Within any organization, to minimize errors, misstatements and fraud, a system of good internal controls is necessary. Part of that system should include access to third party reports and certifications issued by external auditors for a customer’s vendors and service providers. Service providers should be willing to stand behind their promises of security, confidential, integrity and access by providing these reports. These reports are a complementary part of the customer’s overall assessment of their compliance requirements, including financial reporting controls.
NetSuite Reports/Certifications:
NetSuite’s available reports/certifications include, but are not limited to:
Audited Financial Statements/SEC Filings: These reports assist customers and prospects in determining its comfort with the viability of Oracle as a business and to assess its capabilities as a reliable cloud service provider that can sustain its business for the long term.
ISO 27001 Certification: NetSuite certifies against ISO 27001, an internationally respected and recognized Information Security Management System (ISMS) standard, which allows NetSuite to externalize its controls over security, confidentiality and availability.
AICPA SSAE 18 Type II/IAASB ISAE 3402
(SOC 1): In support of customers’ financial audit requirements, NetSuite issues an independently-audited SOC 1 Type 2 report twice a year which covers the IT general controls within NetSuite’s control and outside of its customers.
Service Organization Control 2 Type II (SOC 2): NetSuite customers must also be able to evaluate. NetSuite’s controls as they relate to security, availability and confidentiality. In support of this, NetSuite also issues a SOC 2 report covering the security, availability and confidentiality principles.
PCI-DSS Compliance: NetSuite is required to maintain PCI DSS certification as a Level 1 Service Provider, which must be externally validated at least annually by a Qualified Service Assessor (QSA).
PA-DSS Certification: NetSuite maintains QSA-certified Payment Application Data Security Standard (PA-DSS) certification ensuring NetSuite payment applications support compliance with the PCI DSS.
Privacy Certifications: Oracle has Binding Corporate Rules for EU GDPR compliance, including ISO 27018 for personal data protection. NetSuite also offers guidance documents to assist customers with GDPR compliance and conducts regular reviews and audits.
Why choose LinkedERP ?
- Relevant experience in assisting customers during their 3rd party Audit.
- Relevant experience in resolving the observations (if any) to ensure 100% compliance for customers.
- Proven Track record in automating and streamlining critical business processes
- 100% Successful ERP implementations track record.
- 100% Renewal rate.