Troy, MI (PRWEB) May 09, 2012
Billhighway, foremost provider of cloud-based financial management solutions for nonprofit organizations, announces the delivery of data security and safety through BillhighwaySAFE technology and infrastructure.
Over 3,500 non-profit organizations benefit from Billhighway’s proprietary, state-of-the-art technology which ensure that financial data is protected 24 hours a day, 365 days a year. Continuous monitoring, advanced encryption technology, independent verification, and other technologies ensure safe, secure transactions. Nonprofit organizations enjoy a level of safety, continuity and security that is impossible to match on their own.
As part of this commitment, Billhighway successfully completed a Type II examination under Statement on Standards for Attestation Engagements No. 16 (SSAE 16), which is consistent with the International Standard on Assurance Engagements, Assurance Reports on Controls at a Service Organization (ISAE 3402).
“When it comes to processing accounting, payments and online banking financial data for nonprofits, security is non-negotiable. Our clients demand the highest degree of safety, security and recoverability,” said Billhighway founder and CEO Vince Thomas. "The SSAE 16 examination adds to the already comprehensive list of BillhighwaySAFE features, including PCI compliance, McAfee Secure, Verified by Visa, MasterCard Secure Code, and VeriSign Secure.”
About SSAE 16
SSAE 16 is an internationally recognized reporting standard developed by the American Institute of Certified Public Accountants (AICPA) for reporting on controls at a service organization which are relevant to user entities’ internal control over financial reporting.
A service organization is considered to have successfully completed an SSAE 16 Type II attestation when an independent service auditor issues an unqualified opinion after obtaining assurance that (i) the description of controls fairly presents the system that was designed and implemented during the period under review, (ii) the controls were suitably designed throughout the period, and (iii) the controls tested operated effectively throughout the period under review.
This examination was performed by UHY LLP in Michigan, one of the leading firms of independent service auditors for such examinations.
Billhighway is the foremost cloud-based financial management system designed for nonprofit organizations that combines accounting, payment processing, and online banking solutions in one application, providing straight-through financial processing. We help nonprofits and member-based associations improve their financial health, increase their operational efficiency, and reduce their risk of fraud – making it possible for them to accomplish more with fewer resources so they can focus on advancing their mission. Over 3,500 nonprofits trust Billhighway to seamlessly manage $5 billion in transactions with world-class customer service and industry-leading data security. http://www.billhighway.com