ePlus Completes Type 2 SSAE 18 Examination for Managed Services Center and OneSource Family of Software Products
October 31 2019 - 8:30AM
Business Wire
ePlus inc. (NASDAQ NGS: PLUS – news) today announced that it has
successfully completed the Type 2 SSAE 18 (Statement on Standards
for Attestation Engagements) examination, also commonly referred to
as Service Organization and Controls (SOC 1) Report, for its
Managed Services Center and OneSource family of software products
that provide information technology acquisition, asset management,
procurement, and catalog management software services. The Type 2
SSAE 18 examination, formerly known as SSAE 16, was performed in
accordance with the standards established by the American Institute
of Certified Public Accountants (AICPA).
The SSAE 18 examination provides customers and auditors with an
understanding that the description of services and solutions
provided by ePlus are fairly presented and suitably designed. The
Type 2 component of SSAE 18 provides an objective evaluation that
ePlus’ controls were operating effectively during the specified
period of the examination.
“Through this SSAE 18 independent examination, ePlus has again
shown that our Managed Services Center delivery model is able to
provide consistent, repeatable solutions to customers,” said Dan
Farrell, senior vice president of global services for ePlus.
“Security and operations optimization continue to be top of mind
for organizations, and we are pleased to provide customers with
actionable insight and professional technical support to maximize
the return of their investments.”
“ePlus is proud to receive our 13th consecutive Independent
Auditors Report for Type 2 SSAE 18. This achievement demonstrates
our commitment to customers to establish the appropriate control
objectives and activities to provide the proper benchmarking for
the Type 2 SSAE 18,” said Ken Farber, president of ePlus
Software.
The ePlus SSAE 18 report includes the service auditor’s opinion
that:
- The description provided by ePlus fairly presents the Managed
Services Center system and OneSource family of software products
that was designed and implemented throughout the period of August
1, 2018 to July 31, 2019.
- The controls related to the control objectives stated in the
description were suitably designed to provide reasonable assurance
that the control objectives would be achieved if the controls
operated effectively throughout the period of August 1, 2018 to
July 31, 2019, and user entities applied the complementary user
entity controls contemplated in the design of ePlus’ controls
throughout the period of August 1, 2018 to July 31, 2019.
- The controls tested, which together with the complementary user
entity controls referred to in the scope paragraph of the report,
if operating effectively, were those necessary to provide
reasonable assurance that the control objectives stated in the
description were achieved, operated effectively throughout the
period of August 1, 2018 to July 31, 2019.
About ePlus Managed Services
ePlus Managed Services help enterprises cost-effectively
monitor, control, and proactively manage their IT infrastructure,
and off-load a significant burden of day-to-day IT tasks to
optimize internal IT operations and mitigate risk. ePlus has
delivered Managed Services for more than 10 years to a wide range
of clients across multiple industry verticals through its 24/7/365
Managed Services Centers. Visit
www.eplus.com/services/managed-services for more information.
About ePlus Software, LLC
ePlus Software, LLC., a wholly owned subsidiary of ePlus
Technology, inc., delivers eProcurement and related solutions and
services to help public sector clients and commercial organizations
across all industries get the most value from their spend. Its
diversified portfolio of solutions includes eProcurement, supplier
enablement, catalog content management, spend analytics, document
management, and asset management. These solutions help drive cost
savings, improve compliance, and enhance productivity throughout
the organization. ePlus solutions are offered as hosted Software as
a Service (SaaS) and traditional enterprise licenses. Visit
www.eplus.com/services/supply-chain-solutions for additional
details.
About ePlus inc.
ePlus is a leading consultative technology solutions provider
that helps customers imagine, implement, and achieve more from
their technology. With the highest certifications from top
technology partners and lifecycle services expertise across key
areas including security, cloud, data center, collaboration,
networking and emerging technologies, ePlus transforms IT from a
cost center to a business enabler. Founded in 1990, ePlus has more
than 1,500 associates serving a diverse set of customers in the
U.S., Europe, and Asia-Pac. The Company is headquartered at 13595
Dulles Technology Drive, Herndon, VA, 20171. For more information,
visit www.eplus.com, call 888-482-1122, or email info@eplus.com.
Connect with ePlus on Facebook, LinkedIn, Twitter and Instagram.
ePlus, Where Technology Means More®.
ePlus®, Where Technology Means More®, and ePlus products
referenced herein are either registered trademarks or trademarks of
ePlus inc. in the United States and/or other countries. The names
of other companies, products, and services mentioned herein may be
the trademarks of their respective owners.
Statements in this press release that are not historical facts
may be deemed to be “forward-looking statements.” Actual and
anticipated future results may vary materially due to certain risks
and uncertainties, including, without limitation, our ability to
secure our electronic and other confidential information or that of
our customers or partners; future growth rates in our core
businesses; our ability to protect our intellectual property; the
impact of competition in our markets; the possibility of defects in
our products or catalog content data; our ability to adapt to
changes in the IT industry and/or rapid change in product
standards; possible adverse effects resulting from financial market
disruption and fluctuations in foreign currency rates, and general
slowdown of the U.S. economy such as our current and potential
customers delaying or reducing technology purchases or put downward
pressure on prices, increasing credit risk associated with our
customers and vendors, reduction of vendor incentive programs, and
restrictions on our access to capital necessary to fund our
operations; our ability to consummate and integrate acquisitions;
the possibility of goodwill impairment charges in the future;
significant adverse changes in, reductions in, or losses of
relationships with major customers or vendors; the demand for and
acceptance of, our products and services; our ability to adapt our
services to meet changes in market developments; our ability to
implement comprehensive plans to achieve customer account coverage
for the integration of sales forces, cost containment, asset
rationalization, systems integration and other key strategies; our
ability to reserve adequately for credit losses; our ability to
realize our investment in leased equipment; our ability to hire and
retain sufficient qualified personnel; and other risks or
uncertainties detailed in our reports filed with the Securities and
Exchange Commission. All information set forth in this press
release is current as of the date of this release and ePlus
undertakes no duty or obligation to update this information.
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version on businesswire.com: https://www.businesswire.com/news/home/20191031005020/en/
Kleyton Parkhurst, SVP ePlus inc. kparkhurst@eplus.com
703-984-8150
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