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HOW WE COMPARE

How SmartVault Compares to Drake Documents

Drake Documents is an afterthought in Drake’s tax software suite, falling short in providing the comprehensive and compliant document management tools modern accounting firms need.

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The Hidden Costs of Drake Documents

While Drake Documents may seem like a viable option, many firms discover hidden costs that impact their efficiency and growth.

Inflexible system:

Limited integration options restrict your firm's ability to customize workflows and force you into disjointed systems.

Constrained growth:

No unlimited cloud storage or client capacity, potentially forcing difficult decisions as your firm scales.

Limited functionality for lots of $$$:

Crucial features like eSignature are add-ons, and the system lacks major features accountants need.

The Advantages of Using SmartVault

SmartVault addresses the limitations of Drake Documents and offers a comprehensive solution tailored for modern accounting firms.

Flexible and scalable:

Ability to link multiple clients, unlimited cloud storage, and seamless integrations with multiple tax prep systems allow your firm to grow without constraints.

Enhanced collaboration:

Real-time staff collaboration, custom request docs, and a custom-branded client portal improve efficiency and client satisfaction.

Comprehensive client engagement tools:

Custom fillable PDF forms and engagement letters, coupled with integrated eSignature and modern source doc requests, streamline client interactions.

Feature by Feature Comparison:

SmartVault vs. Drake Documents

To help you make an informed decision, we’ve compiled a detailed comparison of SmartVault and Drake Documents.

This table highlights the key features that differentiate these solutions:

Client Intake Form

Pricing Engine & Quoting

Engagement Letters w/ eSignature

Accept Payment

Bulk send engagement letters

Create engagement letter templates

Auto creation of clients upon signed engagement

Customizable client organizer/questionnaire

Auto-filing of client information

Secure document collection

Client Portal Included

Print and auto-file into DMS

Link multiple clients into 1 vault

OCR of Scanned Documents

Customizable Folder Structures

Integration with multiple Tax Systems

PDF to Print Functionality

eSignature for 8878/8879 forms

Custom branded portal

Real-Time staff collaboration

Unlimited Cloud Storage

Unlimited Clients

Unlimited Guest Users

SOC 2 Type 2 Compliant

Mobile Access

SmartVault is a comprehensive platform designed specifically for accounting professionals:

Unmatched Reliability

SmartVault maintains near 100% uptime even during the busiest tax seasons. This reliability is crucial for maintaining productivity and meeting client deadlines.

Intuitive User Interface

SmartVault offers an easy-to-use platform that requires minimal training. This allows firms to onboard new staff and clients quickly.

Comprehensive Support

SmartVault provides extensive training and support, ensuring you can maximize the platform’s potential.

Scalability and Flexibility

SmartVault offers unlimited cloud storage and client capacity, allowing your firm to grow without constraints.

Streamlined Workflows

SmartVault’s integrated features, from client intake to eSignature and document management, create a seamless workflow that saves time and reduces errors. SmartVault offers a complete end-to-end solution without the need for multiple modules.

Enhanced Security and Compliance

With SOC 2 Type 2 Compliance and support for IRS standards, FTC Safeguards, FINRA, SEC, and GLBA regulations, SmartVault ensures your sensitive client data is protected while supporting compliance with regulations.

True Partnership

SmartVault is more than just a software provider – we’re a partner in your firm’s success. Our commitment to your growth and efficiency, coupled with our accounting industry focus, sets us apart from competitors like Drake Documents.