Rillion completes SOC 1 and SOC 2 examinations
Rillion Inc. completed Type 2 SOC 1 and Type 2 SOC 2 examinations for the review period November 1, 2021, to October 31, 2022. The independent audits assess the effectiveness of the company's controls relevant to financial reporting and data security.
Rillion Inc. has completed both Type 2 SOC 1 and Type 2 SOC 2 examinations for its Rillion Prime service covering the period from November 1, 2021, to October 31, 2022. The independent CPA firm Schellman & Company, LLC conducted the audits.
These examinations assess Rillion's internal controls related to financial reporting for its clients (SOC 1) and controls pertaining to security, availability, processing integrity, confidentiality, and privacy (SOC 2). The SOC 1 report specifically includes controls for data backup, system monitoring, information security, and invoice processing.
The audits provide Rillion's user entities with an objective evaluation of the effectiveness of the company's controls. Rillion stated its commitment to performing these examinations annually to ensure ongoing compliance and security.
Rillion, a provider of accounts payable automation solutions, serves over 3,000 companies across more than 50 countries. The company emphasizes the importance of these regular audits for maintaining client trust and adherence to security standards.