DS News

DS News Jan 2023

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31 Follow Us At: @DSNewsDaily Industry Updates EXCELERAS RECEIVES FIRST SOC 2 CERTIFICATION Exceleras, a provider of software solutions to accelerate property disposition, has announced that the company has received its first American Institute of Certified Public Accountants (AIC- PA) Service Organization Control 2 (SOC 2) Type 2 Report. SOC 2 is a compliance standard for service organizations that replaced SAS 70 in 2011 and is the result of an audit by a third-party audit firm. "Going through this complex process was all about demonstrating to our existing and future clients that we will invest as required to earn and keep their trust," said Tom Simon, Exeleras' CEO. "Our SOC 2 certification sent our tech- nologists and our team back through every aspect of our software platform and our business. It was time-consuming work that required us to focus not only on how we have built and now deliver our industry-leading tools, but how we run our entire organization." SOC 2 was designed to focus on the criteria by which organizations should manage customer data. e certification requires auditors to find evidence of five trust service principles: security, privacy, confidentiality, processing integrity and availability. rough these criteria, the reports attest to the trustworthiness of services offered by an enterprise. "I'm very proud of how we work together as a team to deliver this achievement," Simon added. "Compliance is not about an audit or an event, it's a way of doing business. We believe the certifica- tion process has made us a better organization." Simon says that the new SOC 2 compliance reports show that Exceleras understands the importance of cybersecurity and is committed to managing client data effectively. "Over the years, Exceleras has clearly demon- strated to our clients that our software can meet their ever-changing needs," said Aljumaat Amil- hasan, CIO and Chief Compliance Officer at Exceleras. "Now, with an independent third-party SOC 2 audit and report, we can provide even more evidence that our software and services are secure, reliable, and always available. eir con- fidential data and mission critical processes are strongly protected against a wide range of threats, allowing them to keep their focus on delivering value to their clients."

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