iLeasePro Achieves SOC 1 Type 2 Certification
At LeasePro, trust, transparency, and compliance have always been at the heart of our mission. We are proud to announce that iLease Management LLC and iLeasePro have successfully attained SOC 1 Type 2 certification, marking a major milestone in our commitment to delivering secure, reliable, and compliant lease management solutions.
Official press release here: iLease Management and iLeasePro Attain SOC 1 Type 2 Certification .
What SOC 1 Type 2 Certification Means
SOC 1 Type 2 certification is one of the most rigorous audits for SaaS providers. Unlike Type 1, which assesses control design at a point in time, Type 2 evaluates the operational effectiveness of these controls over an extended period.
By achieving this certification, iLeasePro has proven that our internal processes, data handling, and system reliability consistently meet the stringent standards established by the American Institute of Certified Public Accountants (AICPA).
Why This Matters for Our Clients
Managing lease accounting under ASC 842 and IFRS 16 is complex. Clients need the assurance that their data and financial reporting are not only accurate but also securely managed. With SOC 1 Type 2 certification, iLeasePro clients gain:
- Independent Assurance – Confirmation that sensitive lease data is safeguarded with industry-leading controls.
- Audit Readiness – Simplified preparation for internal and external audits, supporting ASC 842 compliance.
- Operational Trust – Confidence that controls are not only well-designed but proven effective over time.
- Risk Reduction – Lower chance of reporting errors, missed obligations, or compliance gaps.
A Milestone in Our Growth
This certification is more than a compliance benchmark—it represents our long-term dedication to building solutions that combine cost-effectiveness with enterprise-grade security. Our platform helps finance teams manage real estate, equipment, and vehicle leases with clarity and precision, while staying ahead of compliance demands.
We are deeply grateful to our clients for their trust and to our team for their hard work in making this achievement possible.
Looking Ahead
The SOC 1 Type 2 certification is a foundation for what’s next at iLeasePro. From expanding AI-powered lease insights to enhancing compliance dashboards, we remain committed to empowering organizations with the tools they need to remain compliant, efficient, and audit-ready.
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