Smyyth Achieves Highest Assurance: Dual SOC 1 Type 2 and SOC 2 Type 2 Compliance, Bolstering HIPAA and International Data Privacy

South Plainfield, NJ – June 1, 2025 – As companies increasingly rely on outside vendors, especially those handling sensitive financial data and Protected Health Information (PHI), robust and proven assurance is non-negotiable. Smyyth now provides this assurance across financial integrity and data security with two distinct Type 2 reports:

1. SOC 1 Type 2: Assurance for Financial Reporting (ICFR): Confirms that controls related to financial processing were designed appropriately and operated effectively over a period.
2. SOC 2 Type 2: Assurance for Security and Data Integrity: Verifies that controls designed to meet the Security, Availability, and Confidentiality Trust Services Criteria were operated effectively over a period.

Commitment to Data Privacy:

This comprehensive compliance framework is reinforced by Smyyth’s commitment to strict data privacy regulations, including HIPAA verification for customers processing Protected Health Information (PHI), and adherence to international privacy standards, now achieved through the EU-US Data Privacy Framework (DPF). These combined standards ensure the Carixa platform is continuously monitored and maintained against the strictest global benchmarks for data handling.

“Achieving both the SOC 1 Type 2 and SOC 2 Type 2 certifications is a testament to our continuous, long-term commitment to our customers’ trust and compliance needs,” says Joseph D’Apolito, CFO and Chief Security Officer at Smyyth. “The Type 2 status confirms our controls are not only designed correctly but have been operating effectively over time. This, coupled with our rigorous HIPAA verification and alignment with the EU-US Data Privacy Framework (DPF), ensures our customers can feel confident we are making every investment to establish and maintain the highest level of operational, financial, and security assurance.”

About Carixa and Smyyth

Carixa™ is advanced cloud Order-to-Cash Automation and accounts receivable software for large and mid-sized companies to accelerate collections and minimize revenue leakage due to deductions, disputes, and trade promotion management. Carixa also provides expert, technology-enabled managed services of accounts receivable functions, including credit, collections, deductions, trade promotions, returns reconciliation, and cash application through its affiliate Smyyth.