PETALUMA, Calif. — The Cascade365 Family of Companies is pleased to announce the completion of all SOC 2 audit requirements and the attainment of the standard for service organizations, developed by the American Institute of CPAs (AICPA), which specifies how organizations should manage and safeguard customer data.
What is a System and Organization Controls (SOC) Audit?
SOC 2 is a system of controls and an audit report developed by the American Institute of Certified Public Accountants (AICPA). It enables organizations to communicate relevant information about their data protection management program to their customers. SOC 2 reporting assures Cascade365 clients and stakeholders that it has the appropriate controls in place related to security, availability, processing integrity, confidentiality, and privacy for both business processes and information technology (IT), to protect financial and client data.
The reports are of significance in several areas of Cascade365’s operations:
- Oversight of the organization
- Vendor management programs
- Internal corporate governance and risk management processes
- Regulatory oversight
How does a SOC 2 audit benefit Cascade365, its clients and stakeholders?
- Robust security assurance for our clients
- Long-term cost savings and loss prevention
- Protection from potential reputational damage
- Streamlined regulatory compliance efforts
“Information security is crucial for companies that maintain consumer and patient data,” said Shaun Ertischek, Cascade365’s Chief Compliance Officer and General Counsel. “In evidencing SOC 2 compliance, Cascade365 demonstrates that it securely manages information and employs best-in-class data practices. Customers and clients can be assured that our processes and controls exceed all privacy and security obligations.”
“A SOC 2 report is not mandatory in our business; however, a SOC 2 report demonstrates that measures are in place that our clients’ data is protected and kept private from unauthorized users,” said IT Manager, Kevin Andewiel. “The SOC 2 audit was intensive, yet the time spent to ensure protections across all channels was worth the investment.”
About The Cascade365 Family of Companies
Cascade365 is a brand identity representing a family of companies focused on the responsible liquidation of accounts receivable. Headquartered in the San Francisco Bay area, the Cascade365 Family of Companies are recognized leaders in the accounts receivable management, revenue cycle and specialty finance industries. Cascade365’s suite of products and services include AR Purchase and Finance, Master Servicing, Third Party Collections, and Revenue Cycle Optimization. The Cascade365 Family of Companies believes in promoting financial accountability while treating patients in a fair, dignified, and lawful manner. Please visit cascade365.com for additional information.