We’re thrilled to announce that Payapps has achieved ISO 27001 certification, reinforcing our commitment to information security in the Construction Software as a Service (SaaS) industry. As the leading progress claim platform in the construction solutions space, this achievement marks a significant milestone in our journey towards providing an even safer and more secure environment for our customers.
What is ISO 27001?
For those unfamiliar, ISO 27001 is an internationally recognised standard for managing risks to the security of information an organisation holds. It provides a set of standardised requirements for an Information Security Management System (ISMS). The adoption of this standard is a formal approach to securing sensitive company and customer data, meaning it’s not just about IT but involves the whole organisation.
Dual Certifications: ISO 27001 and SOC 2
We are proud to add that Payapps has also attained SOC 2 compliance, a certification more U.S-centric but equally rigorous. Holding both ISO 27001 and SOC 2 certifications underscores our commitment to security, serving customers globally with diverse regulatory needs.
In light of this achievement, our Chief Information Security Officer (CISO), Jeremy Newman, had this to say: “Achieving ISO 27001 certification is a monumental milestone that reflects our dedication to ensuring the highest levels of security for our customers. In the construction SaaS industry, where the stakes are high and the data is sensitive, this certification sends a clear message: Payapps is committed to safeguarding your trust and your data, today and into the future.”
Jeremy’s statement encapsulates the essence of why we undertook this rigorous process and how it aligns with our long-term vision for excellence in data security within the Construction SaaS sphere.
The Rising Importance of Security amidst Data Breaches
In recent years, the frequency and scale of data breaches have underscored the critical need for enhanced security measures across all industries, including construction SaaS. Such breaches not only compromise sensitive data but also erode the trust of our customers. In this landscape, our dual certifications—ISO 27001 and SOC 2—serve as more than compliance checkboxes; they are proactive steps to secure Payapps against potential risks and vulnerabilities.
Why is ISO 27001 Crucial for Construction SaaS?
- Data Sensitivity: Construction projects often involve confidential information, such as financial transactions, that need to be kept secure.
- Trust: Customers are more willing to trust a SaaS solution that has robust security measures in place, validated by an internationally recognised standard.
- Compliance: Many customers and partners require ISO 27001 compliance as part of their own compliance requirements or risk management strategy.
What Does This Mean for Our Customers?
With our newly acquired ISO 27001 certification, customers can rest assured that their progress claim data is managed under strict information security controls.
Being ISO 27001 certified not only boosts our own standing but also gives our customers a competitive advantage, demonstrating a commitment to high levels of data security when bidding for new projects.
For customers subject to regulatory requirements around data security, our ISO 27001 certification helps simplify compliance, saving time and resources.
The ISO 27001 certification is more than a checkbox; it is a testament to Payapps’ commitment to maintaining the highest levels of security and reliability in the fast-paced, ever-evolving Construction SaaS landscape. Here’s to a safer, more secure future for everyone involved in the construction industry!
Looking for a secure construction payment solution? Discover the Payapps difference today!