Asset Compliance Solutions (ACS), a leader in asset-based lending and lease finance solutions, has secured the prestigious SOC-2 Type 2 certification, solidifying their commitment to client data security. This achievement surpasses their previous SOC-2 Type 1, offering clients independent verification of ACS’s robust security practices.
What is SOC-2?
SOC-2 stands for Service Organization Control. It’s an audit report conducted by independent auditors that verifies a service organization’s information security practices meet specific standards. Think of it as an official thumbs-up on your data protection measures.
Type 1 vs. Type 2: The Extra Mile
ACS already had a SOC-2 Type 1, which confirmed they had the right security systems in place. But the Type 2 goes a step further. It digs deeper, testing and evaluating the effectiveness of those controls over an extended period.
What This Means for ACS Clients:
- Enhanced Security: ACS’s information systems are now secured through stricter monitoring, logging, and controls, minimizing risks and offering clients peace of mind.
- Independent Verification: The SOC-2 Type 2 certification provides an independent audit verifying ACS adheres to strict security, availability, processing integrity, confidentiality, and privacy standards.
- Greater Visibility & Management: ACS has honed their systems and controls for enhanced visibility and management, ensuring they’re prepared to meet the evolving needs of the industry.
ACS: Your Secure Partner in Asset-Based Lending:
Since 1998, ACS has been a trusted provider of collections, recovery, and portfolio optimization services for asset-based lenders and lease finance companies. With seasoned specialists, a nationwide network of agents, and cutting-edge technology, ACS delivers exceptional service, transparency, and improved financial outcomes – all while prioritizing the security of your data.
For more information about ACS’s industry leading services and solutions, contact Andrew Pace at ACS today at apace@acs-cam.com.
