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Technology Solutions

Richey May Technology Solutions provides the full spectrum of transformative solutions for your business.

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Business Advisory

Specializing in Mergers & Acquisitions, management reporting and operational improvements for you business.

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Technology Solutions

Richey May Technology Solutions provides the full spectrum of transformative solutions for your business.

Learn More

Business Advisory

Specializing in Mergers & Acquisitions, management reporting and operational improvements for you business.

Learn More

Contact Us

Richey May Headquarters
9605 S. Kingston Ct. Suite 200
Englewood, CO 80112
Directions
303-721-6232

Question or comments?  Click here to fill out our inquiry form.

Technology Solutions

 

Richey May Technology Solutions provides the full spectrum of transformative solutions for your business.

Learn More

Business Advisory

Specializing in Mergers & Acquisitions, management reporting and operational improvements for you business.

Learn More

Technology Solutions

 

Richey May Technology Solutions provides the full spectrum of transformative solutions for your business.

Learn More

Business Advisory

Specializing in Mergers & Acquisitions, management reporting and operational improvements for you business.

Learn More

Contact Us

Richey May Headquarters
9605 S. Kingston Ct. Suite 200
Englewood, CO 80112
Directions
303-721-6232

Question or comments?  Click here to fill out our inquiry form.

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Richey May Headquarters
9605 S. Kingston Ct. Suite 200
Englewood, CO 80112
Directions
303-721-6232
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SOC Audit Services for Vendors from Industry Experts

Articles by: Richey May, Apr 09, 2020

Vendors for service financial service companies have been under increasing scrutiny to prove their ability to protect customer data, ensure financial accuracy for the services they provide and the continuity of business operations.

A SOC report provides vendors with a framework for identifying risks related to the services they provide and communicating to their customers the status of their security and business continuity practices and as business process controls. Our SOC Audit Team leverages industry experience in the analysis of existing processes and can provide recommendations on process enhancements that reduce risk to the vendor and the customer experience.

As lenders become more concerned about security, it’s likely they will expect a SOC Report from vendors so they can ensure any customer data you have access to will be protected and that your business uses a solid methodology to ensure financial accuracy.

There are multiple types of SOC reports available. Below is a handy chart to help you decide which report type you may need.

In the coming months, it’s important that businesses focus on their processes and services. As business continuity plans activate, companies that have completed the SOC process may find they have more actionable information to direct IT and project resources than those that haven’t. In addition, a SOC report can help build trust with increasingly security-minded customers.

Learn more and get started with us today.