Vision360 Enterprise, SOC I & SOC II Type II Audited Accounts Payable Automation
In this increasingly digital business landscape never before has security, privacy and data protection been more important. Before a company hands over the keys to its vital information it must gain comfort that its partner is trustworthy, secure, and operating according to industry requirements. A SOC report is just that, the “trusted handshake” between service providers and their clients.
The SOC 1 & SOC 2 Type II (Service Organization Control) Audit attests to BlueCreek Software’s high level of security and compliance for Vision360 Enterprise with regulatory standards, distinguishing them as a leader in the AP Automation market and in solutions that customers can trust.
Vision360 Enterprise is a leading cloud based AP Automation platform which helps organizations of all sizes and industries to remove paper from processes, eliminate the wasted time caused by manual invoice processing, as well as reducing costs associated with inefficiencies within financial departments. Vision360 Enterprise with its capabilities of automating the processing (routing, approving, coding, matching and posting) of supplier invoices as well as, purchase order requisitions, check requests, payment processing and electronic expense reports. Organizations can further leverage their ERP investments by now connecting their AP processes via the Vision360 platform, with their ERP financial system.
The SOC 1 & SOC 2 Type II Audit Report confirms the internal controls within an organization and evaluates the organization’s ability to achieve their stated control objectives. Based on Trust Services Principles, the SOC 1 & SOC 2 Type II Report focuses on evaluating an organization’s non-financial reporting controls, including those related to security and availability.
What is a SOC 1 Report?
Also known as the Statement on Standards for Attestation Engagements (SSAE) 18, the SOC 1 report focuses on a service organization’s controls that are likely to be relevant to an audit of a user entity’s (customer’s) financial statements. Control objectives are related to both business process and information technology. A SOC 1 – Type I audit report focuses on a description of a service organization’s control and the suitability of how those controls are designed to achieve the control objectives as of a specified dates. A SOC 1 –Type II audit report contains the same opinions as a Type I, but it adds an opinion on the operating effectiveness to achieve related control objectives throughout a specified period
What is a SOC 2 Report?
The SOC 2 report addresses a service organization’s controls that relate to operations and compliance, as outlined by the AICPA’s Trust Services criteria in relation to availability, security, processing integrity, confidentiality and privacy. A service organization may choose a SOC 2 report that focuses on any one or all five Trust Service principles and may choose either a Type I or a Type II audit. A SOC 2 report includes a detailed description of the service auditor’s test of controls and results. The use of BlueCreek Software's report is generally restricted to the risk management teams of clients and potential clients of BlueCreek Software.
Vision360 Enterprise Powered by BlueCreek Software is a proven and trusted Accounts Payable Automation platform that generates tremendous savings to organizations by eliminating paper based processes, streamlining the routing, coding, matching and posting of supplier invoices. Lastly by connecting the Accounts Payable process with an organization’s ERP systems this eliminates the need for manual data entry by AP Staff.
For more information, please visit https://www.bluecreeksoftware.com or call 603-437-1400.
In this increasingly digital business landscape never before has security, privacy and data protection been more important. Before a company hands over the keys to its vital information it must gain comfort that its partner is trustworthy, secure, and operating according to industry requirements. A SOC report is just that, the “trusted handshake” between service providers and their clients.
The SOC 1 & SOC 2 Type II (Service Organization Control) Audit attests to BlueCreek Software’s high level of security and compliance for Vision360 Enterprise with regulatory standards, distinguishing them as a leader in the AP Automation market and in solutions that customers can trust.
Vision360 Enterprise is a leading cloud based AP Automation platform which helps organizations of all sizes and industries to remove paper from processes, eliminate the wasted time caused by manual invoice processing, as well as reducing costs associated with inefficiencies within financial departments. Vision360 Enterprise with its capabilities of automating the processing (routing, approving, coding, matching and posting) of supplier invoices as well as, purchase order requisitions, check requests, payment processing and electronic expense reports. Organizations can further leverage their ERP investments by now connecting their AP processes via the Vision360 platform, with their ERP financial system.
The SOC 1 & SOC 2 Type II Audit Report confirms the internal controls within an organization and evaluates the organization’s ability to achieve their stated control objectives. Based on Trust Services Principles, the SOC 1 & SOC 2 Type II Report focuses on evaluating an organization’s non-financial reporting controls, including those related to security and availability.
What is a SOC 1 Report?
Also known as the Statement on Standards for Attestation Engagements (SSAE) 18, the SOC 1 report focuses on a service organization’s controls that are likely to be relevant to an audit of a user entity’s (customer’s) financial statements. Control objectives are related to both business process and information technology. A SOC 1 – Type I audit report focuses on a description of a service organization’s control and the suitability of how those controls are designed to achieve the control objectives as of a specified dates. A SOC 1 –Type II audit report contains the same opinions as a Type I, but it adds an opinion on the operating effectiveness to achieve related control objectives throughout a specified period
What is a SOC 2 Report?
The SOC 2 report addresses a service organization’s controls that relate to operations and compliance, as outlined by the AICPA’s Trust Services criteria in relation to availability, security, processing integrity, confidentiality and privacy. A service organization may choose a SOC 2 report that focuses on any one or all five Trust Service principles and may choose either a Type I or a Type II audit. A SOC 2 report includes a detailed description of the service auditor’s test of controls and results. The use of BlueCreek Software's report is generally restricted to the risk management teams of clients and potential clients of BlueCreek Software.
Vision360 Enterprise Powered by BlueCreek Software is a proven and trusted Accounts Payable Automation platform that generates tremendous savings to organizations by eliminating paper based processes, streamlining the routing, coding, matching and posting of supplier invoices. Lastly by connecting the Accounts Payable process with an organization’s ERP systems this eliminates the need for manual data entry by AP Staff.
For more information, please visit https://www.bluecreeksoftware.com or call 603-437-1400.
