IWMS Provider AMTdirect Completes SAS 70 Type II Audit
AMTdirect, a pioneer in providing real estate management and lease management software solutions, recently received SAS 70 Type II certification for their data centers and internal controls around protecting customer data.
Charlotte, NC (PRWEB) March 6, 2008 -- AMTdirect, a pioneer in providing real estate management and lease management software solutions, recently received SAS 70 Type II certification for their data centers and internal controls around protecting customer data.
AMTdirect received certification after strenuous third-party testing of its application hosting services and internal controls. The certification verifies that client data is stored in a safe, technical and physical environment and that AMTdirect's processes ensure the data's ongoing safety.
"With the completion of the SAS 70 Type II audit, AMTdirect is demonstrating our market leadership and commitment to maintaining the necessary security measures to support our customer's Sarbanes--Oxley (SOX) initiatives," said Daniel Schubert, CCO of AMTdirect. "The independent auditors have now confirmed what our clients have experienced for years - information technology practices that exceed industry standards."
AMTdirect is among a growing number of software-as-a-service (SaaS) companies that are now able to offer the physical security and internal controls needed to fully support SOX compliance initiatives for their customers.
"The ability for an on-demand IWMS (integrated workplace management system) to surpass the rigorous tests of a SAS 70 Type II Audit assures organizations that a SaaS environment provides a more reliable and cost-effective solution for managing your real estate assets, said Scott Schubert," CEO of AMTdirect. "AMTdirect's data centers have a strong record of better than a 99.9 percent uptime and can offer stronger fail-over and recovery processes than most in-house data centers."
SAS 70 is an internationally recognized auditing standard designed to enable an independent auditor to evaluate and issue an opinion on a service organization's controls. A SAS 70 Type II audit includes procedures similar to a Type 1 audit, but also includes an opinion on the operating effectiveness of the controls during a period of time. Companies undergoing an SAS 70 Type II audit are committed to providing clients with information on the effectiveness of their controls throughout the year.
SAS 70 Background
SAS 70 is the recognized benchmark developed by the American Institute of Certified Public Accountants (AICPA) to help companies disclose their control activities and processes to their customers and their customers' auditors in a uniform reporting format. The successful completion of this audit validates high industry standards and business processes for AMTdirect which include: physical security, internal controls, and information security.
About AMTdirect
Founded in 1996, AMTdirect has been a pioneer in real estate software solutions that help companies improve cash flow, increase overall financial performance and enhance the life-cycle management of real estate assets. Provided in a SaaS (Software as a Service) environment, AMTdirect's complete real estate solution offers software, abstracting and consultancy services that enable enterprises to ACTIVELY manage their real estate assets, intelligently and efficiently. Feature capabilities include Lease Management, Facilities Management, Real Estate Accounting, and Project Management. Typical cost savings are achieved through operational optimizations, balancing return on assets, streamlining location management and reducing corporate risk by handling regulatory compliance requirements such as Sarbanes Oxley.
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