Progress Software Unveils Powerful New ShareFile Features for Accountants to Automate Administrative Tasks and Deliver a Great Client Experience

Rhea-AI Summary

Progress Software (NASDAQ: PRGS) has announced major enhancements to its ShareFile platform, introducing AI-powered features designed specifically for accounting professionals. The updates include AI document insights, a client mobile app, and a unified client hub. These improvements can reduce tax engagement time by 4.25 hours and accelerate document insight extraction by 96%. Key features include a centralized client hub for managing information and projects, AI-powered document analysis capabilities, enhanced tax engagement workflows with bulk onboarding options, and a new mobile app for clients. The platform aims to help accounting firms overcome staffing shortages and increasing client expectations by automating administrative tasks and streamlining workflows.

Positive

• New AI capabilities can reduce tax engagement time by 4.25 hours and extract document insights 96% faster
• Strategic Treasurer reported saving over 1,000 hours annually using ShareFile's e-signature processes
• Platform consolidates multiple functions into a single product, reducing the need for fragmented tools
• New features enable firms to serve more clients without increasing headcount

Negative

• None.

Insights

Technology Industry Analyst

Progress Software's ShareFile enhancements deliver significant AI-powered productivity gains for accounting firms, strengthening their vertical market strategy.

Progress Software's latest enhancements to its ShareFile platform represent a strategic deepening of its vertical market approach in the accounting sector. The company has identified specific pain points—administrative burdens, client management inefficiencies, and document processing delays—and addressed them with targeted AI-powered solutions.

The quantified benefits are particularly compelling: reducing tax engagement time by 4.25 hours and accelerating document insight extraction by up to 96%. These metrics provide tangible ROI indicators that could drive adoption among accounting firms facing staffing shortages and increasing client demands.

Four key innovations stand out: a centralized client hub for unified information management, an AI document assistant that automates financial document analysis, enhanced tax workflows for bulk client onboarding, and a mobile client app to improve responsiveness. This comprehensive approach differentiates ShareFile from point solutions that address only fragments of the accounting workflow.

The timing of this announcement before AICPA ENGAGE 2025 demonstrates savvy go-to-market strategy, placing these innovations directly in front of their target audience. The customer testimonial from Numerical CPA adds practical validation, though it comes from a relatively small firm rather than a major industry player.

This release shows Progress Software executing effectively on the broader industry trend toward vertically-specialized SaaS offerings enhanced with practical AI capabilities. Rather than generic AI implementations, these features are purpose-built for accounting workflows, focusing on meaningful productivity gains rather than technology for its own sake.

AI-powered document insights, client mobile app and unified client hub help firms work faster and better

BURLINGTON, Mass., June 05, 2025 (GLOBE NEWSWIRE) -- Progress Software (Nasdaq: PRGS), the trusted provider of AI-powered digital experience and infrastructure software, today announced significant new enhancements to Progress® ShareFile®, its SaaS-native document-based collaboration and client workflow product. Designed for accounting professionals, these enhancements cut friction, elevate client interactions and give firms a competitive edge.

With staffing shortages and client expectations on the rise, many accounting firms are struggling to keep pace, especially when administrative burdens reduce time for strategic advisory services. The latest ShareFile product enhancements directly address these pressures by providing AI-powered document insights, centralizing client interactions, automating repetitive tasks and simplifying workflows. With these new AI-powered capabilities, accounting firms can cut up to 4.25 hours off each tax engagement and extract key insights from financial documents up to 96% faster—enabling them to serve more clients, more effectively, without increasing headcount.

“ShareFile is helping accounting professionals spend less time on administrative work and more time delivering value to their clients,” said Loren Jarrett, EVP & GM, Digital Experience, Progress Software. “For example, Strategic Treasurer has saved over 1,000 hours a year by consolidating their e-signature processes to ShareFile. From faster client onboarding to automated tax workflows, these features reflect our commitment to enabling firms to work smarter and better with AI-powered tools.”

These key enhancements provide:

• Streamlined client management: The new client hub (beta) provides a centralized view of client information, files, folders and projects—streamlining client management and simplifying day-to-day work. Whether managing a single client or an entire organization, firms gain quick access to the details they need to move work forward.
  
• Accelerated time to insights: Firms can bypass manual reviews of financial documents and focus on higher-level, revenue-driving work. The AI document assistant transforms lengthy documents into clear, actionable insights with just one click or question. Key details are extracted instantly, reducing time spent on document review and enhancing decision-making.
• Unified client interactions: Accounting firms can manage client tax engagements from start to finish within the ShareFile product. The upgraded income tax return solution now includes enhanced client onboarding workflows that allow firms to create multiple engagements in bulk to accelerate onboarding, making it easy to initiate service for numerous clients at once.
  
• Improved client response time: Available for both iOS and Android, the new ShareFile for Clients mobile app (beta) gives clients an easy, secure way to stay engaged on the go. Clients can view and complete tasks, upload and scan documents and track service status—all from their mobile devices. This helps improve responsiveness and keep engagements on schedule.
  
  

“I think the client hub is a really impressive tool—it genuinely makes things easier,” said Faisal Farah, Managing Director of Numerical CPA Professional Corporation. “Being able to see all client documents in one place and request what I need directly from there is a huge time-saver. It has the potential to be a very valuable part of our workflow.”

Unlike fragmented tools that only solve part of the problem, ShareFile brings together client touchpoints in a single product. With built-in AI-powered workflows, firms can analyze financial documents faster, reduce client turnaround times and eliminate manual follow-ups—freeing staff to focus on high-value, advisory work.

Progress will showcase the latest ShareFile product innovations at AICPA ENGAGE 2025, June 9–12, 2025, in Las Vegas. Attendees can experience hands-on demos and learn how thousands of accounting professionals are transforming their firms with the ShareFile product.

To learn more about ShareFile and its latest capabilities, visit the website.

About Progress Software
Progress Software (Nasdaq: PRGS) empowers organizations to achieve transformational success in the face of disruptive change. Our software enables our customers to develop, deploy and manage responsible AI-powered applications and digital experiences with agility and ease. Customers get a trusted provider in Progress, with the products, expertise and vision they need to succeed. Over 4 million developers and technologists at hundreds of thousands of enterprises depend on Progress. Learn more at www.progress.com.

Progress and ShareFile are trademarks or registered trademarks of Progress Software Corporation and/or one of its subsidiaries or affiliates in the U.S. and other countries. Any other trademarks contained herein are the property of their respective owners. 

Press Contacts:
Kim Baker
Progress Software
+1-800-477-6473
pr@progress.com

A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/10eb631f-a142-4eae-a9f9-7711bf4ea9ff

FAQ

What new features did Progress Software add to ShareFile for accountants?

Progress Software added AI-powered document insights, a client mobile app, a unified client hub, enhanced tax engagement workflows, and automated administrative tasks to ShareFile.

How much time can accounting firms save with Progress ShareFile's new features?

Firms can save up to 4.25 hours per tax engagement and extract key insights from financial documents up to 96% faster using ShareFile's new AI-powered capabilities.

What is the new ShareFile client hub feature?

The ShareFile client hub (beta) is a centralized dashboard that provides a unified view of client information, files, folders, and projects to streamline client management and simplify daily work.

Is the ShareFile mobile app available for both iOS and Android?

Yes, the new ShareFile for Clients mobile app is available for both iOS and Android platforms, allowing clients to view tasks, upload documents, and track service status on the go.

How many hours did Strategic Treasurer save using ShareFile?

Strategic Treasurer saved over 1,000 hours per year by consolidating their e-signature processes to ShareFile.