Simplex Mobility leader in providing telecom expense management, is pleased to announce that it has successfully completed the Service Organization Control (SOC) 2 Type 1 audit. The audit was conducted by KPMG, a nationally recognized CPA firm. This is a significant achievement, requiring a substantial financial and internal resource commitment, that positions Simplex very well with large corporations and government bodies who require SOC2 compliance in order to do business with them. It is also a significant 3rd party validation of Simplex's internal and external processes highlighting Simplex's high level operational execution.
“Obtaining the SOC 2 Type 1 certification reinforces Simplex's ongoing commitment to the security, availability, and processing integrity of Simplex's Myserve platform,” says Sean Harris, COO at Simplex. “Our clients can feel very confident that we are making every investment to establish and maintain the highest level of security and compliance.”
System Organization Control (SOC2) is a technical auditing process conducted by independent auditors who measure the availability, security, and integrity of an organization’s unique data processing systems, and determine whether effective safeguards and controls are in place. To comply with SOC2, Simplex demonstrated it had established rigorous policies and procedures in accordance with the Trust Services Criteria for security, availability and confidentiality. Additionally, the report verifies the existence of internal controls which have been designed and implemented to meet the requirements for the security principles. This independent validation of security controls is crucial for organizations operating in highly regulated industries such as financial services.
Simplex CEO Taylor Phillips stated: “The significance of this accomplishment cannot be understated as we have dedicated hundreds of hours over the last 9 months in efforts to ensure a successful outcome.
Passing the SOC 2 audit gives us a distinct competitive edge as we can assure our current and various pilots and prospect customers in our pipeline that we have taken all steps necessary to keep their data safe, thereby protecting them from potential data breaches.
The SOC2 certification is a crucial component in securing government and enterprise contracts. The certification is also timely as we support Bell and other channel partners.
Until now we have been ineligible to participate in various RFP’s (Request For Proposals) and as a result we have lost out on many large scale projects due to the lack of possessing the SOC2 compliance and certification. The SOC2 certification will now enable us to pursue such organizations as the Federal and Provincial Governments, Crown Corporations, Credit Unions, Banks, Credit Card Companies, Insurance Companies, and Merchant Payment and Finance Companies.
