newport beach, ca [news release] – sureprep llc, a provider of tax outsourcing and workflow solutions, today announced it secured $3 million in funding from software entrepreneur sheldon razin. the funding will be used to introduce an onshore tax outsourcing service and a revolutionary new software application named 1040scan™.
scheduled for release in january 2007, sureprep says 1040scanâ„¢ will be the first application to enable accounting firms to scan data from client source (e.g., w-2s, 1099s, 1098s, k-1s, brokerage statements, organizer pages, etc.) directly into their tax software. the result will be significant reductions in data entry time and errors.
“this technology is going to revolutionize tax preparation and i am very excited to be a part of it,†said sheldon razin who has been and continues as a director of sureprep. mr. razin is no stranger to revolutionizing an industry. in 1974 he founded, and to this day remains the chairman and largest shareholder of, quality systems inc. (nasdaq: qsii), the leading provider of electronic medical records software, with a market capitalization in excess of $1 billion. mr. razin also provided seed funding to epace! software whose product epaceengagement (now called prosystem fx engagement), an early entrant in the paperless engagement movement that has been sweeping the industry.