What is SOC 2 Type 1 Compliance?

SOC 2 Type I involves an independent audit of an organization's systems, controls, and processes are suitably designed to meet the Trust Services Criteria developed by the American Institute of CPAs (AICPA), SOC 2 defines criteria for managing data based on five “trust service principles”—security, availability, processing integrity, confidentiality and privacy.

Achieving SOC 2 Type 1 compliance demonstrates that an organization has implemented the necessary controls and processes needed to protect customer data.

What are the benefits of doing business with a SOC2 type I compliant company?

When a company is SOC 2 Type I compliant, it provides you with additional confidence regarding:

• Security & Trust
  • Verified security posture — An independent auditor confirmed the vendor has security controls properly designed, not just self-reported claims.
  • Reduced risk of data breaches — Controls around access, encryption, and monitoring are in place, lowering the likelihood of customer data being compromised.
  • Third-party validation — It's not the vendor grading their own homework; a CPA firm signed off on it.
• Business & Procurement Benefits
  • Faster vendor approval — Many procurement and security review processes are streamlined when SOC 2 compliance is already in hand, reducing lengthy security questionnaires.
  • Contractual confidence — Easier to satisfy legal and compliance teams when onboarding a new vendor.
  • Supports your own compliance — If you're subject to HIPAA, ISO 27001, GDPR, or other frameworks, using SOC 2 compliant vendors helps demonstrate your due diligence to auditors.
• Operational Confidence
  • Defined policies and procedures — The vendor has documented how they handle incidents, access management, change control, and more.
  • Accountability — The vendor is committed to a formal control environment, not ad hoc security practices.

About NexRev

NexRev is the leading provider of cloud-based, multi-site energy management systems, backed by AI and delivered by SaaS models, that help businesses eliminate energy waste and reduce costs. 

Our innovative Freedom™ EMS/BMS solution brings process-driven intelligence and AI to facilities management, providing complete remote control and centralized visibility of your energy-consuming devices across complex, nationwide property portfolios for leading brands in retail, theaters, restaurants, commercial, and industrial facilities.

With NexRev Freedom, our customers reduce waste, optimize energy management, and generate permanent cost savings by making the right decisions. To begin a discussion on how we can help you to reduce energy costs and waste please email us at This email address is being protected from spambots. You need JavaScript enabled to view it.