Order.co Achieves High Standards in Data Security
Order.co is making waves in the world of B2B ecommerce by ensuring that its customers' data remains secure. This commitment to data security is highlighted by the company’s recent completion of a System and Organization Controls (SOC) 2 examination, where a CPA's report confirmed that Order.co effectively maintains high standards of control over security, availability, processing integrity, confidentiality, and privacy.
Confidence in Data Security and Customer Assurance
According to Glenn Veil, the Vice President of Engineering at Order.co, the results of the SOC 2 report underscore their priority on data security. "We’re pleased that our SOC 2 report has shown we have the appropriate controls in place to mitigate security risks," Glenn stated. This milestone is meant to give customers and partners confidence as they engage with Order.co's platform.
Understanding SOC 2 Reports
A SOC 2 report serves as crucial assurance for both current and prospective customers. It details the effectiveness of a company’s controls when handling sensitive information. The examination was conducted by BARR Advisory, P.A., a highly regarded cybersecurity consulting firm that assists organizations in building trust through compliance.
Security Measures Highlighted
The report specifically affirms that Order.co has structured controls corresponding to the trust services criteria developed by the American Institute of CPAs (AICPA). This includes significant attention to the following areas:
- Security: Protecting systems against unauthorized access is essential.
- Availability: Ensuring that the systems are reliable and accessible as needed.
- Processing Integrity: Guaranteeing that the processing of system data is complete, valid, accurate, and timely.
- Confidentiality: Safeguarding sensitive information as promised.
- Privacy: Handling personal information carefully to meet established objectives.
This comprehensive approach effectively addresses the questions and needs of potential customers contemplating the use of outsourced services.
How Order.co Simplifies Business Transactions
Beyond just security, Order.co is focused on streamlining business purchasing through automation and efficiency. By merging the simplicity of online shopping with sophisticated purchase order and accounts payable (AP) automation, they help businesses optimize costs and minimize complexity with every transaction.
Gaining Trust and Savings
Numerous leading companies, such as WeWork and Hugo Boss, trust Order.co for centralizing their purchase-to-pay workflows. With active use of the platform, businesses can scale operations effectively while maintaining total control over their spending, achieving an average reduction of 5% on products purchased.
Continuing Commitment to Innovation
Founded in 2016 and based in New York City, Order.co has attracted significant investment, raising $50M from notable investors. This funding empowers them to innovate continuously and enhance the services provided to their clientele.
About BARR Advisory
BARR Advisory specializes in security and compliance solutions tailored for cloud environments. As a trusted partner to numerous fast-growing companies, BARR supports businesses through the complexities of regulatory compliance, ensuring they meet rigorous standards across various industries.
Media Contact
For further inquiries, media representatives can reach:
Allison Reich
Senior Manager of Brand, Content & Enablement
Allison.reich@order.co
Frequently Asked Questions
What is the SOC 2 report?
The SOC 2 report assesses the controls and effectiveness in place for data security, confidentiality, and processing integrity of a service provider.
Who conducted the SOC 2 examination for Order.co?
The examination was conducted by BARR Advisory, specializing in cybersecurity and compliance.
Why is the SOC 2 report important for customers?
This report gives customers assurance regarding the security and management of their data, which is critical for trust.
What industries can benefit from Order.co's services?
Order.co primarily serves B2B businesses looking to streamline purchasing processes and gain control over their spending.
How does Order.co ensure data security?
Order.co employs multiple controls addressing security, confidentiality, processing integrity, and availability to protect customer data.
