AUSTIN, Texas – December 15, 2020 – Consero Global LLC, a leader in Finance as a Service (FaaS), today announced it now offers System and Organization Control (SOC) 1 certification to clients, becoming the first mid-market FaaS provider to do so.
SOC 1, which is an internal control audit engagement, provides assurance that Consero has robust controls around the setup and administration of the software stack provided to our clients. It will also reduce work and audit fees for clients as compared to building and supporting their software stack in-house or through other traditional service providers. Finally, this certification is required for public companies when a private vendor impacts the publicly traded company’s financial data.
“Consero’s objective is to free business leaders from the expense and headaches of managing the finance and accounting function so they can focus on the strategic activities that drive business growth,” said Bill Klein, President of Consero. “This new SOC certification means our clients can be assured they will have robust controls around the setup and administration of the software stack that supports their finance and accounting function, without a drain on their time or capital.”
Consero combines innovative integrated software, including the Consero SIMPL® financial management console and Simon voice-activated artificial intelligence technology with traditional CFO, controller and bookkeeping services. All of this comes without the time, cost and effort of creating and managing a full, in-house finance and accounting department. With Consero’s services, companies of all sizes can afford Fortune 500 level financial tools.
“Consero’s SOC 1 certification requires strong controls and ongoing diligence throughout the year to ensure compliance during the audit period,” said Kristen Bridgeman, Senior Director of Product for Consero. “The new audit capabilities we provide further set us apart as unique and different in the FaaS space.”
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