Treez Achieves SOC 2 Type II Compliance

Leading Enterprise Cannabis Commerce Provider Completes Compliance Audit in Customer Information Security

SAN FRANCISCO, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Treez, the leading enterprise commerce technology platform that helps retailers accelerate revenue growth, drive better operational efficiency, and increase profits, announced today the successful completion of its Systems and Organization Controls (SOC) 2 Type II audit. The third-party audit validates the efficacy of the internal controls and security protocols employed by Treez in protecting customer data. SOC 2 is a compliance standard developed by the American Institute of CPAs (AICPA), which specifies how service organizations, such as Software as a Service (SaaS) providers manage customer data based on the applicable Trust Services Criteria including security and processing integrity.

In 2022, Treez completed their SOC 2 Type I Compliance independent audit. While the Type I audit evaluates controls and processes at a single point in time to determine whether a company’s controls are designed properly, the Type II audit evaluates controls and processes over an extended period of time to determine whether controls function as intended. Both audits were conducted by Oread Risk & Advisory, a leading CPA firm providing attestation, security, risk management and compliance services.

Suresh Khanna, President and COO of Treez says “Retail dispensaries hold millions of data points as part of their operations. Through this successful SOC 2 Type II attestation, we are doubling down on our commitment to providing our customers with the highest level of security for their data, and applying best practices to help them mitigate the risk that larger enterprise organizations and traditional industries rely upon.”

“Completing the SOC Type II Compliance audit is an incredibly important achievement for a SaaS company,” said Raja Paranjothi, Principal, Oread Risk & Advisory. “The time and resource commitment is not small, and with this SOC 2 Type II report, Treez is stressing how important security and privacy is to them and their cloud commerce customers.”

About Treez
Treez is the leading enterprise cloud commerce platform providing point of sale software, retail analytics, cashless payments and integrated partner solutions to the highest volume retail operators in the biggest state markets in the cannabis industry. Treez's innovative technology and insights help retailers accelerate revenue growth, drive better operational efficiency and increase profits.

The extensible open API platform provides smooth integration into a variety of best-of-breed solutions across ecommerce, delivery, customer relationship management, marketing and loyalty, accounting, ERP and more. Layered on top is a dedicated client success team and 24/7 customer support, giving retailers everything they need to grow their business.

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