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ContractRoom Announces the Completion of SOC 2 Type 1 Certification

By CIOReview | Wednesday, August 12, 2020

Compliance with globally acknowledged security standards confirms ContractRoom's commitment to protecting sensitive data.

FREMONT, CA: Contract Room, provider of the world's smartest Contract Lifecycle Management (CLM) platform, announces the completion and audit established by the American Institute of Certified Public Accountants (AICPA) to certify its SOC 2 Type 1 compliance for its CLM software application.

ContractRoom's SOC 2 Type 1 audit evaluates that an independent accounting organization reviewed and tested the company's internal controls and confirmed that they meet the AICPA's rigorous requirements for security, availability, confidentiality, and processing integrity. ContractRoom's cloud-powered contract lifecycle management solution met the AICPA standard with zero exceptions, the highest security standard set by the organization. It shows ContractRoom is properly protecting client data within the company's data center and information systems.

This accreditation shows that ContractRoom upholds the topmost standards in security for the processes, people, and technology powering its services. The sensitivity of critical data contained within the ContractRoom solution needs best-in-class security, and its customers depend on it.

ContractRoom is equally enthusiastic about the achievement of  SOC 2 attestation because it emphasizes how seriously the company focuses on security, scalability, and data integrity. The firm's customers and its counterparts that are involved in contract negotiations on the application can have the utmost confidence that private data and contracts, in particular, will remain safe and secure with ContractRoom.

ContractRoom is one of the smartest Contract Lifecycle Management platforms. Companies use ContractRoom to close agreements 10x faster, with complete control and deep insight for the greatest financial impact. The company 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.