SUNNYVALE, CALIF – December 20, 2004 – Interwoven, Inc. (Nasdaq: IWOV), provider of Enterprise Content Management (ECM) solutions for business, today announced that Frank Rimerman & Co LLP has selected the Interwoven Accounting solution as the foundation for its firm-wide initiative to consolidate client work-product and correspondence into an easily accessible, intuitive and traceable document management system.  Interwoven’s Accounting solution is based on Interwoven WorkSite 8 software which allows users to manage both e-mails and documents using applications with which they are already familiar, enabling quick user adoption and immediate productivity gains.

 “E-mail has become a principal means of communication between our staff and clients which drove us to seek an ECM vendor that understood the importance of consolidating and managing e-mail correspondence and work papers to the accounting business,” said Bryan Polster, managing partner at Frank, Rimerman & Co. “Interwoven proved to be top on both accounts and we look forward to building a lasting partnership.”

With Interwoven WorkSite, Frank Rimerman accountants can simply drag and drop documents and e-mails within the applications they already use, namely Microsoft Office, Outlook and via Web browsers.  As a result, the staff will be able to unify all of their content and correspondence in one central repository for easy and secure access from anywhere at anytime – streamlining work, cutting operation costs and minimizing risk throughout the firm.  Additionally, correspondence and documents associated with any engagement can be quickly located for review and incorporation of best-practices for future client engagements.

“Managing the e-mail explosion became one of our top IT challenges this year,” said Andrew Wyatt, partner in Frank, Rimerman’s business systems consulting practice. “Not only will Interwoven’s e-mail management help our staff work more effectively and provide a single access point for both documents and related e-mails, but it will also give us a more complete internal audit trail.”

The centralized repository will allow the firm to have a readily accessible, complete picture of the entire communication stream between the firm and the client.  “Trying to get a complete view of client communications prior to WorkSite was a monumental task,” commented Wyatt.

WorkSite will also provide Frank, Rimerman & Co.’s partners and accounting professionals with rapid, quick-click client or engagement level visibility from anywhere at anytime, without requiring significant changes to the way they prefer to work.  “Another selling point for us was that Interwoven’s superior integration with Microsoft Outlook would mean that our accountants could still work they way they are used to working,” said Wyatt. “It was gratifying to hear from a top 100 accounting firm like Frank, Rimerman & Co. that one of the reasons we were selected over the competition was that we demonstrated an understanding of the business challenges specific to the accounting industry,” said Dan Carmel, vice president and general manager, legal and professional services solutions at Interwoven.

WorkSite for Accounting Firms

Interwoven WorkSite streamlines work, cuts operation costs and reduces risk to help accounting firms expedite client service, maintain financial growth and retain talent. 

• WorkSite addresses the needs of today’s accounting firms including: Consolidating all client or engagement e-mails, documents, scans and working papers in a single, searchable and accessible repository
• Managing multiple versions of documents and securing content throughout its lifecycle
• Regulating and controlling static records retention and deletion practices
• Delivering powerful, scalable functionality with little to no learning curve

Frank, Rimerman & Co. LLP is the largest locally-owned provider of accounting and consulting services in California.  Individual clients include executive officers, venture capitalists, corporate founders in Silicon Valley and their families.  The firm provides tax and estate planning, asset protection planning, risk management, and investment analysis services to these individuals and family groups. Frank, Rimerman’s corporate clients include private, closely-held and smaller public companies in the high technology, manufacturing, professional service and general commercial industries.  Services to these clients include tax planning, entity structure consulting, technical accounting, financial reporting and business advisory services such as business valuation and internal control compliance consulting.  Frank, Rimerman & Co. has offices in Palo Alto, San Francisco and San Jose.  For more information visit www.frankrimerman.com.