Field Materials Completes SOC 1 and SOC 2 Audits

Field Materials, an artificial intelligence platform focused on construction material procurement, has successfully completed independent SOC 1 Type 1 and SOC 2 Type 2 examinations. These audits offer contractors external verification of the company's control mechanisms designed to protect their financial records and data.

The platform processes over $2.5 billion in construction material purchases annually. Achieving these SOC certifications demonstrates that Field Materials' data security and privacy practices meet internationally recognized standards, a critical factor in the construction industry where trust and data integrity are paramount.

Field Materials provides AI-powered solutions aimed at streamlining and managing the procurement process for construction materials. The company focuses on equipping contractors with tools to optimize their purchasing and ensure the security of their sensitive information.

SOC (System and Organization Controls) reporting is a framework developed to provide assurance on the controls relevant to a service organization's systems. SOC 1 specifically addresses internal controls related to financial reporting, while SOC 2 covers a broader set of criteria related to security, availability, processing integrity, confidentiality, and privacy.