InkPaper Becomes SOC2 Type 2 Complaint.
Updated: Mar 7
At InkPaper, we advocate for an end-to-end security when it comes to our customer’s sensitive data. As feasible it is to share and collaborate with several people on the digital space, data security is often threatened, if not compromised. The contractual agreements that you have with your clients and vendors can lead to devastating consequences if security is at risk. InkPaper became SOC2 Type 2 compliant as a protective measure for your business, so that you can be rest assured about cybersecurity and data breaches.
What is SOC2 Type 2 Certification?
A Service Organization Control (SOC) 2 Type 2 Report is a comprehensive audit to assess the security systems of software and cloud-based service providers to protect confidential and sensitive information. SOC2 is often lauded as the highest parameter of data security for SaaS companies. While SOC2 Type 1 is a point-in-time audit, Type 2 delves deeper into the five principles of security and management.
SOC2 security principles prevent the unauthorized use of assets and breach of data within an organization. This means that organizations need to consider cybersecurity with every decision they make.
Why is SOC2 important for a contract management software?
Often, enterprises worry about the credibility and security of their contract management solution. At InkPaper, safeguarding our customers' confidential data constitutes our core value. InkPaper uses Google Cloud Platform (GCP), a SOC2 Type 2 certified platform, to manage and host production servers and databases with security and ease.
InkPaper’s SOC2 Type 2 Audit was performed by independent CPAs (Certified Public Accountants) as per the AICPA (American Institute of Certified Public Accountants) professional standards.
The report assessed the security and profitability of InkPaper's control and operating effectiveness. The audit was done on basis of trust service principles (TSPs): Security, Availability, Processing Integrity, Confidentiality, and Privacy.
Security: InkPaper ensures highest security of confidential information and prevention from unauthorised access.
Availability: InkPaper solution is constantly monitored and routinely upgraded with latest technological advancements.
Processing Integrity: All the information provided by InkPaper for the audit is timely, valid & accurate.
Confidentiality: InkPaper provides end to end confidentiality of contracts between different parties.
Privacy: InkPaper securely manages and protects the privacy of all client data.
InkPaper Beyond SOC2 Compliance
Harish Daiya, CEO and Co-Founder of InkPaper was elated by this achievement. "We want people to associate InkPaper with the most secure contract automation solution. Our team of technology experts is constantly integrating the best technological solutions to provide our customers with an unparalleled experience in the overall industry." He added, "SOC2 Type 2 compliance has come at the right time in our growth trajectory. It reinstates our belief in InkPaper’s value proposition of ‘solving for the customer’."
InkPaper boasts of its overly cautious company culture that treats cybersecurity as the foundation of the organization and treats sensitive customer data with utmost care. With this certification, we have an additional responsibility to maintain our lofty standards every year. We are committed to providing the most secure contract management solutions for our clients.
If you wish to learn more about InkPaper, talk to our expert.