January 1, 2022
NEW YORK, NY – December 31, 2021
The Smyyth companies, developers of Carixa, the powerful automated platform for managing the order to cash cycle, announced that it has achieved the Service Organization Control (SOC) 2 Type 1 certification.
The SOC2 review is a technical audit conducted by independent auditors to measure the availability, security, and integrity of an organization’s data processing systems to determine whether adequate safeguards and controls are in place. To comply with SOC2, Smyyth demonstrated it had established rigorous policies and procedures under the AICPA criteria for security, availability, and confidentiality. Additionally, the report verifies the existence of internal controls to meet the requirements for the security principles.
As companies increasingly use outside vendors to perform activities core to their business operations, there is a need for more trust and transparency in cloud service provider operations, processes, and results.
Smyyth’s SOC 2 report verifies the existence of internal controls designed to meet the requirements for the security principles outlined in the Trust Services Principles and Criteria for Security. In addition, the audit provides a thorough review of how Smyyth ‘s internal controls affect the security, availability, and processing integrity of the systems it uses to process users’ data and the confidentiality and privacy of the information processed by these systems.
“Obtaining the SOC 2 Type 1 certification, in addition to its HIPAA verification, and compliance with Privacy Shield principles reinforces Smyyth’s ongoing commitment to security, availability, and processing integrity of the Cartixa platform,” says Joseph D’Apolito, CFO and Chief Security Officer at Smyyth. “Due to our vigilance, our customers can feel confident that we are making every investment to establish and maintain the highest level of security and compliance.”
In addition to SOC 2 compliance, Smyyth is making a number of enhancements to its infrastructure by adding in additional layers of redundancy, increasing monitoring of its platform, and encryption, multi-factor authentication, as well as the relocation of its servers to the Oracle Cloud Infrastructure, which delivers high customer isolation and automated protections with data residency, sovereignty, and cloud security at the core of its operations.
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.