Stord Expands SOC 2 Type II Compliance, Strengthening Customer Trust and Data Security
Stord Expands SOC 2 Type II Compliance, Strengthening Customer Trust and Data Security
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.
About Stord
Stord is the physical intelligence layer for independent commerce. Stord provides the fulfillment network, commerce software, AI, and applied robotics that brands need to compete on the quality of their direct consumer relationships, from the delivery promise shown at checkout to the return that converts into a repurchase. That's how Stord helps brands grow revenue, reduce costs, and delight consumers. Through Stord Labs, Stord is advancing the physical intelligence layer that makes its network faster and smarter with every order. With nearly 100 fulfillment locations worldwide, more than 1,000 brands, and over $15 billion in GMV processed annually, Stord's packages touch one in four U.S. households every year. Stord is headquartered in Atlanta, GA. For more information, visit stord.com.
Forward-Looking Statements
This press release contains forward-looking statements within the meaning of applicable securities laws regarding future products, features, timelines, expected results, and business plans. These statements may include, without limitation, statements about anticipated product developments, demand planning capabilities, and other future initiatives. Forward-looking statements are based on current expectations and assumptions and are subject to risks, uncertainties, and other factors that could cause actual results to differ materially from those expressed or implied. Stord undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, or otherwise.