PayShepherd Announces Completion of SOC 2 Type 2 Audit Certification
SOC 2 type 2 certification proves PayShepherd’s commitment to highest standards of security
Calgary, Alberta, Canada, Dec. 2, 2022 – PayShepherd Inc. (PayShepherd), leading technology provider in heavy industrial vendor relationship management with their contract assurance solution, is officially SOC 2 Type II certified. The proud milestone demonstrates PayShepherd’s dedication to building a safe and secure platform.
The successful SOC 2 externally audited report certifies PayShepherd meets security, availability, and confidentiality criteria. That alignment with AICPA trust services criteria continues PayShepherd’s promise to protect client and third-party data by maintaining excellence in the governance, controls, processes, and safeguards they employ.
As a cloud-based SaaS provider, PayShepherd assures client partners that the controls and frameworks are firmly in place to consistently secure data, control access to it, and guarantee transparency in service. Taking cybersecurity seriously, PayShepherd felt it imperative to hold verification that assures their clients they are following the strictest compliance requirements to protect their data.
"As cyber threats increase globally, heavy industry looks to their vendors to ensure that their confidential information and mission-critical systems are safeguarded,” said Wesley Sessenwein, CEO, PayShepherd Inc. “Today, I am proud to announce we’ve attained audited proof that PayShepherd is a worthy custodian and meets the SOC2 Type 2 gold standard, reinforcing our protection of client assets."
Developed by the American Institute of Certified Public Accountants (AICPA), System Organization Controls 2 (SOC 2) is a voluntary compliance standard for service organizations. Certification assures service providers are securely managing and protecting data, the interests of their enterprise clients, and the privacy of their customers. This certification attests to PayShepherd’s commitment to providing a trustworthy solution, including the services surrounding it.
About PayShepherd
PayShepherd is a cloud-based vendor relationship management solution and contract assurance technology, purpose-built for the heavy industry to transform relationships between facilities and vendors with daily visibility into their performance on spend and compliance.
It is the digital source of truth for vendor management, resulting in spend efficiency, process hygiene, compliance and ethics, proving return on investment in a matter of months. PayShepherd was founded in 2018, and is headquartered in Calgary, Canada with offices in Vancouver and Charlotte, North Carolina.
For more information about PayShepherd, visit: www.payshepherd.com
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