June 16, 2020: Plaza Services, LLC, a nationally licensed, professional accounts receivable portfolio investment firm, proudly announces the successful completion of the rigorous Service Organization Control (SOC) 2 Type 1 compliance audit.
Plaza Services’ SOC 2 certification was issued after an extensive, independent audit by AARC-360, a nationally certified CPA firm. SOC 2 compliance certification affirms the company’s adherence to organizational structure, workflows, and processes that ensure the security of customer data. With assistance from Daniel Schindler of Pro Forma Inc, an organization providing audit and operational consulting solutions for the financial services industry, Plaza Services completed the SOC 2 audit in May 2020.
“Our entire team is excited and proud to earn the SOC 2 compliance certification,” says Gerald Lewis, President of Plaza Services. “We are especially grateful to Daniel Schindler for his assistance in guiding us through the independent audit that was conducted by AARC-360. The teamwork between Daniel and the Plaza executive team was instrumental in the successful completion of the comprehensive SOC 2 audit.”
What is SOC 2?
Service Organization Control 2, or SOC 2, was developed by the American Institute of Certified Public Accountants (AICPA) as an auditing procedure for organizations that store customer information in the cloud. SOC 2 Type 1 certification reinforces a company’s commitment and adherence to the 5 AICPA Trust Services Criteria principles that assure the security, availability, processing integrity, confidentiality, and privacy of data stored in the cloud.
Is Plaza Services, LLC Compliant?
Yes, Plaza Services successfully achieved SOC 2 Type 1 compliance. As organizations increasingly work with outside companies and vendors, the need for more stringent transparency and compliance processes has also expanded. Plaza Services is committed to delivering the highest level of information security and protection against data breaches. Clients and consumers can be assured that we have established and refined our processes and procedures that encompass the security, availability, and confidentiality of cloud-based consumer data, protecting our clients’ brands and building long-lasting relationships with consumers.
“Our comprehensive security practices create the transparency and trust with our clients and consumers that are essential to the growth and success of our organization,” continues Mr. Lewis. “Companies in the highly-regulated Accounts Receivable Management (ARM) industry face unique challenges. Plaza Services’ long-standing commitment to compliance and data security has always set us apart from our competition and been a key to the high-quality services we provide. We are very proud to be SOC 2 Type 1 Certified. Our clients and consumers can feel confident that we have the appropriate safeguards and procedures in place to ensure that their private information is being handled responsibly.”
About Plaza Services
Plaza Services, LLC is a nationally licensed, professional receivables management firm located in Atlanta, GA. We are a Certified Receivables Business (CRB) by Receivables Management Association International and specialize in the acquisition and servicing of consumer and commercial portfolios. We deliver quick portfolio evaluations, seamless transaction execution, and clear accountability after the sale. As SOC 2 certified receivables management firm, Plaza Services is committed to the security, confidentiality, and safety of our consumers’ information.