ATLANTA, August 17, 2023 — Stord, the Cloud Supply Chain leader, is pleased to announce that it has expanded its System and Organization Controls (SOC 2) compliance, marking a significant milestone for the company. This is the second SOC 2 Type II report Stord has received for Stord One Commerce, its order and inventory management platform (OMS), and the first SOC 2 Type II report for Stord One Warehouse, its warehouse management system (WMS). This report successfully validates Stord’s policies and procedures through an independent third-party assessment, demonstrating Stord’s continued commitment to upholding the most rigorous security standards and protecting its customers' data.
SOC 2 is a voluntary compliance standard for service organizations that specifies how organizations should manage customer data. To meet compliance, participation and buy-in were required across the Stord organization, including HR, legal, security, etc. This compliance offers a range of benefits that further solidify Stord's commitment to its customers and the industry:
Customer Confidence: By adhering to the SOC 2 compliance standards, Stord ensures the protection of its customers' data, fostering a sense of trust and confidence while using the cloud supply chain platform.
Accelerated Sales Process: SOC 2 compliance is an industry-recognized security standard that streamlines the sales process, particularly for security-conscious customers. With SOC 2 compliance, Stord can enable faster and more efficient sales engagements.
Competitive Advantage: Holding a SOC 2 attestation sets Stord apart from its competitors by positioning itself as a trusted and reliable partner for customers seeking a secure cloud supply chain solution.
Reduced Enterprise Risk: SOC 2 compliance plays a vital role in mitigating enterprise risks with a robust framework that safeguards customers' data and protects the integrity of its supply chain platform.
"Expanding SOC 2 compliance for Stord marks a significant milestone in our commitment to data security and customer trust,” said Codi Handley, Director of Security and IT. “All of us at Stord are dedicated to vigorous security measures that help protect our customer’s data. Having our policies and procedures validated by a third party reaffirms how seriously we are committed to being the trusted partner for retailers.”
Furthering its commitment to compliance, security standards, and privacy, Stord also has released a new Stord Trust Center. This tool provides additional material about the company’s security and privacy practices for Stord customers (current and future ones). Customers will gain transparency on Stord’s controls, and be able to request the latest SOC 2 report, SOC 3 report, and other documents directly from the trust center. Visit the trust center at trust.stord.com.