Precize, a visionary cloud governance company, embarked on a mission to revolutionize how organizations govern their cloud environments. As the adoption of cloud technology surged, so did the challenges of cloud waste, security incidents, and operational inefficiencies. To address these critical issues and instill confidence in their clients, Precize sought to achieve SOC 2 Type 1 attestation, demonstrating their commitment to robust security measures and efficient compliance practices.
As a startup, Precize needed to establish a strong foundation of security processes and documentation to ensure the protection of customer data. Additionally, they had to overcome the manual and time-consuming nature of traditional compliance approaches, which required significant resources and team’s time.
Attaining SOC 2 Type 1 attestation is a rigorous process that demands unwavering dedication and meticulous adherence to industry standards. Precize encountered several challenges on its path to certification:
Time Constraints: As a startup, Precize aimed to expedite the certification process without compromising the quality and effectiveness of its security controls.
Complex Compliance Requirements: Navigating the intricacies of SOC 2 compliance, with its multiple trust principles, required expert guidance and in-depth knowledge.
Resource Allocation: With limited resources and a focus on core development, Precize sought a partner who could seamlessly manage the certification process.
Complex Documentation Requirements: Precize encountered a significant hurdle creating detailed, comprehensive, and organized documentation that accurately reflected the company’s security processes, controls, and practices mandated by the SOC 2 Type 1 compliance framework
Precize recognized the need for a more streamlined and automated compliance solution to expedite their SOC 2 compliance process. Akitra’s multi-framework Compliance Automation Platform emerged as the ideal solution to address their challenges comprehensively. Akitra’s platform provided a customized solution specially designed for the distinctive requirements of Precize:
Audit Preparation: With Akitra’s extensive experience in compliance audits, Akitra’s expert team prepared Precize for the SOC 2 Type 1 assessment, identifying gaps rapidly and ensuring all necessary evidence and controls are in place.
Expert Guidance: Akitra’s compliance experts provided Precize with a customized roadmap and real-time support throughout the certification process ensuring alignment with industry best practices.
Documentation Support: Akitra assisted Precize in generating the required documentation, streamlining the process, and ensuring compliance with SOC 2 reporting standards.
Continuous Monitoring: Akitra’s team integrated their platform to monitor Precize’s cloud environment continuously, identifying potential risks and ensuring compliance with SOC 2 principles on an ongoing basis.
Through its partnership with Akitra, Precize achieved SOC 2 Type 1 attestation in a record time of 3 weeks, validating the effectiveness of its data security controls and practices. It has brought numerous benefits to the company:
Enhanced Confidence and Reputation: With SOC 2 Type 1 report in hand, Precize gained increased customer confidence and established itself as a trusted cloud governance partner.
Continuous Compliance: Akitra’s platform empowered Precize to start monitoring their compliance status in real-time, ensuring ongoing security and proactive risk management.
Accelerated Market Entry: With SOC 2 compliance, Precize gained a competitive edge, allowing it to confidently enter the market and attract potential customers seeking secure and compliant solutions.
Future-Ready Compliance: The certification laid a strong foundation for Precize’s future compliance initiatives, setting the stage for SOC 2 Type 2 attestation, other frameworks, and beyond.
