TekCollect, the industry’s leading accounts receivable management company, is undergoing its SSAE16 SOC 1 – Type II Audit this year.

The SSAE16 SOC 1 – Type II Audit is the authoritative guideline to ensure service organizations demonstrate maximum controls and safeguards and compliance when processing customer data and financials. It is an important means for businesses to show customers and affiliates that their control practices have been rigorously tested and validated.

TekCollect has chosen to submit to an SSAE16 SOC 1 – Type II Audit because of their commitment to customer protection and privacy. The process takes six months of extensive review, monitoring a company’s accounting systems, organizational structure, risk management, IT security and controls, change management, transaction processing and more, by an independent service auditor. The external auditing firm chosen by TekCollect is Skoda Minotti Risk Advisory Services.

“Robust data security is more important than ever,” said David Hughes, Vice President of Information Technology at TekCollect. “Our SSAE16 SOC 1 – Type II Audit ensures our customers that we have the same industry standards in security as a large financial institution like Chase Bank, and we welcome the audit as an ongoing means to reassure our clientele.”

To learn more about Skoda Minotti Risk Advisory Services, visit www.assuranceconcepts.com
TekCollect provides comprehensive accounts receivable management, collections and customer retention solutions to nearly 20,000 businesses nationwide. The Company partners with business owners to optimize their internal accounting practices, limit and control delinquencies, and improve positive cash flow for the long-term. TekCollect’s technologically advanced approach generates the highest recovery ratios in the marketplace, and their non-alienating strategies preserve business’s valued customer relationships. For more information, visit http://www.tekcollect.com.

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