- SOC or System and Organizational Control is a suite of reports produced during an audit. SOC 2 Type II compliance applies to all service providers that process and store customer data. These reports from accredited auditors can be used by customers to identify the risks involved in outsourcing a service.
- Gnani.ai recently was able to get SOC 2 Type II certification after passing through rigorous assessment process conducted by an independent auditor. We were able to do so because of our razor-sharp focus on providing the highest security standards for everyone involved with us in any capacity.
- SOC 2 Type II compliance is for non-financial institutions and examines an organization’s internal systems based on Trust Service Categories which include security, availability, processing integrity, confidentiality and privacy.
Selling B2B software to larger enterprises, gaining their trust and demonstrating security and compliance measures is a significant challenge. It’s crucial to assure these enterprises that their sensitive data is handled in accordance with regulations and industry best practices, especially in the face of increasing data breaches. Gnani.ai’s SOC 2 Type II compliance report assures clients that we provide the best security to them.
To engage with companies with robust InfoSec processes, vendors are often required to complete extensive security questionnaires or provide detailed security compliance reports. Sometimes, they may be asked to do both. These questionnaires can be time-consuming and challenging as each one may differ significantly from the next. Initially, at Gnani.ai, we faced these challenges and found that completing multiple security questionnaires was not the most efficient approach to assure our customers of data security.
In July 2023, we took the proactive step of achieving SOC 2 Type II compliance. This decision enabled us to enhance our security practices, and the process taught us valuable lessons about how to better protect our customers’ data and provide them with the assurance they needed.
The Significance of Gnani.ai’s SOC 2 Compliance
Automating for Enhanced Data Management
Maintaining compliance with SOC 2 can be a complex and time-consuming process. Gnani.ai, with its AI-powered solutions, has uncomplicated this process. Gnani.ai’s technology streamlines the compliance process by automating various tasks, such as conducting checks and uploading evidence. By leveraging Gnani.ai’s capabilities, businesses can save time and resources, allowing their teams to focus more on core operations and strategic initiatives.
Building Trust with B2B Software Customers with Gnani.ai’s SOC 2 Compliance
In the competitive landscape of B2B software services, establishing trust is paramount. This is one of the contributing factors in Gnani.ai being able to earn the trust of over 60 enterprise customers. Being SOC 2 Type II compliant demonstrates a business’s commitment to implementing robust controls and safeguards to protect data. When customers see a company’s SOC 2 Type II compliance, it instills confidence in the organization’s ability to protect sensitive data and maintain high levels of data integrity. This, in turn, can lead to an increase in customer acquisition and retention rates.
Mitigating Data Breach Risks
Data breaches have become a prevalent concern in recent years, with severe financial and reputational consequences for affected businesses. SOC 2 Type II compliance combined with Gnani.ai’s AI-powered security measures can significantly reduce the risk of data breaches. By identifying potential vulnerabilities and promptly addressing them, businesses can proactively safeguard their systems and prevent unauthorized access to sensitive information.
By successfully completing the rigorous SOC 2 Type II compliance audit, Gnani.ai has demonstrated the following key elements:
- Ensured robust security: ai has implemented robust security measures to protect against unauthorized access, data breaches, and other potential security risks.
- Made services continuously available: ai ensures continuous availability of services by eliminating redundancies and processes to minimize downtime.
- Processing Integrity: Gnani.ai maintains accurate, complete, and timely data processing practices.
- Confidentiality: Gnani.ai’s strict access controls and employee training ensure that customer data remains confidential and secure.
- Privacy: Gnani.ai adheres to strict privacy policies and procedures, ensuring compliance with data protection regulations.