in The Forrester Wave™: Digital Operations Platforms For Manufacturing Businesses, Q3 2020.
AUBURN HILLS, Mich., March 8, 2012 -- Plex Systems Inc., provider of Plex Online, Cloud ERP for manufacturers, today announced an independent auditing firm has confirmed its compliance with SSAE 16, an auditing standard that replaces SAS 70. Plex Systems has received a SOC 1 report and the SOC 2 report is in progress.
Presented by the Auditing Standards Board (ASB) of the American Institute of Certified Public Accountants (AICPA), the Standards for Attestation Engagements (SSAE) 16 introduces reporting requirements for service organizations while facilitating convergence of accounting standards between the U.S. based framework and the globally accepted principle (ISAE 3402) for reporting on controls at service organizations.
Companies undergoing an SSAE 16 examination produce a description of their "system" along with providing an Assertion by management. The system includes services provided, along with the supporting processes, policies, procedures, personnel and operational activities that constitute the service organization's core activities. The "written assertion" by management forms one of the key differences with previous standards which did not require this document.
"The community of Plex Online users can be assured that our compliance with SSAE 16 acknowledges we have met evolving auditing standards for our business processes," said Plex Systems VP of Infrastructure Tom DeCoe. "Adjusting our processes to adhere to these auditing standards ensures we are in compliance in the US market and addressing the globally accepted ISAE 3402 principles."
Plex Systems, Inc.® delivers the first smart manufacturing platform that empowers the world’s leading innovators to make awesome products. Plex gives process and discrete manufacturers the ability to connect, automate, track and analyze every aspect of their business—from the shop floor to the top floor —to drive business transformation. Built in the cloud, the Plex Smart Manufacturing Platform includes MES, ERP, supply chain planning, Industrial IoT, and analytics to connect people, systems, machines, and supply chains, enabling them to lead with precision, efficiency and agility in an ever-changing market.
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