Orchard Park, NY – Orion Capital Solutions is proud to announce the successful completion of its System and Organization Controls (SOC) 2 Type 2 examination. Developed by the American Institute of CPAs (AICPA), SOC 2 Type 2 focuses on the critical principles of security, availability, processing integrity, confidentiality, and privacy. Unlike Type 1, which evaluates control design at a single point in time, Type 2 provides a comprehensive assessment of the operational effectiveness of those controls over an extended period.
This achievement underscores Orion Capital Solutions’ commitment to implementing and maintaining robust security measures and processes. The SOC 2 Type 2 certification demonstrates to clients and stakeholders that their sensitive data is managed with the utmost care, ensuring confidentiality and integrity in a constantly changing digital environment.
“Completing our SOC 2 Type 2 examination highlights our dedication to maintaining the highest standards of security and operational excellence,” Kristin LoVallo, HR/Compliance Director at Orion Capital Solutions, said. “This certification not only reinforces the trust our clients place in us but also showcases our proactive approach to exceeding industry standards and safeguarding sensitive information.”
A Milestone in Orion Capital Solutions’ Commitment to Excellence
Since its inception, Orion Capital Solutions has prioritized compliance and integrity across all aspects of its operations, including data security. As a Certified Receivables Business with the Receivables Management Association International (RMAI), Orion is dedicated to surpassing best practices and adhering to rigorous state and federal regulations. Completing the SOC 2 Type 2 examination is another critical step in ensuring exceptional service and robust data security for clients.
Orion Capital Solutions strives to redefine debt resolution by focusing on efficient, empathetic, and consumer-focused solutions that meet the needs of its clients. This mission is further strengthened by the organization’s investment in cutting-edge data protection measures.
Understanding SOC 2 Type 2 Compliance
SOC certification evaluates a third-party service organization’s internal controls. To achieve SOC compliance, a company must establish comprehensive policies and procedures that effectively protect client data. While SOC 1 focuses on controls related to financial reporting, SOC 2 expands to include essential elements such as organizational oversight, vendor management, risk assessment, and regulatory compliance.
By completing the SOC 2 Type 2 examination, Orion Capital Solutions continues to uphold its reputation for operational integrity and data security, setting a high benchmark in the receivables management industry.
Learn More Online
To learn more about Orion Capital Solutions and their business practices, please visit the Orion Capital Solutions website. To learn more about SOC reports and the intense audits and procedures needed to complete an examination, please visit the AICPA website.
About Orion Capital Solutions
Orion Capital Solutions, LLC, headquartered in New York, is a professional, nationally licensed collection agency founded in 2018. With over 30 years of industry leadership experience, Orion provides exceptional services through technology integration and a compassionate team. Committed to aiding consumer financial freedom, Orion offers flexible payment options and creative problem-solving. As a member of RMAI and a Better Business Bureau accredited business, Orion stays abreast of all rapidly-evolving industry changes. Orion’s mission is to deliver trusted debt collection services to creditors while providing accessible payment options.
