We’re excited to share some big news! 🎉
Visdum, your go-to SaaS Sales Commission Software, is delighted to announce that it has successfully achieved the SOC-2 Type-2 Certification, with the final audit report revealing no findings or remediation requirements.
This marks a significant step in our commitment to data security and customer trust.
But what does this mean for you, our valued users?
SOC 2 is an auditing procedure that the American Institute of CPAs (AICPA) developed to make sure a company complies with data security and privacy standards. For a software service like ours, which manages sensitive sales compensation data, meeting these standards is essential for maintaining your trust and our service reliability.
Our recent achievement of the SOC-2 Type 2 Certification is a key milestone. It's different from the Type 1 certification, which assesses security processes at a specific point in time. Type 2 goes further, evaluating the effectiveness of these controls over time, typically at least six months.
This achievement means we've not only established robust security protocols but also consistently applied and maintained these standards over time. The SOC 2 Type 2 Certification assures our clients that we prioritize and take the security and privacy of our users seriously. It assures you that our systems and processes protecting your data have been thoroughly and continuously tested against stringent security, availability, and confidentiality criteria.
We achieved SOC 2 certification through a detailed evaluation of our systems and processes, which included:
SOC 2 certification offers you, our users, several practical benefits:
We are not just proud of our SOC-2 Type 2 certification but also of our ISO 27001 certification, CCPA compliance, and GDPR certification. These achievements collectively reinforce our dedication to providing a secure and trustworthy service to all our users.
ISO 27001 is an international standard that sets out the specifications for an information security management system (ISMS). This certification demonstrates that Visdum has established a systematic and comprehensive approach to managing sensitive company and customer information.
It reflects our commitment to securing data against unauthorized access and ensuring confidentiality, integrity, and availability.
The California Consumer Privacy Act (CCPA) focuses on protecting the personal information of California residents. As a CCPA-compliant organization, Visdum ensures that the personal information of Californians is handled respectfully and transparently. We provide our users with the rights to know about, access, and delete their personal information, aligning with the principles of data privacy and user empowerment.
As a CCPA-compliant organization, we ensure the personal information of Californians is handled with respect and transparency, aligning with data privacy and user empowerment principles.
The General Data Protection Regulation (GDPR) is a stringent privacy and security law in the European Union. Being GDPR-certified signifies that Visdum adheres to the high standards set for data protection and privacy for individuals within the EU. This includes careful handling of personal data, respecting user consent, and maintaining transparency in data processing activities.
Together, these certifications and compliances make us not just a tool for managing sales commissions but a platform you can trust with your data. They enhance trust and confidence, ensure global compliance, and contribute to creating a secure environment for managing your sales commissions.
Achieving SOC 2 certification reflects our commitment to responsible data management and security. It's an important step in our journey, but not the last. We will continue to evaluate and enhance our systems to always meet the highest standards.
Interested in learning how we can transform your sales commission management with our secure and compliant SaaS solution? Reach out to us. Our team is ready to discuss how our blend of security, compliance, and efficiency can be tailored to your business needs.
SOC-2 Type 2 is an audit process that evaluates a SaaS company’s data security and privacy practices over a period, typically six months or more. It focuses on how effectively a company implements its security controls in day-to-day operations, ensuring consistent data protection.
While SOC-2 Type 1 assesses the adequacy of a company’s systems at a specific point in time, Type 2 extends this by evaluating the operational effectiveness of these systems over time. Type 2 provides a more comprehensive view of a company's ongoing commitment to data security.
For SaaS companies, SOC-2 Type 2 certification is crucial as it demonstrates a long-term, consistent commitment to data security and privacy. This certification builds trust with clients and is often a deciding factor for businesses when choosing a SaaS provider.
Clients benefit from SOC-2 Type 2 certification as it assures them that the SaaS provider they are working with maintains high security and privacy standards consistently. This reduces the risk of data breaches and ensures reliable protection of sensitive information.
Achieving SOC-2 Type 2 involves a series of steps, including a comprehensive review of security policies, implementation of controls, ongoing monitoring, and a detailed audit by an independent CPA. Companies must prove that their security practices are not only in place but are effectively followed over time.
The time frame for SOC-2 Type 2 certification varies but typically takes several months to a year. It involves an initial period of setting up and implementing security controls, followed by a monitoring period (usually at least six months) before the audit takes place.
SOC-2 Type 2 focuses on five key Trust Service Criteria: Security, Availability, Processing Integrity, Confidentiality, and Privacy. These criteria ensure that a company is handling data securely, making it available as agreed, processing it accurately, keeping it confidential, and respecting user privacy.
It’s recommended that a SaaS company undergoes the SOC-2 Type 2 audit annually to maintain the certification. This regular review ensures that the company continuously upholds and updates its security practices in line with evolving threats and standards.
Absolutely! For small SaaS startups, SOC-2 Type 2 certification can be a game-changer. It not only boosts credibility and trust among potential clients but also sets a strong foundation for security practices as the company grows.
SOC-2 Type 2 certification is not a legal requirement but is considered a best practice for SaaS companies, especially those handling sensitive data. It's often a requirement in business-to-business dealings and is crucial for building client trust and competitive advantage.