FFastFill, the leading provider of Software as a Service (SaaS) solutions to the derivatives industry, announces today that all its services which were formerly certified by the Statement on Auditing Standards No. 70 (SAS 70) audit program have transitioned to the Service Organization Control Reports (SOC 2 - including the SSAE16 framework) framework, in accordance with American Institute of Certified Public Accountants ("AICPA") guidance.
FFastFill has undergone a rigorous SOC 2 Type II audit carried out by the independent auditors Mazars LLP. A SOC 2 Type II audit is an internationally recognized third party assurance audit designed to test controls at service organisations. SOC audits ensure that firms not only have appropriate controls in place but also that they are followed as part of the service delivery process.
Martin Shaikhly, Director - Service Delivery, FFastFill said:"The pleasing results of FFastFill's SOC 2 Type II audit demonstrate the importance that FFastFill places on service delivery and support. They also underline the significance of process quality throughout the company which in turn ensures that we are able to deliver the consistently high levels of service expected by our customers."
Hamish Purdey, CEO, FFastFill said:"FFastFill continues to focus on the quality of its service delivery controls framework which is adhered to by its 180 industry professionals based in six geographical locations. Having a single global set of controls and processes ensures that services can be delivered using the core values of FFastFill's SaaS solution; namely speed to market, rapid release cycles and cost efficiencies. We are rightly proud of the results of the SOC 2 Type II audit and the continued hard work undertaken by our people which we believe puts FFastFill ahead of the game in terms of service delivery".
© Finextra Research 2014