SOC 2
Definition
A compliance framework for service organizations that defines criteria for managing customer data based on five trust principles.
Overview
SOC 2 (Service Organization Control 2) is an auditing framework developed by AICPA for service providers storing customer data. It evaluates controls related to security, availability, processing integrity, confidentiality, and privacy. SOC 2 compliance requires demonstrating that appropriate controls are in place and operating effectively. Many enterprise customers require SOC 2 reports from their vendors, making it essential for B2B software providers.
Why It Matters
Enterprise buyers increasingly require SOC 2 compliance from vendors before signing contracts. Without it, sales cycles stall and deals are lost to compliant competitors. Maintaining SOC 2 also forces operational discipline that reduces security incidents and data breaches.
How New Odyssey Helps
New Odyssey is SOC 2 compliant and helps clients maintain their own compliance posture with automated control monitoring, evidence collection, and continuous compliance reporting across all integrated systems.