25, September, 2024
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How to get the NetSuite SOC 1 Report
Biography
David Lee brings over 3 years of CRM experience to the table, with a proven track record of success in helping businesses leverage technology to achieve their customer relationship goals. He is a data-driven CRM strategist with a keen understanding of how to utilize CRM systems to gain actionable customer insights and personalize customer interactions. David is a regular contributor to industry publications and frequently speaks at CRM conferences, sharing his knowledge and best practices with the CRM community. He holds a Master's degree in Business Administration (MBA) with a specialization in Marketing.
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Biography
Anna Rodriguez is a CRM consultant with 4 years of experience in helping businesses across various industries select, implement, and manage their CRM systems. She is skilled in CRM system customization, data migration, and user adoption strategies. Anna is passionate about helping businesses unlock the full potential of their CRM systems and fostering a customer-centric culture within organizations. She constantly keeps on top of the newest industry trends and holds a Bachelor's degree in Information Technology.
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Latest Update:
Jul 15, 2024, 1:52 pm
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Quick Introduction:
In this blog, we will be talking about how to get your hands on the NetSuite SOC 1 report. You can get this report for any service organization that handles your data. Service companies like NetSuite usually need the SOC 1 report so organizations like yours can keep trusting them with their data.
NetSuite handles a large amount of sensitive data for various high-profile clients. This blog is specifically catered to how to get the SOC 1 report for NetSuite.
Let us first understand what a SOC 1 report is.
What is a SOC 1 Report?
SOC stands for System and Organization Controls (SOC) reporting. A SOC 1 report is an independent audit conducted by a third-party firm. It checks how well NetSuite has implemented security measures for the privacy and security of client data. It sheds some light on the internal controls and ensures NetSuite clients that their data is safe and secure.
NetSuite offers two types of SOC 1 reports:
- SOC 1 Type I Report: This report provides a snapshot of the security controls in place at a specific point in time. It’s like a picture of the security measures on a particular day.
- SOC 1 Type II Report: This report goes a step further. It evaluates not only the design of the controls but also how effectively they’re implemented and followed over some time. It is usually taken for the last 12 months.
How to get a SOC 1 Report?
Here is how you can request a copy of the SOC 1 report. There are two ways to do so:
1. Contact Your NetSuite Account Manager
If you have a NetSuite account, you must have a dedicated NetSuite account manager. They will verify if you are eligible to get a report based on your account.
Once verified, they will either guide you on how to do it or send you one.
2. NetSuite Resource Center
In this case, you might have to ask for some permissions to access the NetSuite resource center. If you don’t secure these permissions, you might see something like the below screenshot and you won’t be able to access the SOC 1 report.
SOC 1 reports are a part of the NetSuite resource center along with other compliance documentation. You can access these reports by visiting the NetSuite website.
Here are the detailed steps to access the report:
- Log into your NetSuite Account. Click on NetSuite Account Center.
- One of the tabs will say Privacy Compliance. Click on it.
- Click on Audit Report Request.
- Click the New Audit Report Request option and fill in the requested details.
- Once submitted, you will get the report on your registered Email ID.
Wrapping Up
Your data is one of the most important things for your organization. Therefore, you need to assess the SOC 1 report carefully to decide who to trust your data with.
So, it’s important to leverage this resource and help your organization embark on a secure and confident NetSuite journey.
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