Our regulated customers keep asking for more compliance frameworks to cover our hosted service, and doing each one by hand would swamp our small team. We need automation that spans several frameworks, not just one attestation, without a dedicated compliance hire, a long procurement cycle, or enterprise-only pricing.
Fintech · Finance & Accounting Software · 1000+ · North America #b011_25
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We provide global payables, payouts and finance automation software for mid-sized and large companies paying suppliers worldwide.
- Industry
- Fintech · Finance & Accounting Software
- Size
- 1000+ employees
- Region
- North America
- Tools budget
- $20K+ per month
- Needs
- SOC 2 / ISO 27001 automation. We maintain several security attestations and want evidence collection for renewals to be less manual.Today: published independent audit reports and annual penetration tests handled by a large compliance team · Urgency: this yearPrivacy & data protection (GDPR/HIPAA). We store payee personal and banking data across many countries and must meet privacy rules everywhere.Today: encryption and a regional privacy notice applied across payee data flows · Urgency: this yearFraud prevention. Supplier payment fraud attempts grow as we pay more payees in more countries.Today: machine-learning pattern detection with manual blocking of suspicious payees · Urgency: later
- Who decides
- ciso security · procurement
- Expects from suppliers
- Global privacy compliance; Enterprise security attestations; Multi-currency support
- Not a fit
- Single-country tools; Vendors without audit reports
- Stack
- cloud: AWS-class hyperscaler, compliance tooling in place, core banking / ledger system
- Buying triggers
- upcoming audit or certification, scaling transaction volume
Needs
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