SANTA BARBARA, Calif.--(BUSINESS WIRE)--Yardi announced today that it has completed an examination of its security and internal controls for 2014 and has received its final SSAE 16 SOC 1 Type 2 report for its Store Enterprise and Store Advantage applications. Formerly known as SAS 70, SOC 1 is published by the AICPA (American Institute of CPAs®) under the attestation standard SSAE 16 and involves undergoing an examination of policies, operating procedures and controls related to financial reporting of user entities by an independent auditor to objectively validate that the service organization meets its declared control objectives.
“We take our clients’ needs very seriously and go above and beyond basic requirements to guarantee the safety and security of our systems and their data,” said James Hafen, self storage industry principal at Yardi. “Our largest customers include publicly traded REITs, and they rely on our SOC 1 compliance to ensure that the mission-critical management systems they employ to operate their businesses are absolutely sound.”
Hafen added: “Our compliance efforts ultimately benefit all of our customers, not just the larger players. Compliance with this standard requires stringent internal policies related to software development and storing and accessing data and related hardware. As a result of our commitment, all customers can rest assured that Yardi is doing everything it can to ensure their data and systems are secure.”
Now in its fourth decade, Yardi® is committed to the design, development and support of software for real estate investment management and property management, and includes leading self storage management software in its family of trusted solutions to help self storage operators increase revenue, become more efficient, and reduce costs. Store Enterprise™ and Store Advantage™ are cloud-based applications that integrate seamlessly with websites, call centers, web aggregators, mobile devices, centralized mail services, corporate offices and other business systems – with solutions for small owners and management firms to the largest self storage operators. Yardi Genesis2™ is the latest cloud-based real estate management application developed on Yardi’s industry leading platform. Genesis2 delivers a powerful solution in a single database with unprecedented capabilities and add-on products, including integrated workflows, dashboards, online portals and payment processing to help you run your business more efficiently. For more information visit www.yardi.com.