Synectics Group announces that it has again met or exceeded SAS-70 audit standards.  “While technically not a certification, we are proud that the audit process revealed no exceptions in the opinion section of the Type II report.”, says Alex Ring, President of Synectics Group.
 
Publicly held clients mandate their trade promotion management vendor be SAS-70 compliant.   While your company may be privately held and not require SAS-70 compliance, reviewing the vendor’s audit reports can help you predict the reliability and accessibility of your chosen TPM vendor.  Not all trade promotion management software vendors are SAS70 compliant.

SAS 70 was developed by the American Institute of Certified Public Accountants (AICPA) for service providers that want to prove a high level of insight into the control environment. SAS 70 has become one of the most widely recognized auditing standards for service companies.  A SAS 70 report contains independent auditors’ opinions on the control environment.  Each SAS 70 audit is conducted only by certified professionals adhering to strict standards set by the AICPA.  Each audit contains a detailed overview of the control environment, an auditor’s opinion and the audit results in a detailed matrix.  SAS 70 is the authoritative guidance that allows service organizations to disclose their control activities and processes to their customers and their customers' auditors in a uniform reporting format.

The Synectics Group SAS 70 Type II audit included comprehensive reviews and tests of Synectics Group’s infrastructure, including power, physical and electronic security measures, backup and recovery procedures, network security, maintenance procedures, infrastructure and software development change management, environmental safeguards, and communications.  Synectics Group SAS-70 audit reports are available to clients and potential clients upon request.