Independent Audit Validates Manhattan's Computer Controls, Data Processing
SUNNYVALE, Calif., March 26, 2019 — (PRNewswire) — Trimble (NASDAQ: TRMB) announced today its Manhattan Integrated Workplace Management System (IWMS) software has obtained a System and Organization Controls for Service Organizations (SOC 1) Type 2 certification. The SOC 1 Type 2 certification provides an assertion to the suitability of the design and operating effectiveness of the general computer controls within Manhattan, including the new controls specific to the recently launched Lease Compliance modules.
Manhattan is a modular, enterprise software solution for planning, managing and optimizing an organization's real estate portfolio. Manhattan is designed to streamline processes, improve control, maximize resource utilization and help reduce total costs across the entire facility lifecycle. In addition, Manhattan's Lease Compliance modules provide support for real estate accounting under the new lease accounting regulations ASC 842 and IFRS 16.
The independent audit was conducted in the U.S. and UK by RSM, a leading multi-national network of accounting firms. RSM conducted the audit of Manhattan based on the standards and guidelines set by the American Institute of Certified Public Accountants (AICPA). The audit firm assessed written documentation of the internal cloud computing controls over financial reporting in a software-as-a-service (SaaS) environment.
"As compliance with lease accounting standards becomes increasingly complex, the SOC 1 Type 2 certification gives finance and accounting professionals independent validation and assurance that Manhattan software meets or exceeds the industry's most trusted standard for financial controls, in relation to security, availability and confidentiality," said Craig Gillespie, business area director of Real Estate & Workplace Solutions for Trimble Buildings.
About Trimble Buildings
Trimble Buildings provides the widest breadth of technology solutions for managing real estate portfolios, optimizing building construction projects and streamlining workplace operations. Trimble solutions are tailored for each phase of the building lifecycle—from the initial survey to design, construction and operation—and enable stakeholders such as architects, engineers, contractors, building managers and property owners to gain agility and insight. With the industry's only construction-ready BIM and full range of tools and content to streamline team collaboration, Trimble solutions make data from complex projects more meaningful and actionable to improve productivity and achieve operational excellence. For more information visit: buildings.trimble.com.
Trimble is transforming the way the world works by delivering products and services that connect the physical and digital worlds. Core technologies in positioning, modeling, connectivity and data analytics enable customers to improve productivity, quality, safety and sustainability. From purpose built products to enterprise lifecycle solutions, Trimble software, hardware and services are transforming industries such as agriculture, construction, geospatial and transportation and logistics. For more information about Trimble (NASDAQ: TRMB), visit: www.trimble.com.