Fyle, a real-time expense management platform, announced that it has achieved SOC 2 Type II compliance in accordance with American Institute of Certified Public Accountants (AICPA) standards for SOC for Service Organizations also known as SSAE 18.
The SOC 2 compliance is a global standard that demonstrates whether an organization has the necessary controls for its infrastructure, software, people, data and procedures, ensuring customer and partner data is completely secure. Fyle had earlier completed its SOC 2 Type I compliance in January 2022, and has now received its Type II audit report.
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Fyle’s Type I and II audits were conducted by Prescient Assurance, a leader in security and compliance audits for B2B SaaS companies worldwide. The SOC 2 Type I reports concern policies and procedures that are placed in operation at a specific moment in time. Whereas the Type II report measures these operating procedures over a specified time period. Fyle uses Sprinto to monitor processes continuously and stay compliant.
“Completing our SOC 2 Type II audit proves that we conform to the highest standard of security and privacy for all our customers and partners,” said Sivaramakrishnan Narayanan, CTO of Fyle. “We’re continuously updating our processes, practices and data management to maintain accountability to our clients.”
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