Using
dBpoweramp software, one can be able to rip fast and accurate audio CD that supports ripping to multiple encoders. If you want to rip your CDs to FLAC for archiving and to MP3 for use on an iPod or smartphone, dbPoweramp can rip to both encoders at the same time.
This program is easy to use and saves time, besides it gives you the extra option to select multiple file formats and rip at the same time. Take a look at this video and try it.
http://www.youtube.com/v/xM8jT7-uN9A