We are thrilled to announce that Botkeeper has successfully completed an audit established by the American Institute of Certified Public Accountants (AICPA) to certify its SOC 2 Type I compliance for our automated bookkeeping platform! This audit will enable us continue to help Accounting Professionals grow their firms, improve margins, and deliver better service to their clients by augmenting manual and tedious bookkeeping work, in a safe and secure environment. Our clients can get their bookkeeping needs met knowing they're backed by the highest quality standards in the space.
Botkeeper’s SOC 2 Type I audit verifies that an independent accounting firm reviewed and tested the company’s internal controls and confirmed that they meet the AICPA’s rigorous requirements for security, availability, processing integrity, and confidentiality. We're proud to say that Botkeeper is one of the first automated accounting solutions to achieve this accreditation!
Botkeeper’s cloud-based platform, which provides automated bookkeeping using a unique combination of artificial Intelligence with light human assistance, met the AICPA standard with zero exceptions, the highest security standard set by the organization.
As we move into the second half of 2020, following our recent Series-B announcement, we continue to be enormously impressed and humbled by our outstanding team for their hard work and dedication to our mission to help Accounting Firms succeed.
SECURITY- OUR FOREMOST PRIORITY
“I couldn’t be more delighted with this achievement,” said Enrico Palmerino, Co-founder, and CEO of Botkeeper.
“We’ve established an outstanding team that has gotten us to this amazing milestone as one of the first in our space to achieve attestation. Botkeeper has been committed to security and data protection since day one. We own our own IP and protect client data with 256-bit encryption; that’s the same level of encryption you’ll find with online banking and shopping. All of our systems and databases are located in Amazon Web Services (AWS) data centers within the US. At Botkeeper, we leverage AWS security products to ensure that our systems and infrastructure are configured in accordance with security and compliance best practices. We also require mandatory annual employee information security training.”
ACCOUNTING INDUSTRY BEST PRACTICES
Botkeeper Chief Technology Officer Justin Whitehead was equally enthusiastic about the achievement in saying “I'm really excited about the SOC 2 attestation because it emphasizes how seriously we focus on security, scalability and data integrity.... and helps us hold ourselves accountable with bringing those best practices to the market.”
Justin went onto explain that obtaining the SOC 2 Type I attestation is part of Botkeeper’s continued commitment to operating under the highest standards of security and confidentiality for its clients. “Accounting Firms can offer an automated bookkeeping experience to their clients with the utmost confidence that private information will remain safe and secure with Botkeeper”.
"Accounting Firms can offer an automated bookkeeping experience to their clients with the utmost confidence that private information will remain safe and secure with Botkeeper”.
ABOUT THE AICPA
Founded in 1887, the AICPA represents the CPA profession nationally regarding rule-making and standard-setting and serves as an advocate before legislative bodies, public interest groups, and other professional organizations. The AICPA develops standards for audits of private companies and other services by CPAs, provides educational guidance materials to its members, develops and grades the Uniform CPA Examination, and monitors and enforces compliance with the profession’s technical and ethical standards.
The AICPA’s founding established accountancy as a profession distinguished by rigorous educational requirements, high professional standards, a strict code of professional ethics, a licensing status, and a commitment to serving the public interest.
The Full Realities of Automated Accounting May Surpass Your Expectations
The increasing need for automation in the accounting space has resulted in ever growing demands being put on Accounting Professionals, who have been continuing to operate as essential business providers throughout the first half of 2020. Accounting firms are facing unprecedented pressure to ensure that they're able to provide the best quality of service and guidance to their clients—and keeping data secure is paramount to that mission.
This SOC 2 TYPE I Attestation is just one step towards achieving our goal: giving CPAs and business owners the peace of mind they need to better focus on their priorities, and achieve their goals.
We wouldn’t be where we are without the encouragement of our Accounting Partners, dedicated team, and amazing investors. Thank you for helping us achieve this accomplishment, and we're so excited for what the future holds!