The SOC 1 report achievement is a meaningful confirmation that DataServ’s processes fully support our clients’ financial reporting needs.
St. Louis, MO (PRWEB) January 09, 2013
DataServ, the global SaaS provider of cloud-based document and process workflow automation solutions used in the accounts payable, accounts receivable and human resources functions, has successfully met the requirements for the Service Organization Control (SOC) 1 report. Meeting the requirements for the SOC 1 report provides clients with an independent verification of DataServ’s ability to successfully manage and safeguard the financial and business information entrusted to them by clients.
Developed and managed by the American Institute of Certified Public Accountants (AICPA), the SOC 1 reports “are examination engagements undertaken by a service auditor to report on controls at an organization that provides services to user entities when those controls are likely to be relevant to user entities’ internal controls over financial reporting.”
To achieve the SOC 1 report designation, DataServ underwent a thorough audit by an independent CPA examining the systems used to process client data, including the security, availability, and processing integrity of the systems. The audit also reviewed the confidentiality and privacy of the information processed by the systems. DataServ’s designation is a Type 2, which not only reviews the organization’s system and design suitability, but also the operating effectiveness of controls.
DataServ CTO Dave Berndt says, “With most of our clients, the controls we maintain are relevant to their internal controls regarding financial reporting. That means that DataServ’s processes and security must be of the highest integrity so that clients can have complete confidence in our – and in turn their – reporting. The SOC 1 report achievement is a meaningful confirmation that DataServ’s processes fully support our clients’ financial reporting needs.”
St. Louis-based DataServ is a global SaaS provider of document and process workflow automation solutions for the financial operations and human resources functions. A Cloud Computing pioneer, they developed the first commercially viable Enterprise Content Management (ECM) SaaS in the world. Serving organizations worldwide since 1994, DataServ streamlines and lowers costs within Accounts Payable via their Purchase-to-Pay (P2P) solution set (including Travel & Expense Report Automation (T&E) and Purchase Order Requisition Automation), Accounts Receivable with Quote-to-Cash (Q2C), and Human Resources through Hire-to-Retire (H2R) by capturing documents and data and automating business processes.
For more information about a DataServ P2P, Q2C or H2R SaaS solution, visit DataServ.us or call 877.700.DATA (3282).