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Contract Room Completes Audit to Certify SOC 2 Type 1 Compliance for CLM Software Application
ContractRoom has transformed the contracting operations for over 100 companies, including Fortune 500 clients, with over 75,000 users, more than 500,000 contracts, and millions of data points under management
FREMONT, CA: The maker of the world's smartest Contract Lifecycle Management (CLM) platform, Contract Room, announced the successful completion of an audit established by the American Institute of Certified Public Accountants (AICPA) to certify its SOC 2 Type 1 compliance for its CLM software application. The company's SOC 2 Type 1 audit verifies that an independent accounting firm reviewed and tested the company's internal controls and confirmed that they meet the AICPA's rigorous requirements for security, availability, processing integrity, and confidentiality.
"This accreditation shows that ContractRoom upholds the highest standards in security for the processes, people and technology powering our services," said Emil Stefanutti, CEO, ContractRoom. "The critical sensitivity of data contained within the ContractRoom solution requires best-in-class security – our customers depend on it." The company's cloud-based contract lifecycle management solution met the AICPA standard with zero exceptions, the highest security standard set by the organization. It demonstrates ContractRoom is properly protecting client data within our datacenter and information systems.
Cesar Soto, Head of Engineering, Contract room, was equally enthusiastic about the achievement. "I'm excited about the SOC 2 attestation because it emphasizes how seriously we focus on security, scalability and data integrity. Our customers and their counterparts that are involved in contract negotiations on the application can have the utmost confidence that private information and contracts in particular, will remain safe and secure with ContractRoom," he stated.
Companies use ContractRoom to close agreements 10x faster, with complete control and profound insight for the most significant financial impact. ContractRoom has transformed the contracting operations for over 100 companies, including Fortune 500 clients, with over 75,000 users, more than 500,000 contracts, and millions of data points under management.