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Progress ShareFile Selected as the Latest Addition to the American Institute of CPAs (AICPA) Member Discount Program, Offering Benefits for AICPA Members

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Progress (PRGS) announced a partnership with the American Institute of CPAs (AICPA), making Progress® ShareFile® the exclusive document workflow and secure file-sharing solution in AICPA's Member Discount Program. ShareFile, an AI-powered document-centric collaboration platform, offers AICPA members features including workflow streamlining, standardized tax preparation processes, and enhanced client experience through a centralized portal.

The platform provides native e-signature capabilities, knowledge-based authentication, and automated reminders to improve operational efficiency. Through this partnership, AICPA members gain access to secure workflow technology that can enhance their operations and improve client experience, regardless of firm size.

Progress (PRGS) ha annunciato una partnership con il American Institute of CPAs (AICPA), rendendo Progress® ShareFile® l'esclusiva soluzione di gestione documentale e condivisione sicura dei file nel Programma di Sconti per i Membri dell'AICPA. ShareFile, una piattaforma di collaborazione documentale alimentata da intelligenza artificiale, offre ai membri AICPA funzionalità tra cui semplificazione dei flussi di lavoro, processi standardizzati per la preparazione delle tasse e un'esperienza cliente migliorata attraverso un portale centralizzato.

La piattaforma fornisce capacità di firma elettronica nativa, autenticazione basata su conoscenze e promemoria automatizzati per migliorare l'efficienza operativa. Grazie a questa partnership, i membri dell'AICPA hanno accesso a tecnologia di flusso di lavoro sicura che può migliorare le loro operazioni e l'esperienza cliente, indipendentemente dalle dimensioni dello studio.

Progress (PRGS) anunció una asociación con el American Institute of CPAs (AICPA), convirtiendo a Progress® ShareFile® en la solución exclusiva de gestión documental y compartición segura de archivos en el Programa de Descuentos para Miembros de AICPA. ShareFile, una plataforma de colaboración centrada en documentos impulsada por inteligencia artificial, ofrece a los miembros de AICPA características que incluyen la optimización de flujos de trabajo, procesos estandarizados para la preparación de impuestos y una experiencia del cliente mejorada a través de un portal centralizado.

La plataforma proporciona capacidades de firma electrónica nativa, autenticación basada en conocimiento y recordatorios automatizados para mejorar la eficiencia operativa. A través de esta asociación, los miembros de AICPA obtienen acceso a tecnología de flujo de trabajo segura que puede mejorar sus operaciones y la experiencia del cliente, sin importar el tamaño de la firma.

Progress (PRGS)American Institute of CPAs (AICPA)와 파트너십을 발표하여 Progress® ShareFile®을 AICPA 회원 할인 프로그램의 독점 문서 워크플로우 및 안전한 파일 공유 솔루션으로 만들었습니다. ShareFile은 인공지능 기반의 문서 중심 협업 플랫폼으로 AICPA 회원에게 워크플로우 간소화, 표준화된 세금 준비 프로세스 및 중앙 포털을 통한 향상된 고객 경험 등을 제공합니다.

이 플랫폼은 기본 전자 서명 기능, 지식 기반 인증 및 운영 효율성을 향상시키기 위한 자동화된 알림 기능을 제공합니다. 이 파트너십을 통해 AICPA 회원들은 신뢰할 수 있는 워크플로우 기술에 접근하여 운영과 고객 경험을 개선할 수 있으며, 회사 규모에 관계없이 가능합니다.

Progress (PRGS) a annoncé un partenariat avec l'American Institute of CPAs (AICPA), faisant de Progress® ShareFile® la solution exclusive de gestion documentaire et de partage de fichiers sécurisé dans le Programme de Réductions pour Membres de l'AICPA. ShareFile, une plateforme de collaboration centrée sur les documents alimentée par l'intelligence artificielle, offre aux membres de l'AICPA des fonctionnalités telles que l'optimisation des flux de travail, des processus de préparation fiscale standardisés et une expérience client améliorée via un portail centralisé.

La plateforme fournit des capacités de signature électronique natives, une authentification basée sur des connaissances et des rappels automatisés pour améliorer l'efficacité opérationnelle. Grâce à ce partenariat, les membres de l'AICPA ont accès à une technologie de flux de travail sécurisée pouvant améliorer leurs opérations et l'expérience client, quel que soit la taille du cabinet.

Progress (PRGS) hat eine Partnerschaft mit dem American Institute of CPAs (AICPA) angekündigt, wodurch Progress® ShareFile® zur exklusiven Dokumenten-Workflow- und sicheren Dateiübertragungslösung im Mitgliederrabattprogramm der AICPA wird. ShareFile ist eine KI-gesteuerte, dokumentenorientierte Kollaborationsplattform, die AICPA-Mitgliedern Funktionen wie die Optimierung von Arbeitsabläufen, standardisierte Steuererstellungsprozesse und eine verbesserte Kundenerfahrung über ein zentrales Portal bietet.

Die Plattform bietet nativ integrierte elektronische Signaturfunktionen, wissensbasierte Authentifizierung und automatisierte Erinnerungen zur Verbesserung der Betriebseffizienz. Durch diese Partnerschaft erhalten AICPA-Mitglieder Zugang zu sicherer Workflow-Technologie, die ihre Abläufe verbessern und die Kundenerfahrung unabhängig von der Größe der Kanzlei optimieren kann.

Positive
  • Exclusive partnership with AICPA, the world's largest CPA association, providing access to a vast professional network
  • ShareFile becomes the only document workflow solution in AICPA's Member Discount Program, securing a competitive advantage
  • Potential revenue growth through increased exposure to AICPA's member base
Negative
  • None.

Insights

The AICPA partnership, while appearing promising on the surface, represents a modest revenue opportunity relative to Progress Software's $2.86B market cap. The deal's key value lies in its strategic positioning rather than immediate financial impact. ShareFile's exclusive position as the sole AI-powered document solution in AICPA's program grants access to a significant professional network, but member adoption rates and revenue conversion remain uncertain.

The accounting software market's competitive landscape is intensifying, with established players like DocuSign and Dropbox offering similar solutions. While ShareFile's AI capabilities provide differentiation, the discount program model typically generates lower margins than direct sales. The partnership's true potential depends on ShareFile's ability to convert AICPA's 400,000+ members into paying customers and leverage the association's credibility for broader market penetration.

ShareFile becomes the only AI-powered, document workflow and secure file sharing solution in AICPA’s Member Discount Program

BURLINGTON, Mass., Dec. 19, 2024 (GLOBE NEWSWIRE) -- Progress (Nasdaq: PRGS), the trusted provider of AI-powered digital experiences and infrastructure software, today announced its partnership with the American Institute of CPAs (AICPA), the world’s largest member association representing the CPA profession. Progress® ShareFile®, the SaaS-native, AI-powered, document-centric collaboration platform, becomes the only document workflow and secure file-sharing solution in the AICPA Member Discount Program.

“AICPA’s leadership in advancing the accounting profession is unparalleled, and we are thrilled that they have selected ShareFile to be part of their program, to offer CPAs access to our collaboration and secure file sharing technology,” said Loren Jarrett, EVP & GM, Digital Experience, Progress. “We are proud to work with the AICPA to empower accounting and finance professionals with the leading ShareFile platform for streamlining document workflows, elevating client experiences and document sharing with enhanced security.”

With ShareFile, AICPA members can:

  • Streamline workflows: Simplify document-heavy tasks like PBC (prepared-by-client) lists, client onboarding and tax preparation with features like native e-signature and knowledge-based authentication.
  • Standardize the tax prep process: Simplify the entire client engagement process with ready-to-use workflows.
  • Increase efficiency: Minimize app switching and enable employees to focus on client services.
  • Enhance the client experience: Provide a user-friendly portal to centralize document requests and communications.
  • Save time: Use automated reminders to keep projects on track and reduce administrative overhead.

“ShareFile, now part of Progress, has consistently demonstrated a deep understanding of the unique challenges faced by accounting professionals,” said Todd Cooper, Director, Channels at CPA.com, the technology and business subsidiary of the AICPA. “We are excited to connect AICPA members with a secure workflow technology that can enable their firm, regardless of size, enhance their operations and improve the client experience.”

The ShareFile AI-powered, document-centric collaboration platform enables customers to deliver more efficient and effective client and team collaboration, while simplifying the sharing of documents and prioritizing security.

The AICPA Member Discount Program offers savings on products and services that members use daily, both personally and professionally. To learn more about ShareFile and its benefits for AICPA members, click here.

About Progress
Progress (Nasdaq: PRGS) empowers organizations to achieve transformational success in the face of disruptive change. Our software enables our customers to develop, deploy and manage responsible AI-powered applications and digital experiences with agility and ease. Customers get a trusted provider in Progress, with the products, expertise and vision they need to succeed. Over 4 million developers and technologists at hundreds of thousands of enterprises depend on Progress. Learn more at www.progress.com.

Progress and ShareFile are trademarks or registered trademarks of Progress Software Corporation and/or one of its subsidiaries or affiliates in the U.S. and other countries. Any other trademarks contained herein are the property of their respective owners.

Press Contacts:
Kim Baker
Progress
+1-800-477-6473
pr@progress.com


FAQ

What benefits does Progress ShareFile (PRGS) offer to AICPA members?

Progress ShareFile offers AICPA members workflow streamlining, standardized tax preparation processes, native e-signature capabilities, knowledge-based authentication, automated reminders, and a centralized client portal for document sharing and communication.

How does the Progress (PRGS) partnership with AICPA benefit accounting firms?

The partnership provides accounting firms with access to ShareFile's secure workflow technology, enabling improved operational efficiency, streamlined document management, and enhanced client experience, regardless of firm size.

What makes Progress ShareFile (PRGS) unique in the AICPA Member Discount Program?

ShareFile is the only AI-powered document workflow and secure file-sharing solution available in the AICPA Member Discount Program, offering exclusive document-centric collaboration capabilities.

What specific workflow features does Progress ShareFile (PRGS) provide for tax preparation?

ShareFile provides features for PBC (prepared-by-client) lists, client onboarding, tax preparation workflows, native e-signature capabilities, and automated reminders to keep projects on track.

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