First SAS-70 Type II Service Provider
Ensures highest internal controls for data security, accuracy and SOX compliance
Centive recently completed an American Institute of Certified Public Accountants (AICPA) Statement on Auditing Standards No. 70 (SAS 70) Type II audit by Ernst & Young. Centive is now the first and only on-demand sales compensation / sales performance management vendor to be recognized as a SAS-70 Type II service provider.
In a recent entry on his "THINK IT Services" blog, Jeffrey Kaplan, Managing Director at THINKstrategies, predicts that one of the reasons on-demand services will soar in 2008 is because a growing number of software-as-a-service (SaaS) companies like Centive are able to offer the security and process controls needed to fully support SOX compliance initiatives for their customers.
“A year ago, most publicly traded companies and other large-scale enterprises rejected the idea of SaaS because they thought they needed to take greater responsibility for their own compliance requirements. Now, they view the process controls, auditability and offsite hosting features available in SaaS applications like Centive Compel as a perfect solution for their Sarbanes-Oxley (SOX) needs.”
Jeff Kaplan, THINKstrategies
The SAS 70 Type II report is internationally recognized as the authoritative benchmark of the American Institute of Certified Public Accountants against which service providers report control activities and processes to customers and their auditors. The Type II form of SAS 70 examination is the most stringent form; it not only includes the service organization's description of controls related to information technology and security processes, but also includes detailed testing of these controls over a minimum six-month period.
As the leading on-demand sales performance management solution, Compel offers real-time performance visibility and performance analytics. Compel provides strategic value by enabling customers to run in-depth analysis, model and forecast sales compensation expense, optimize plan effectiveness, and drive sales performance and top-line revenue growth.
To learn how Compel can help you achieve your financial compliance needs in sales compensation management, follow the links below.
