Announcing Pave’s SOC 1 Type II Compliance and SOC 2 Type II Renewal

Announcements
April 10, 2024
1
min read
by
Pave Team

Continuing our commitment to trust and security.

Pave is happy to announce that we have completed our SOC 1 Type II and SOC 2 Type II audit reports. Our mission is to help customers build confidence in every compensation decision, which means ensuring confidence in the security, reliability, and accuracy of our platform. 

 

More broadly, our vision is to create a labor market built on trust, and having an external auditor review our security commitments and security program ensures that we are living up to it. With our compliance and renewal certifications, our customers can have complete trust using Pave to develop, execute and communicate their advanced compensation strategies with real-time data.

SOC 2 Type II and SOC 1 Type II for Pave

A SOC 2 Type II covers areas such as risk management, access controls, change management, data security and data availability. This year as well, for the first time, we have completed a SOC 1 Type II audit, which covers controls around financial data—in our case, this applies to the processing of salary and equity changes in our Compensation Workflows.  

Pave gives a layer of security to compensation planning that spreadsheets can’t 

For most companies, compensation is the singular largest expense to manage—and yet changes are still done via spreadsheets—which are difficult to audit and prone to error 😱.  Pave offers a verifiably secure platform for your compensation strategy and planning process.  

We’re helping companies move their comp planning out of the stone age of impossible-to-audit spreadsheets, and into a modern-day platform built specifically for detailed and scalable audit trails, approvals, verifications and validations.  

If you’re a current customer you can request a copy of either the SOC1 or SOC2 audit report from your customer success manager or email us at support@pave.com. If you’re not a customer yet, sign up for a demo to see our compensation workflows in action.

Learn more about Pave’s end-to-end compensation platform
Pave Team
Pave Team
Pave is a world class team committed to reinventing the world of compensation and help build a more transparent future of work.

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