IDS On-Time issued SOC 1®
Monday, October 9, 2017 – Insite Data Services On-Time has been issued the SOC 1® review and report. “These reports, prepared in accordance with AT-C section 320, Reporting on an Examination of Controls at a Service Organization Relevant to User Entities’ Internal Control Over Financial Reporting, are specifically intended to meet the needs of entities that use service organizations (user entities) and the CPAs that audit the user entities’ financial statements (user auditors), in evaluating the effect of the controls at the service organization on the user entities’ financial statements.” according to AICPA.
RSM was onsite in July of 2017 to conduct the onsite portion of the annual SOC audit. These auditors directly observed IDS On-Time staff members, engaged the staff through questions and in-depth analysis, as well as conducted interviews. The annual audit includes an examination of control related policies, procedures, and other artifacts that document and demonstrate the processes stated above.
Insite Data Services™ (IDS) is an application hosting service that combines secure and cost-effective core banking solutions, enterprise-class servers and storage, and proven virtualization technology. The certified IDS team offers a comprehensive provides a comprehensive IT outsourcing alternative by maintaining the physical host servers and storage. This provides banks with a worry-free solution for server maintenance and prevents large capital expenditures for outdated software and equipment.
IDS On-Time from Insite Data Services is a full service solution. A team of experts in bank operations is committed to back office processing to allow bankers the freedom to focus on their bank and not the distraction of day to day processes. It also eliminates the need for costly equipment, maintenance, supplies, and labor.