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Exchange Manager Pro(SM) Achieves SOC 2 Type II Compliance
In Fall 2022, Exchange Manager ProSM completed its’ SOC 2 Type I Report, which reviewed Accruit’s internal processes and procedures in relations to how both the company and its software handles customer data. Successfully achieving SOC 2 Type I established that Accruit’s procedures for handling customers data and information met the industry leading requirements for safeguarding customer data.
Over the past nine months, Johanson Group with the help of Secureframe has been reviewing in detail the information and assurance of the execution of the controls Accruit has in place relevant to security, availability, and processing integrity of Exchange Manager ProSM pertaining to users’ data and the confidentially and privacy of the information processed. By achieving SOC 2 Type II, Johanson Group attests to Accruit’s information security controls meet the leading industry standards for security, confidentiality, availability, privacy, and processing.
Starting out as Accruit’s in-house software for processing 1031 Exchanges, Exchange Manager ProSM, is now a SaaS (Software as a Service) offering utilized by several Qualified Intermediaries to process their 1031 Exchanges. Through embedded controls, automated workflows and digital document creation and execution, Exchange Manager ProSM has revolutionized the way in which 1031 Exchanges are processed across the industry.
“By developing Exchange Manager ProSM, a cloud-based technology, Accruit is quickly revolutionizing the 1031 exchange marketplace and becoming the industry standard. Utilizing Exchange Manager ProSM for the efficient processing of 1031 Exchanges is why we dedicated time and effort to ensure our client’s data is managed through tested redundancies, high security and uncompromised procedures,” stated Brent Abrahm, CEO of Accruit.
About Accruit Technologies
Accruit Technologies, a wholly owned subsidiary of Inspira Financial, developed Exchange Manager ProSM, a proprietary, cloud-based SaaS application that makes administering 1031 exchanges safe, secure, and simple. Exchange Manager ProSM SOC 2 Type I and Type II certified, is designed to automate routine functions of Qualified Intermediaries including online client onboarding, document creation and distribution, and automatic deadline reminders and notifications.
