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Securing Trust: Precoro Achieves Full Compliance with the SOC 2 Standards
In the ongoing commitment to maintain the highest data security and privacy for our customers, Precoro has obtained an SOC 2 Type II report with all 5 Trust Service Criteria met. Read what this means for our customers.
At Precoro, we understand the importance of data security and privacy in today's digital landscape. As a SaaS provider trusted by more than 1000 companies around the world, our responsibility extends beyond offering procurement process solutions; we do our utmost to ensure the protection of our customers' information. It is with this understanding and commitment that we undertook the rigorous process of the SOC 2 Type II audit.
Precoro is now fully compliant with the American Institute of Certified Public Accountants (AICPA) Trust Service Criteria for security, availability, processing integrity, confidentiality, and privacy, as verified by an external audit and the issuance of an SOC 2 Type II report. Read on to learn more about SOC 2 and what our compliance with its criteria means for our customers.
What is SOC 2 Type 2?
SOC 2, or Service Organization Control 2, is an auditing procedure developed by the AICPA that evaluates the extent to which a service organization manages customer data. Unlike SOC 2 Type I, which evaluates the design of an organization's controls at a specific point in time, SOC 2 Type II goes further by assessing the operational effectiveness of these controls over a defined period.
The audit focuses on an organization's systems and processes in relation to the Trust Service Criteria. Precoro covered all five of them: security, availability, processing integrity, confidentiality, and privacy. The SOC 2 Type II report provides an in-depth analysis of how effectively an organization's controls are designed and how consistently they operate, offering stakeholders peace of mind regarding the organization's management of data.
Achieving full compliance with the SOC 2 Type II requirements signifies that an organization not only has robust and reliable controls in place but also that these controls are effectively managed and executed over time.
What This Means for Our Customers
For customers, Precoro's compliance with AICPA Trust Service Criteria means that their data is managed securely and in accordance with established protocols for privacy and confidentiality. If you’d like to learn more about Precoro's security and data privacy practices, please refer to this page.
Looking Forward
Precoro's commitment to security and privacy continues unabated with the successful completion of the SOC 2 Type II audit. We remain dedicated to constantly updating and refining our security practices and procedures, and we strive to maintain the highest level of data protection for our customers.
