Governance, Risk & Compliance

Governance, Risk & Compliance

June 20, 2013

Leeyo Software Achieves New AICPA Standard

Leeyo Software has successfully met the requirements for SSAE 16 Type 2 compliance.

This stringent standard addresses issues related to security, availability, processing integrity, confidentiality and privacy.

Achieving SSAE 16 Type 2 compliance will not only provide confidence to Leeyo customers, but it will also give a competitive edge to the company.

The audit for Leeyo Software was conducted by Moss Adams and confirms that the company was able to meet the requirements for SSAE 16 Type 2 compliance.   

Moss Adams specializes in assurance, tax, consulting, risk management and transaction services.

"We chose Moss Adams to conduct the audit in order to provide our customers and prospects even greater confidence that the data they entrust to us is always safe, accessible and meets the most current and rigid industry standards," said Pramod Anavangot, Leeyo's director of Product Management and Quality Assurance.

Developed by the Accounting Standards Board (ASB (News - Alert)) and the American Institute of Certified Public Accountants (AICPA), this international accounting standard establishes standards of control for Service Organizations.

Users and customers can read the Service Organization Control (SOC) reports to gain insight about the services provided by a service organization. Information in this report give confidence to the customers that all services delivered by an organization are in accordance with AICPA attestation standards.

"Leeyo's commitment to its customers continues to drive us to adopt the most stringent, international data security and processing standards, and the completion of this audit highlights how Leeyo continues to demonstrate its market leadership and why RevPro is the offering of choice for revenue automation," added Anavangot.

Leeyo Software provides software for revenue recognition automation and management that helps companies to automate and manage all key revenue-recognition requirements.

In May this year the company announced that Leeyo's RevPro Version 2 has achieved Oracle Exadata Ready and Oracle (News - Alert) Exalogic Ready status through Oracle PartnerNetwork (OPN).

Edited by Alisen Downey

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