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Siftsort.com Sees New User Adoption Up 422%.

What we do is very relevant in the COVID world we live in. And the numbers prove it.

Siftsort helps you to securely organize and share highly-sensitive documents with family or trusted professionals. Founded by former Goldman Sachs technology executives, our goal is to provide a simple and secure way to share sensitive files.

That might sound simple. And it is to some extent. But sharing sensitive documents in regulated environments (e.g. banks, financial advisory firms, accounting firms, healthcare) is anything but simple. Large scale data breaches can cost millions of dollars in fines and ruin the reputation of the business. It’s these regulations and the potential penalties that may be incurred, which makes the simplest of tasks (sending an email) more complex.

We designed our platforms to help close the gap on compliance and cybersecurity risk so that you can share the content you need to from anywhere, even in a complex (regulated) environment.

Our retail platform

A turn-key solution designed for consumers and small or medium size businesses to seamlessly and securely share sensitive files, when needed. Ideal for personal use or for professionals; such as accountants, lawyers and financial advisors working in teams.

Our enterprise solution

A fully-integrated solution that provides clients a compliant way to organize and share important documents with their Financial Advisors or trusted third-parties, directly from any institutional client portal.

How the COVID pandemic changed the work environment and increased the compliance risk.

When the global lock down occurred, firms had make adjustments to have staff work from home. Again for most employees, managing email and voicemails from the comforts of their home wasn’t so much an issue. But, this in and of itself creates compliance risks for large institutions such as a bank or private wealth management firm. Servicing clients outside the firm, where the in-house compliance system may or may not be able to monitor employee activities raised red flags.

Employees who interact with clients on a day-to-day basis might need to share sensitive files. This sounds easy to the everyday employee. But in a regulated environment, there are restrictions in place on what types of documents can be shared and how. Large firms spend millions of dollars on infrastructure to ensure the majority of their employees have some sort of remote access to the firm. But, there are still challenges for employees who interact with clients from their home. Especially when the only client facing tool might be the company website or a client portal. An integrated secure messaging and document vault platform can help to mitigate these risks when servicing client needs.

Our solutions compliment the tools that are already in place to help professionals interact with clients in a compliant way. More professionals and clients are interacting and sharing sensitive files on our enterprise platforms which are embedded at Fortune 100 financial institutions.

422% increase of new Users in Q1-2021 vs. Q4-2020.
315% increase of new Users compared to the same period last year.
Q1-2021 had generated more new Users than all of 2020.

It should be no wonder that tax season is always busy for us with Professionals and Clients sharing sensitive files back and forth. But during the pandemic, those interactions grew exponentially. And the numbers prove it.

Siftsort.com Obtains Patent For Highly Secure Platform Which Helps Consumers and Professionals Securely Organize, Access and Share Important Documents.

Siftsort.com Obtains Patent For Highly Secure Platform Which Helps Consumers and Professionals Securely Organize, Access and Share Important Documents.

United States Patent and Trademark Office Publishes U.S. Patent No. 9,280,670

NEW YORK, March 29, 2016 – Siftsort.com announced today that they have received a patent grant by the United States Patent and Trademark Office for their secure platform that helps people organize important documents and share them with family or trusted professionals. The USPTO published U.S. Patent No. 9,280,670 on March 8, 2016.

“We are very excited”, says Darren Conte, founder and CEO. “We have worked hard over the years to enhance our platform to make it highly secure and we are proud of the unique way that we have developed our system”, says Conte.

Siftsort makes it easy for consumers to organize and secure important documents like wills, trusts and medical records so that they can be shared when needed. Siftsort also released a professional version for small and medium size businesses to help them securely connect to clients and share files using similar technology that big enterprise firms use including secure messaging and soon to be released e-notarization functionality, included in the patent.

Siftsort for Professionals (www.siftsort.com) helps advisors, CPAs, lawyers and agents to safely organize client files in a secure web platform. Professionals can quickly and easily organize the most sensitive information within minutes and securely collaborate with clients.

Siftsort for Personal (www.siftsort.com) is a free platform that helps people organize important family documents such as identification, medical records and financial statements in their own secure vault. They can then securely share files and collaborate with family or trusted professionals.

Both platforms seamlessly connect to securely share content and collaborate without using unsecured email or third-party file sharing programs. It even audits the activity between each party.

“It’s a simple, turn-key solution that addresses the needs of any professional office. How to share sensitive information without having to worry about violating HIPAA, PCI or other privacy issues,” says Conte.

The founders are former Goldman Sachs & Co. technology executives who spent their careers developing and implementing large-scale applications that supported different areas of the firm including Equities, Fixed Income and Commodities and Global Operations. Siftsort private-labels their platforms to Fortune 100 institutions such as banks, private wealth management firms and trust companies and have been selected as the vendor of choice because they understand the highly regulated environments that these organizations operate in. “The legal and compliance hurdles are complicated but we have been recognized for our experience to securely connect external clients to an enterprise firm”, says Conte.

About Siftsort.com

Siftsort.com is an innovative software company that helps people securely organize, access and share what’s important to them. The founders have comprehensive expertise creating leading web technology and secure document management tools for the financial services sector in accordance with New York Stock Exchange, Financial Industry Regulatory Authority and Securities and Exchange Commission regulations.

Contact
Karine Adalian
karine.adalian@siftsort.com

What Happens When Siftsortpro.com is Combined with Siftsort.com?

Friday Case Study: One of the ways professionals are using Siftsortpro.com is to work with their clients in a way that is secure, but simplifies all their lives and their work flow.

Instead of logging in to several different accounts, there is one secure login that allows the professional to securely share documents, store documents, chat and email with clients, allows them to send emails to all their clients at the same time, share information individually, and so on.

For example, an accountant sending our their year-end tax organizer can send out an email to all clients, saying “watch for an upcoming email with their individual tax organizer, print it out, put in a folder and then as year-end statements come in, put the statements in the folder and have it all together for a quick time to review and fill out.’

As mentioned in an earlier blog post, one CPA firm did this and saved over $50,000/year, allowing the employees to spend their time with clients instead of shuffling paper.

Then, they can send the individual tax planner to each individually either from a secure folder (if the client is a Siftsort.com user), or by sending a secure link to each client (if not using Siftsort.com).

Alternatively, they can even avoid the trouble of the paper files and if they are used to getting online statements form their bank, investment accounts and whatever else, they can upload to their individual Siftsort.com account and share that set of documents with their accountant. Then using the chat function, they can communicate with their tax professional in a secure environment instantly.

All of this is within a secure environment. When the two platforms are used with each other, the data and transmission of files never leaves our environment, or exposing itself to the Internet. Files are securely transferred from within our environment (server-to-server). As also mentioned in previous blog post, customers can be so happy, they refer other clients, family and friends. If you are a professional advisor, isn’t that the kind of ringing endorsement you want?

Advisors Can Help Clients Get (and Stay) Organized

Some people have been audited more than once. We all know its a scary thing. A friend of mine had her first, which was a “practice audit”.

She had shredded most of her older financial data, and in January 2003, she had to recreate almost everything from scratch for the audit year. This was because the auditor, who was on his second-ever IRS audit, was looking at everything since there wasn’t a specific problem. Needless to say, this was a tedious, time-consuming, and an unnecessarily stressful experience to have to gather everything again.

Financial advisors and accountants can help their clients get (and stay) organized by asking them to set up a FREE Siftsort.com account to securely organize information regarding their financial data, healthcare, tax-deductible receipts, vehicles and business expenses, dependents and more. This would also help them be ready for tax season or an audit, keeping records easily accessible to help get the maximum tax benefits available.

In the case of my friend, she had to go back to a three banks to get the data on 7 bank accounts for the audit. Plus, she had to pay the banks for all of the copies on top of that.

Now, electronic banking and bill payment simplifies all of that, but keep in mind most banks do not keep online statements for more than 3 years, making you pay a retrieval fee for statements in the later years. Unless you are still getting printed statements, you have no choice but to pay the fees.

With their advisor using a Siftsortpro.com account, they and their clients–using their personal, secure Siftsort.com account–can collaborate securely when making tax or financial decisions, whether through email, chat, fax…anywhere in the world.

Instead of keeping paper copies that can get lost or pile up in files, clients can forward the information to their Siftsort.com account, categorize it in a way that makes sense and easily be able to access the information when needed. Simplifying your life.