OMAHA, Neb., (March 10, 2020) – LTi Technology Solutions (LTi), a leading provider in equipment finance software solutions, is proud to announce today that it has achieved Service Organization Control (SOC) 1 Type II and SOC 2 Type II compliance audits for LTi’s ASPIRE Platform and products hosted via LTiCloud, the company’s cloud environment.
SOC 1 and SOC 2 compliance certifications are standards of attestation defined by the American Institute of Certified Public Accountants (AICPA), certifying that LTi has met the rigorous criteria relating to security, availability, confidentiality, and privacy of our data.
LTi Senior Vice President and Chief Operating Office, Bill Weeks, expressed, “This is LTi’s ninth consecutive year that LTi has completed SOC 1 Type II certification and the second year that we have completed SOC 2 Type II certification. Completing these audits is a testament to the ongoing commitment LTi has to ensuring our comprehensive control framework is secure and demonstrates our process excellence and maturity.”
Service Organization Control (SOC) 1 Type II: This certification demonstrates LTi’s dedication to protecting our customers’ security of sensitive data. In accordance with the Statement on Standards for Attestation Engagement No. 18 (SSAE 18), receiving a SOC 1 Type II certification assures our customers that we have the proper internal controls in place to deliver high quality, secure services. SOC 1 Type II certification also certifies that LTi consistently follows the controls it has in place to ensure confidentiality, integrity, and availability.
Service Organization Control (SOC) 2 Type II: This certification is the most rigorous certification within the SOC protocol spanning a comprehensive annual evaluation. Obtaining SOC 2 Type II certification shows that LTi has the highest level of commitment to proving our systems are designed to keep customers’ sensitive data secure. Obtaining SOC 2 Type II certification gives our customers the peace of mind knowing that specific security processes and controls are in place and has been extensively evaluated by an independent auditor.
About LTi Technology Solutions
LTi Technology Solutions (formerly LeaseTeam, Inc.) delivers cutting-edge software and services to equipment finance companies throughout North America and the UK from our Omaha, NE, headquarters. Backed by three decades of experience and expertise, we harness the collective intellect of our diverse team to solve critical business problems for customers every day. Our highly configurable platform, ASPIRE, empowers users to effectively scale their business by streamlining the lease and loan transaction lifecycle.
For more information, call (800) 531-5086 or visit
www.ltisolutions.com.