Corcentric announced the successful completion of their annual Statement on Standards for Attestation Engagements (SSAE) No 16, Type 2, also known as the Reporting on Controls at a Service Organization examination for its Software as a Service (SaaS) AP automation platform, for its Accounts Payable Automation solutions.
Completion of the SSAE 16 examination indicates that critical Corcentric application and data management, operational processes, procedures, and internal controls have been formally evaluated and tested by an independent auditing firm.
About SSAE 16
SSAE 16 is an auditing standard issued by the American Institute of Certified Public Accountants (AICPA). Its purpose is to allow customers to obtain assurances about a SaaS provider’s system and the suitability of the design of its controls. SSAE 16 is designated by the U.S. Securities and Exchange Commission (SEC) as an acceptable method for a user entity’s management to obtain assurance about service organization internal controls without conducting additional assessments.
Mark Joyce, Executive Vice President and CFO of Corcentric:
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