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SOC 1 (SSAE) Type II Audited and Compliant Company

A SOC 1 Report (Service Organization Controls Report) is an outside assessment on controls at a service organization, which are relevant to user entities’ internal control over financial reporting. It is what would have previously been considered to be the standard SAS 70, but falls under the SSAE 16 (Statements on Standards for Attestation Engagements No. 16) standard.

SSAE 16 is a nationally recognized auditing standard developed by the American Institute of Certified Public Accountants (AICPA). A SOC 1 assessment is widely recognized, because it means that a service organization has been through an in-depth outside review of their control activities, which generally include controls over information technology and related processes. Service organizations or service providers must demonstrate that they have adequate controls and safeguards when they host or process data belonging to their clients. In addition, Balance Point management provides assertion of the controls and their effectiveness within the SOC 1 reports.

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Encryption

Your transmitted data is kept safe using the state of the art encryption standards. This is the same technology that banks use to keep your account information safe; all account information you provide, including passwords and personal information details, is protected using this technology.

Backup & Disaster Recovery

Balance Point employs state-of-the-art back-up and firewall technology to ensure that your information is always available, no matter what happens. Our system stores back-ups in multiple secure locations and is updated throughout the day, every day. Our office features redundant phone systems, redundant uninterrupted power supplies, and a backup diesel generator.

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