SmartVault Wins CPA Technology Advisor’s Tax & Accounting Technology Innovation Award

LOS ANGELES, CA – June 2, 2009 – At the California Accounting & Business Show and Conference, SmartVault, a leading Software-as-a-Service provider of document management solutions designed for QuickBooks, announced its document management product, SmartVault, was honored with a Technology Innovation Award from The CPA Technology Advisor. This is the second honor for SmartVault; in early 2009 SmartVault was voted top QuickBooks Paperless solution by readers of The CPA Technology Advisor.

“We are honored that SmartVault was recognized by The CPA Technology Advisor as one of the most innovative products serving the accounting profession,” said Eric Pulaski, founder and CEO, SmartVault. “This award once again validates our ongoing commitment to provide accounting professionals with a unique, cost-effective and easy to use document management solution.”

SmartVault released a new version of its software in May 2009 that integrates document management into the client bookkeeping workflow process, allowing those responsible for bookkeeping the ability to handle more clients in less time, offer enhanced client services, and enable both the practice and the client the easiest way to go paperless.

The Innovation Awards are sponsored by The CPA Technology Advisor to recognize innovative developments in technologies that benefit the tax and accounting profession, as well as significant advancements in existing technologies. The awards were announced by M. Darren Root, CPA, CITP, Executive Editor of The CPA Technology Advisor, at the 2009 California Accounting & Business Show. The Awards were also announced live via Twitter (www.Twitter.com/cpatechadvisor).

“This is the first year that online technologies have won all five Innovation Awards, a noteworthy feat that clearly demonstrates the continued growth and acceptance of SaaS applications and other web-based systems by tax and accounting professionals,” Root said. “This year’s winners also span the spectrum of professional services, from small business document management and payables solutions, to professional tax and accounting research, tax process automation and electronic confirmations. This shows the strength of the technology market for tax and accounting firms, and that there are abundant choices for these professionals.”