CCH iFirm Validate enables you to speed up and automate the bank confirmation process during audit.
As a cost-effective and secure cloud solution, you can easily scale the solution across your practice, cutting the time your employees spend on UK bank validation from weeks to minutes.

Forget the manual and old-fashioned approach to bank validation; CCH iFirm Validate offers you an automated and secure modern solution. Using open banking and blockchain technology CCH iFirm Validate securely enables immediate confirmation from participating banks. Reduce the risk of human error and streamline the entire validation process.

Looking to improve costly, manual, and time-consuming confirmation processes? CCH iFirm Validate is your UK bank confirmation and validation tool, accelerating the audit banking confirmation process. Our cloud software solution streamlines validation allowing for immediate confirmation from participating banks at a cost-effective price point.

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Quick authorisation for bank confirmations

Open banking authorisation allows you to authorise the provision of data to the auditor, and the auditor to request data to support the audit.

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Guaranteed security

Blockchain technology provides you with a safety guarantee as you have a secure audit trail of data provision to your confirmation of key accounting data with external third parties—all as part of a statutory audit.

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Replace manual processes with automation

Accurate and efficient data provision means as an auditor you can replace your predominantly manual processes with an efficient and secure alternative.

PRODUCT BROCHURE

CCH iFirm Validate

Cloud-based accounting

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Discover how CCH iFirm Validate enables easy bank confirmations:

- Using open banking authorisation for ease.

- Secured with blockchain technology for peace of mind.

- With accurate data provisions, replacing manual process with automation.

What does CCH iFirm Validate do?


CCH iFirm Validate uses blockchain technology to share confidential financial data during the audit process. This enables the auditor to obtain detailed transactional data directly from financial institutions such as banks, further enabling the matching of transactions to the client’s records for verification. It offers auditors a quick and secure solution to bank validation, without the expensive price tag.

Why use a cloud accounting bank confirmation solution?


CCH iFirm Validate is part of our cloud accounting suite, CCH iFirm. Cloud accounting enables your audit team to all access the same data from any device whenever and wherever they choose to login. This enables a collaborative environment and well as remote working with ease. Plus, there’s no need to pay for installation or updates, just pay for what you use, and easily access updates to features and functionality through our cloud software. You can now complete UK bank validation processes from anywhere.

Webinar- Fast track your audit bank confirmations with CCH iFirm: Validate
Watch this webinar with our product experts to explore CCH iFirm Validate, a new cloud-based tool to fast track the audit bank confirmation process.

In this session, we'll explore how innovative cloud technology can streamline workflows, enhance collaboration, and significantly reduce the time and effort required to obtain bank confirmations during audits.
Watch Now


Frequently Asked Questions

  • What is accounts production? 
    In accounts production you can create and accounts for sole traders, partnerships,  and limited companies. This involves preparing and analysing a company's financial records, including data management, analysis and consultation, creation of financial statements and ensuring regulatory compliance in their practices.
  • Who can use CCH iFirm Accounts Production?
    CCH iFirm Accounts Production is the perfect accounting software for firms of all sizes, traditional partnership firms, and firms with internal, regional, or major customer segments.  
  • What functionalities does CCH iFirm Accounts Production offer? 
    CCH iFirm Accounts Production offers functionalities such as integration with CCH iFirm Personal Tax, and validation alerts. Download the brochure to explore the solution’s full list of functionalities.  
  • What is cloud accounting? 
    While traditional accounting software is desktop-based—meaning it’s localised to each person’s computer—cloud accounting removes the desktop application and puts everyone on the same online system. Cloud accounting data can be accessed anywhere, the data is always up to date, and uses secure data encryption to prevent data loss—helping you remain compliant.
  • What are the benefits of switching to cloud accounting?
    Cloud accounting offers benefits such as lower costs compared to traditional on-premise accounting; automation of workflow processes; greater accessibility; and increased data security and integration. Cloud accounting enables your practice to optimise workflows and provide a better experience for both employees and clients.

Expert Insights for CCH iFirm Validate

View All Insights
What is open banking and how can it benefit accountants?
Open banking provides immutable security for accountants during audit and accounts preparation. In this blog we explore the benefits of open banking and blockchain, examples, why it's secure.

Learn more about what open banking and blockchain technology can do for you.
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eBook: How to make your audit and accounts preparation more efficient
Audit is an inefficient process, but what if it didn't have to be this way?
Remove inefficiencies from audit using open banking and blockchain. Swap manual work for automation and take bank confirmations from weeks to days.

Read the eBook to learn how open banking and blockchain can enable easy bank confirmations.
Download Now

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