
The CPA Technology Advisor is an independent information source for practicing
  public accountants and tax professionals, dedicated to providing them with the
  knowledge they need to make informed decisions regarding implementing various
  technologies in their practices. Through in-depth reviews and comparisons of
  technology products and services, topical features and regular columns from
  respected thought leaders in the profession, The CPA Technology Advisor
  helps practicing public accountants and tax professionals explore, purchase
  and implement new technologies efficiently and productively. The magazine’s
  audited circulation of approximately 50,000 tax and accounting professionals
  look to it for its editorial independence and integrity.
 Cygnus Business Media reaches nearly 15 million business owners, executives
  and professionals annually through its portfolio of over 200 media products.
  Its four distinct divisions – Cygnus Publishing, Cygnus Expositions, Cygnus
  Interactive and Cygnus Custom Marketing – provide comprehensive, integrated
  advertising and marketing programs for Cygnus’ valued customers and clients.
  The company’s leading business publications, tradeshows, conferences,
  websites, online products and custom marketing capabilities enhance brand identity,
  generate sales leads, and build product awareness as they strengthen customer/client
  relationships. For more information on how Cygnus Business Media can help you
  achieve your advertising and marketing objectives, visit www.cygnusb2b.com.
# # #
  Editorial Contact
  Isaac M. O’Bannon
  800-456-0864 x2110
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