LBMX Achieves SOC 2 Type 2 Certification
LBMX Inc. is excited to announce that it has successfully achieved System and Organization Controls (SOC) 2 Type 2 certification in accordance with the standards established by the American Institute of Certified Public Accountants (AICPA).
SOC 2 is a technical auditing process conducted by independent auditors to measure the security of an organization’s unique data processing systems and determine whether effective safeguards and controls are in place. LBMX has always maintained strict information security policies and procedures, encompassing the security, availability, processing, integrity, and confidentiality of customer data. SOC 2 independently validates that these strict measures are in line with the unique parameters of today’s cloud requirements.
Receiving the SOC 2 Type 2 attestation demonstrates that LBMX has taken all the security and policies that were created in the Type 1 certification and proven to an outside auditor that over a period of six months they are following all policies and procedures. This means that customers can trust that their data is safe and secure with LBMX, and more importantly they can trust that LBMX is continually following the process to ensure that security.
LBMX decided to pursue SOC 2 certification to demonstrate its commitment to its customers that it takes data security seriously. “Protecting customer data is our number one priority,” says Tony Feuz, Chief Technology Officer at LBMX. “Gaining our Type 2 certification shows LBMX’s commitment to the security and privacy of our customers and I could not be prouder of our entire company who has quickly absorbed these best practises into our culture and day-to-day operations.”
As LBMX leads the way in transforming how independent businesses and their trading partners collaborate, the company remains dedicated to enhancing security measures and continuously raising the bar to meet their customers’ evolving needs. LBMX’s commitment to innovation is matched by their focus on maintaining the highest standards of protection and reliability.
LBMX offers a business-to-business marketplace platform, helping independent businesses, their buying groups, and suppliers buy better and sell more. Its Private Group Marketplace for Groups has transformed billing and ordering, rebate management, real-time analytics, e-commerce and product information management across the building materials, HVAC, plumbing, sporting goods, industrial supply, manufacturing, and agricultural industries. Its LBMX Supply Cloud platform allows suppliers to look at their industrial distribution customers through one lens, offering full EDI, PIM, Analytics and Payments.
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