National Lease Advisors recently completed its annual SOC 2, Type 1 audit with an independent certified public accounting firm and maintained its designation as a compliant service organization.
The firm’s commitment to providing clients and prospective clients with the assurance that NLA has implemented effective controls to protect the confidentiality, integrity, and availability of their systems and data is a priority to the firm and the reason it continues to maintain the designation year after year.
“We believe that maintaining the commitment to go through audits each year shows our clients that we take our processes and their trust in our team very seriously,” said Michael Muna, co-founder of National Lease Advisors.
SOC (Service Organization Controls) certification is crucial for service organizations as it validates their commitment to data security, privacy, and internal controls. It demonstrates a service organization’s compliance with industry best practices and regulatory requirements, enhancing their credibility and trustworthiness. SOC certification also helps service organizations identify and address potential risks and weaknesses in their operations, leading to improved processes and overall performance. It serves as a competitive advantage by demonstrating a service organization’s dedication to maintaining the highest standards of security and control, which is critical in today’s business landscape where data protection and privacy are paramount.
National Lease Advisors is one of the top lease administration firms in the country and has made a niche by focusing on US-based and global firms with less than 1,000 locations. According to Ed Muna, company president, “Our model was developed to provide a level of service that the full-service global brokerage firms cannot achieve. We have been fortunate to earn the trust of many great businesses with a portfolio of real estate and look forward to the continued growth that having audited processes can provide.”