DAILYHOSTNEWS, November 30, 2011 – OptionEase, the global leader in on-demand software-as-a-service (SaaS) applications for fair-market-value accounting and compliance, has been designated as a TRUSTe member, and has earned its TRUSTe Privacy seal designation for commitment to privacy protection and online best practices across both the TRUSTed Cloud and EU Safe Harbor programs.
TRUSTEe monitors client privacy practices, regularly inspects websites and pages populated with sensitive data for any security breaches, and conducts regular quality checks, to ensure companies remain compliant of regulatory statutes on data protection.
“We are honored to have earned this designation for our commitment to privacy. Cloud computing has revolutionized the way OptionEase’s clients conduct their reporting, and allows for greater efficiencies, speed, and accuracy,” said Kim Kovacs, CEO of OptionEase. “OptionEase is not only committed to remaining the leader in accounting and compliance software, we aim to provide the highest level of security, data protection, and more, for our valued clients and partners, on or off-line.”
Ms. Kovacs added that the addition of TRUSTe to the already robust data protection team at OptionEase, will provide clients with an unparalleled level of online safety and privacy protection.
OptionEase is the leader in SaaS-delivered regulatory applications in the highly complex governance, risk and compliance (GRC) marketplace. The company’s first product was designed specifically for audit compliance under FAS 123(R) (ASC Topic 718) and now encompasses a full suite of end-to-end equity management tools. OptionEase’s dedication to customer service and customization has earned it a 96% retention rate. Directly, and through its partnership agreements, OptionEase assists more than 700 private and multi-national, public corporations with financial and regulatory reporting requirements under FAS, SEC and IASB.
TRUSTe is the leading online privacy solutions provider. The company offers a broad suite of privacy services to help businesses build trust and increase engagement across all of their online channels including websites, mobile applications, advertising, cloud services, business analytics and email marketing. Over 4,000 web properties including those from top companies like Apple, AT&T, Disney, eBay, Facebook, HP, Microsoft, Nationwide, Pfizer and Yelp rely on TRUSTe to ensure compliance with evolving and complex privacy requirements.