Suralink Introduces the CPA Industry's First Fully Integrated Request-to-Test Solution, Redefining the Future of Client Collaboration
Article content
SALT LAKE CITY — Suralink, the leading client collaboration platform for accountants, today unveiled the industry's first fully-integrated Request-to-Test solution with the launch of its new product Workpaper Suite and a collection of new AI automation and collaboration capabilities called Assessment Hub. These new products are the first in a wave of innovations Suralink will be releasing as the company focuses on addressing the Client Readiness Gap, the primary challenge impacting accounting firms and their clients today.
Article content
Article content
Suralink's Workpaper Suite is seamlessly connected with the company's industry-leading Request List Management solution, and brings the power of Suralink's cloud platform and collaboration capabilities directly into desktop Excel. Workpaper Suite provides a full range of automated testing and document matching capabilities, and goes beyond legacy add-in tools to boost productivity, enhance security, and strengthen client collaboration through every step of the engagement process:
Article content
Automated document syncing between requests and workpapers, enabling workpapers to always have the latest client-provided information.
Seamless collaboration with clients via pinned comments that can be created directly within Excel-based workpapers.
Cloud-based document storage so that Excel files don't crash, aren't downloaded onto desktops, and don't need to be manually deleted within each workpaper at the end of an engagement.
AI-powered document analysis that enables faster document review and testing.
Article content
'For years, accounting firms have struggled with inefficiencies in the engagement process that have steadily eroded profitability and the client experience,' said Evan Fitzpatrick, CEO of Suralink. 'With Workpaper Suite and our fully-integrated Request-to-Test solution, we're closing these critical gaps while also setting a new standard for efficiency and collaboration—for firms and their clients. The launch of Workpaper Suite is just the first mile marker on a larger, innovative product roadmap we look forward to delivering.'
Article content
'These solutions are a game-changer,' said Steve Devich, CIO at Rea & Associates. 'Having our PBC solution connected with our workpaper preparation will not only help us make engagements more efficient, but will also allow us to collaborate with our clients in a more secure, connected way.'
Article content
Early research shows firms have the potential to reduce the number of hours to complete an engagement by at least 25% and increase realization rates by 15 percentage points by using Suralink's fully-integrated Request-to-Test solution.
Article content
Alongside the launch of Workpaper Suite, Suralink also announced the launch of Assessment Hub, a new collection of capabilities within its flagship Request List Management product, which includes:
Article content
Quick navigation file preview. Quickly preview and search files without downloading them. Users can instantly filter for newly uploaded documents, search and highlight matched text, and navigate across requests, all in a single, streamlined view.
Pinned comments for smarter collaboration. Add comments and tag firm or client users directly on documents, whether they're PDFs, spreadsheets, or images.
AI-powered 'ask anything' search. Quickly search documents using natural language queries to locate details like invoice numbers or contract terms. AI highlights the exact source, eliminating the need to read through every page.
Enhanced user interface. Firm and client users can now enjoy an even more intuitive design that further improves upon Suralink's market-leading ease of use while preserving all the core functionality.
Article content
Workpaper Suite and Assessment Hub are currently in early access and will be available for firms to start using in the next few weeks. To learn more about Workpaper Suite, visit suralink.com/workpaper-suite. For more information about Suralink, visit suralink.com.
Article content
Suralink is the leading client collaboration platform for today's accountants and is dedicated to addressing the Client Readiness Gap. Suralink's secure platform centralizes request and document management, enables workpaper preparation and review, improves visibility and accountability, and ensures teams and clients stay aligned and collaborative throughout engagement progress.
Article content
Article content
Article content
Article content
Article content
Contacts
Article content
Article content
Article content
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Globe and Mail
2 hours ago
- Globe and Mail
Want $1 Million in Retirement? Invest $100,000 in These 3 Stocks and Wait a Decade
The right stocks can turbocharge your stock portfolio and set you up for a comfortable retirement. However, there are nuances to investing in growing companies. Sure, a home run stock can make you a millionaire on its own. However, if it were easy, there would be many more millionaires. The hit rate is low, so investors are usually better off looking for proven winners that still have plenty of life left in them. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Learn More » The world's largest technology companies are driving ongoing growth trends, including e-commerce, digital advertising, and cloud computing. These same companies could also benefit from upcoming opportunities in artificial intelligence (AI). Investing $100,000 into each of these "Magnificent Seven" stocks as part of a diversified portfolio could yield a million dollars a decade from now. Here are their names, and why they could make you serious money well into the future. 1. Amazon E-commerce is Amazon 's (NASDAQ: AMZN) core business, and the carrot that draws consumers into its Prime membership and ecosystem. However, Amazon is just as much a technology company as any. It operates the world's leading cloud platform, Amazon Web Services, which holds an estimated 30% share of the global cloud infrastructure market. AWS is Amazon's cash cow, contributing over half of the company's total operating income despite representing just a fraction of its total revenue. That's especially important, given that AI is arguably the most prominent growth trend of the upcoming decade. AI, like most modern software, primarily runs on the cloud. AI applications are already driving significant growth for cloud capacity, prompting Amazon and other cloud companies to invest billions of dollars in building data centers to handle the load. Amazon's valuation, a PEG ratio of 2, is reasonable for its estimated 17% long-term earnings growth. In other words, the stock's investment returns should reflect that growth over time. If so, cloud tailwinds from AI should boost Amazon's most profitable business and could more than double earnings and the stock over the next decade. 2. Alphabet (Google) Most investors know Alphabet (NASDAQ: GOOGL)(NASDAQ: GOOG) for Google Search, but it's a diversified tech giant. It owns YouTube, Android smartphone software, and Google Chrome, develops AI software and quantum computers, and continues to expand Waymo, a ride-hailing service using self-driving vehicles. Its massive size and broad reach make it highly likely that Alphabet will compete in AI and the opportunities it creates over the coming decade. Wall Street anticipates Alphabet growing its earnings by an average of 15% annually over the long term, despite some fears that AI chatbots could disrupt Google Search, Alphabet's core business. Investors shouldn't dismiss this risk, but fear has priced the stock at a compelling PEG ratio of 1.3, assuming the company meets Wall Street's growth estimates. If it does, investors could eventually see returns exceed Alphabet's growth if sentiment rebounds and drives the valuation higher. Alphabet's anticipated double-digit growth and depressed valuation make it a candidate for substantial returns over the next decade. 3. Meta Platforms Last but not least is Meta Platforms (NASDAQ: META), the parent company of social media apps such as Facebook, Instagram, WhatsApp, and Threads. The company is immensely profitable, generating $50 billion in free cash flow over the past four quarters from ads shown to the 3.43 billion people who use Meta's social apps each day. Meta Platforms still has firm long-term leadership; CEO and co-founder Mark Zuckerberg is still only 41 years old. He has been pushing the company toward AI for several years, using AI technology to optimize its core advertising business, and launching an open-sourced AI model with over a billion downloads, and is working to establish Meta Platforms as a key player in next-generation consumer electronics. Meta Platforms has rallied and is up significantly over the past few years. Yet the stock's PEG ratio (1.5) remains attractive for prospective investors, and Meta's estimated long-term earnings growth rate of 18% suggests there is enough upside for the stock to double or more over the coming decade. Meta Platforms must still monetize more of its AI projects, but if successful, investors will be glad they have this company in their portfolio over the next decade. Should you invest $1,000 in Amazon right now? Before you buy stock in Amazon, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Amazon wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor 's total average return is792% — a market-crushing outperformance compared to173%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. *Stock Advisor returns as of June 9, 2025 Suzanne Frey, an executive at Alphabet, is a member of The Motley Fool's board of directors. Randi Zuckerberg, a former director of market development and spokeswoman for Facebook and sister to Meta Platforms CEO Mark Zuckerberg, is a member of The Motley Fool's board of directors. John Mackey, former CEO of Whole Foods Market, an Amazon subsidiary, is a member of The Motley Fool's board of directors. Justin Pope has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Alphabet, Amazon, and Meta Platforms. The Motley Fool has a disclosure policy.
Globe and Mail
3 hours ago
- Globe and Mail
Could Buying Tesla Stock Today Set You Up for Life?
For many investors, buying Tesla (NASDAQ: TSLA) has already set them up for life, but will that be true for anyone newly buying into the stock now? Here's a look at what you need to know before buying the stock. Understanding the investment thesis for Tesla stock Tesla is an unusual stock, known to most investors primarily as the leading electric vehicle (EV) company, but that isn't the primary value driver of the stock. Indeed, if you look at Tesla solely as a car company, you would likely avoid the stock. Let's put it this way: Tesla currently trades at a price-to-earnings multiple of 192, compared to single-digit multiples at car companies like Ford Motor Company and General Motors. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » The valuation discrepancy doesn't stem from Tesla's superior profit margins or its leading position in the electric vehicle market. Instead, it comes down to Tesla being able to do something that rival car companies haven't yet done or have abandoned trying to do: launch a robotaxi service. General Motors has already abandoned robotaxi development, and Ford (which had planned to have a robotaxi service in place by 2021) ended its investment (alongside Volkswagen) in robotaxi company Argo AI in 2022. Volkswagen plans to launch its robotaxi service in 2026. So, if Tesla's valuation isn't justified in terms of being a highly successful electric vehicle company, then how should it be viewed? The following key points apply, and they make Tesla a highly attractive stock for the speculative end of your portfolio: The value in Tesla lies in its robotaxi business; this is not purely a car company stock, or even an electric vehicle stock, and its valuation reflects that. The reliance on robotaxi/full self-driving (FSD) makes it a speculative growth stock. Tesla's installed base of vehicles gives it significant advantages over Waymo and others. Tesla is not your average speculative growth stock; it holds significant advantages over typical growth stocks. Why robotaxis matter and why Tesla isn't your average growth stock The robotaxi concept and the FSD that powers it are potentially a huge earnings driver for Tesla. One of Tesla's most vocal and visible supporters, Cathie Wood's Ark Invest, which expected a valuation of $2,600 per share for Tesla in 2029, relies on a model that prescribes 88% of the company's value from robotaxis, compared to just 9% from EVs. The opportunity to earn recurring revenue from selling unsupervised FSD subscriptions to Tesla owners wanting to use their vehicles as robotaxis is massive, as is the potential to generate recurring revenue on a ride-per-mile basis from robotaxis. Moreover, Tesla plans to mass-produce its dedicated robotaxi vehicle, Cybercab, next year. A speculative growth stock That said, the robotaxi launch hasn't even taken place yet (it's scheduled for June 12 in Austin), and it will only be on a small scale initially. As such, Tesla is a speculative growth stock, an observation that suggests Tesla stock should be filed on a long list of highly speculative investments to consider on a rainy day. Why Tesla deserves a place in a balanced portfolio However, there are differences -- in fact, many differences -- between Tesla and typical growth stocks. First, speculative growth stocks are usually not established leaders in the core business that underpins their growth. The Model Y is not only the best-selling electric vehicle (EV) in the world, but it's also the best-selling car in the world. In other words, Tesla already has a compelling brand and is the market leader in the growth area of the auto market. Second, this is not a struggling small-cap stock desperately trying to establish brand recognition and promote its new technology to a sceptical marketplace. Waymo has offered a robotaxi service since 2018, and there is little doubt that consumers want to use robotaxis. Third, Tesla isn't a growth stock struggling with its finances and seeking a larger partner to invest, which would dilute existing shareholders' claims on future cash flows. A quick look at its most recent balance sheet reveals $37 billion in cash and equivalents, alongside $7.5 billion in debt and finance leases, resulting in a net cash position of $29.5 billion. Finally, Tesla's position as a cost-effective automaker with the capacity and scale to ramp up production and the vehicles on the road means it can produce robotaxis (whether Cybercab or existing Tesla models) to support growth, and it has a vast bank of data from Tesla vehicles to use to improve its FSD capability. All told, Tesla is speculative because its robotaxis haven't even been launched yet, there's a lot more certainty around the company than in most growth stocks. That makes it worth buying for the risk-seeking end of a portfolio. Don't miss this second chance at a potentially lucrative opportunity Ever feel like you missed the boat in buying the most successful stocks? Then you'll want to hear this. On rare occasions, our expert team of analysts issues a 'Double Down' stock recommendation for companies that they think are about to pop. If you're worried you've already missed your chance to invest, now is the best time to buy before it's too late. And the numbers speak for themselves: Nvidia: if you invested $1,000 when we doubled down in 2009, you'd have $367,516!* Apple: if you invested $1,000 when we doubled down in 2008, you'd have $38,712!* Netflix: if you invested $1,000 when we doubled down in 2004, you'd have $669,517!* Right now, we're issuing 'Double Down' alerts for three incredible companies, available when you join Stock Advisor, and there may not be another chance like this anytime soon. See the 3 stocks » *Stock Advisor returns as of June 2, 2025
Globe and Mail
3 hours ago
- Globe and Mail
Newsmax Stock: A Cautionary Tale for IPO Investors?
Initial public offerings (IPOs) can get a lot of attention from the press and investors. This is the first time the public can buy shares in a company, and the share price can move up or down quickly. Newsmax (NYSE: NMAX) completed its IPO at the end of March. In the company's short life as a public company, the share price has been on a wild ride. Where to invest $1,000 right now? Our analyst team just revealed what they believe are the 10 best stocks to buy right now. Continue » It's good to take a look at the events and glean lessons. Perhaps it can even serve as a cautionary tale for the next flashy IPO that captures people's attention. Ignore the hype Newmax's IPO raised $75 million by selling 7.5 million shares at $10. However, most investors weren't able to purchase shares at that price. On the stock's first day of trading, the share price shot up to close at $83.51. The following day, April Fool's Day, the shares closed at $233. There's no reliable way to predict short-term share price movements, however. Those who feared missing out and jumped in at these elevated prices have seen a massive downslide. The share price closed at $16.19 on June 5. A key lesson is not to buy into a stock's hype merely because the price has gone up a lot. Focus on the fundamentals Granted, it's not easy to ignore the hype and massive price movements. However, the best investing strategy is to look at the business and assess its long-term prospects. A media company, Newsmax generated more than three-quarters of its revenue from its broadcasting business. This includes cable channels and a streaming service that produces news and other content. Newsmax has a history of producing losses, however. Last year, the company lost $72.2 million compared to losses of $30.4 million and $41.8 million in 2022 and 2023, respectively. The wider losses came despite revenue increasing from $35.7 million to $171 million during this time. The company reported first-quarter results in May that showed a $17.2 million loss. Granted, it's heading in the right direction since that's narrower than the $50.7 million loss a year ago. While it's positive to produce revenue gains, profitability is what counts. When looking at newly public companies, ideally, investors should see them operating in the black. That's particularly true for Newsmax given it faces large and well-entrenched competitors. Some basic math Newsmax currently has a $1.5 billion market capitalization. However, when the stock price reached $233, its market cap was about $21 billion. That might not mean much in isolation. But putting the figure into context could send a warning signal. Since the company doesn't report a profit, investors can't use the price-to-earnings (P/E) ratio. However, you can look at price-to-sales (P/S). Newmax's 2024 sales were $171 million in 2024. Dividing the $21 billion market cap by the sales figure equals a P/S multiple of 122 after its second day of trading. The company's revenue grew by 26% in 2024, but that valuation still seems excessive. The shares currently trade at a P/S ratio of 9. The Russell 2000 index, which encompasses small capitalization stocks, typically has a P/S ratio of about 1 to 2. There should be a compelling reason why a stock has a so much higher valuation than the benchmark index. Remember the lessons It's natural to forget about unpleasant experiences. But you need to remember so you can learn and become better-educated investors. The next time you hear about a high-flying IPO, think about Newsmax and whether people are making short-term trades or investing because they believe the company has strong long-term fundamentals. After all, it's wise to think about investing as a marathon rather than a sprint. Should you invest $1,000 in Newsmax right now? Before you buy stock in Newsmax, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the 10 best stocks for investors to buy now… and Newsmax wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $669,517!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $868,615!* Now, it's worth noting Stock Advisor 's total average return is792% — a market-crushing outperformance compared to173%for the S&P 500. Don't miss out on the latest top 10 list, available when you join Stock Advisor. See the 10 stocks » *Stock Advisor returns as of June 9, 2025
