SOC 1 and SOC 2: Compliance Made Simple for Your Company
Today, any company that handles data, financial processes, sensitive information, or technology services for third parties needs to demonstrate security, control, and operational maturity. That’s why SOC 1 and SOC 2 reports have become a global standard for service providers, SaaS, fintech, BPO, cloud companies, and organizations operating in regulated environments.
If your company provides services to other organizations, this guide will help you understand what each report requires, when they apply, and why they are so important for 2026.
🔍 What is SOC 1?
It evaluates the controls that affect your clients’ financial statements. It is essential for services that influence accounting processes, payroll, billing, and SOX reporting.
Ideal for:
- Financial BPO
- Accounting processes
- Payroll processes
- Billing and collection
- Services with ICFR/SOX impact
- Billing SaaS / ERPs / Payroll systems, etc.
🔍 What is SOC 2?
It evaluates security, availability, processing integrity, confidentiality, and privacy according to the AICPA’s Trust Services Criteria (TSC).
Ideal for:
- SaaS
- Fintech
- Cloud service
- Data centers
- Data BPO
- Technology pages
Why are these essential for service providers?
- Increase market trust
Clients prefer—and increasingly require—working with providers that inspire confidence. - Reduce supply-chain risks
SOC 1 and SOC 2 demonstrate robust controls and reliable processes. - Simplify procurement and due-diligence processes
With a SOC report, you avoid hundreds of security questionnaires. - Give you immediate competitive advantage
Many bids and contracts require SOC 1 or SOC 2 as a prerequisite. - Align your company with international standards
AICPA, SOX, TSC, NIST, and global best practices.
Which one do you need? SOC 1, SOC 2… or both?
- If your service impacts your clients’ financial processes → SOC 1
- If you handle data, applications, platforms, or technology → SOC 2
- If you do both → You need both reports
More and more companies are requiring both to operate securely and reliably.
In summary:
SOC 1 protects financial information.
SOC 2 protects technological and operational information.
Both protect the trust your business needs to grow.
Want to know which report your company needs and how to prepare correctly?
📩Write to me and I’ll help you with an initial assessment.
📧 info@nextayc.com
📱 +57 305 294 6290
🌐 www.nextayc.com
If you want to improve your company’s security and follow a compliance strategy based on SOC 1 and SOC 2, we are ready to help you. We can also assess your current maturity level and identify gaps in more detail. This way, your organization will be ready to operate with greater confidence, transparency, and strength—both for your clients and in the market.
#SOC1 #SOC2 #InformationSecurity #Cybersecurity #AICPA #SaaS #Fintech #BPO #NextAudit #Compliance #AuditReady
