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Capsifi Achieves SOC 2 Type 2 Compliance
(SYDNEY, Australia, May 5th, 2022) – Capsifi announced today that it meets the Service Organization Controls (SOC 2) compliance standards, the gold standard of data protection. With the help of Drata and Grant Thornton, we can monitor our controls and maintain continuous compliance. To meet SOC 2 audit requirements, Capsifi has implemented specific document policies, processes, procedures, and systems. Because of these actions, Capsifi can provide independent audit reports to its customers who use the company’s SaaS offering, showing that their sensitive data is protected. They show the controls that are monitored to assure the overall security of facilities, IT systems, and the end-to-end value chain, including vendors.
“The operations of SaaS and cloud service providers can affect their customers’ operations and their regulatory requirements,” explained Terry Roach, CEO. “These customers want to know that their service providers have adequate controls that are designed appropriately and operating effectively.“
Cloud computing opened the door to new data security risks. As more IT operations move from within companies to outside via SaaS options, enterprises in many industries, such as healthcare and finance, that must comply with regulations to protect sensitive data, look to their service providers to provide proof that they are doing the same. A SOC 2 audit offers that assurance.
“Today, SOC 2 Type II compliance is essential for SaaS providers; it demonstrates professionalism and a commitment to high standards,” Roach continued. “With our SOC 2 audit reports, we can assure our customers that we meet the most demanding requirements for the security, availability, and confidentiality of their information.“
SOC 2 audits focus on controls relevant to the Trust Service Principals of SOC (security, availability, and confidentiality). The SOC 2 Type 1 report provides information on the suitability of the design of controls. The SOC 2 Type II report also describes the operating effectiveness of these controls; it is the most comprehensive report.
Capsifi is a leading provider of software for business model innovation. Capsifi’s digital business platform, Jalapeno, supports planning and managing a business transformation from conception to execution. We help customers optimize their agility & business performance, establishing the business model as a dynamic, interactive, and enduring business asset.
Underpinned by an integrated semantic meta-model, Jalapeno enables traceability and alignment of business knowledge to provide a complete line of sight from strategy to delivery.
Founded in 2013, our company and product around the core philosophy of placing customers at the heart of everything we do. This principle continues to guide our vision, imagination, and innovation in our offerings to ensure we deliver the highest value to our customers by meeting their needs and providing a stellar experience.
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