14th September 2017, Gurgaon: PeopleStrong, India’s leading HR SaaS Technology and Solution provider today announced that it has successfully completed the SSAE 18 (Formerly SSAE 16) assessment for the 5th consecutive year and has been awarded compliant assessment following an intensive, independent review by EY- global leader in professional services and part of the big four.
With this assessment, PeopleStrong continues to be one of the first HR SaaS Technology and Solutions Company from India to be successfully assessed on SSAE 18 (FORMERLY SSAE 16) and ISAE 3402.
SSAE 18 (formerly SSAE 16) and ISAE 3402 represent an organization-wide adoption of globally accepted accounting principles and guidelines. The SOC 1 audit (part of SSAE 18) is widely recognized for the intensive scrutiny it puts system of the organization through, in terms of their control activities related to business processes and related Information System General Controls. It provides customers with guaranteed security and reliability for their systems and data.
EY being one of the largest professional services providers in the world, has carried out the SOC 1 examination under SSAE 18 (FORMERLY SSAE 16) (issued by the American Institute of Certified Public Accountants (AICPA)) and ISAE 3042 (issued by International Auditing and Assurance Standards Board (IAASB)), for the period January 2017 till June 2017. The scope of the assessment was across the width of PeopleStrong’s business along with information system, data security and governance related controls.
Various controls related to logical access, physical security, back-up and recovery, business processes, etc. are checked to ensure that all the right Governance and compliance practices and processes are followed by the internal stakeholders. As an HR SaaS Technology and Solutions provider, PeopleStrong holds critical people and business information for its clients and the SOC 1 assessment provides its clients the opinion of a third party on operating effectiveness of controls deployed at PeopleStrong.
Speaking on the occasion Devashish Sharma, Founding Member & Chief- Strategic Accounts & Alliances at PeopleStrong, shared his thoughts on the customers’ expectations on operational quality, compliance, financial reporting and commitment to excellence validated by completing SSAE 18 (FORMERLY SSAE 16) and ISAE 3042 assessment successfully for the fifth time in a row.
About PeopleStrong:
PeopleStrong is India’s leading human resource (HR) solutions and HR Technology Company, enriching experience of over 175+ corporate customers and over 500,000 users. With the vision to simplify work life, PeopleStrong delivers its technology and services in one offering, using its on-demand technology product PeopleStrong Alt, which has distilled tens of thousands of hours of ‘natural research and development’ a decade long experience of servicing the HR functions of top Indian companies. Known for its penchant to innovate, PeopleStrong has many firsts to its name, the recent one being India’s first native HR App, which aims to transform the future of work and work life in the HR world.
