SAS 70 SSAE 16 Compliance new


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Industries most likely asked to provide SSAE-16 reports

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Payroll Processing

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Loan Servicing

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Data Center/Co-Location/Network Monitoring Services

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Software as a Service (SaaS)

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Medical Claims Processors

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SAS-70/SSAE-16 Compliance App

Problem Statement: A customer requested you provide them with a SAS-70 or SSAE-16 report. Preparation will require some work on your part because as an outsourced service provider, you must be able to give a description of your system, the controls you use, and the objectives those controls are designed to meet so that an auditor can assess the controls and make sure you are providing them properly to your client.

 

Onit Solution: Using Onit’s SAS-70/SSAE-16 Compliance App, you can host and manage internal controls, development life cycles, computer controls and customer applications in an efficient, secure, and cost-effective manner.

 

Value Prop: You reduce the risk of losing the customer’s business, and the next time you are asked to provide one, you will have the resources together so you don’t lose revenue or productivity. You can also use the audit as a marketing tool to differentiate yourself from competitors and get new customers.

 

Resources

Why Data Centers Need SSAE 16


 

Source: SOA World Magazine

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SAS 70 is now SSAE 16—what you need to know

 

Source: Business Bank of Texas 

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SSAE-16 Preparation Checklist

 

 

Source: SSAE-16.com

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Service Organization Control Reports

Find out about the new Service Organization Control reports, which replace SAS 70 reports for service organizations