SUNNYVALE, Calif, —Trimble (NASDAQ: TRMB) announced today its Manhattan Integrated Workplace Management System (IWMS) software has obtained a System and Organization Controls for Service Organizations (SOC 1) Type 2 certification. The SOC 1 Type 2 certification provides an assertion to the suitability of the design and operating effectiveness of the general computer controls within Manhattan, including the new controls specific to the recently launched Lease Compliance modules.
Manhattan is a modular, enterprise software solution for planning, managing and optimizing an organization's real estate portfolio. Manhattan is designed to streamline processes, improve control, maximize resource utilization and help reduce total costs across the entire facility lifecycle. In addition, Manhattan's Lease Compliance modules provide support for real estate accounting under the new lease accounting regulations ASC 842 and IFRS 16.
The independent audit was conducted in the U.S. and UK by RSM, a leading multi-national network of accounting firms. RSM conducted the audit of Manhattan based on the standards and guidelines set by the American Institute of Certified Public Accountants (AICPA). The audit firm assessed written documentation of the internal cloud computing controls over financial reporting in a software-as-a-service (SaaS) environment.
"As compliance with lease accounting standards becomes increasingly complex, the SOC 1 Type 2 certification gives finance and accounting professionals independent validation and assurance that Manhattan software meets or exceeds the industry's most trusted standard for financial controls, in relation to security, availability and confidentiality," said Craig Gillespie, business area director of Real Estate & Workplace Solutions for Trimble Buildings.
Source : Trimble