We use cookies to provide visitors with the best possible experience on our website. These include analytics and targeting cookies, which may also be used in our marketing efforts.
This website stores data such as cookies to enable essential site functionality, as well as marketing, personalization and analytics. By remaining on this website, you indicate your consent.
Blogs
Announcement 

Drivetrain achieves SOC 1 Type 2 compliance, reinforcing trust in financial reporting

At Drivetrain, trust, security, and compliance are the foundation of everything we do. We’re proud to announce that we have successfully completed SOC 1 Type II audit, further solidifying our commitment to financial data integrity, regulatory compliance, and enterprise-grade security.
February 28, 2025
2 mins
  read
Summary
Summarize with AI:

Why SOC 1 Type 2 matters for finance teams

While our SOC 2 Type 2 compliance validates our security, availability, and privacy controls, SOC 1 Type 2 focuses specifically on financial reporting. This certification is critical for companies—especially public enterprises subject to SOX compliance—as it ensures that Drivetrain’s internal controls over financial reporting (ICFR) are robust, accurate, and audit-ready.

“For public companies and those preparing financial statements, ensuring financial data accuracy and compliance isn’t optional—it’s mandatory. Achieving SOC 1 Type 2 demonstrates that Drivetrain meets the highest standards for financial reporting integrity.”
Tarkeshwar Thakur · CTO at Drivetrain

Enterprise-grade security & compliance

Drivetrain is not only SOC 1 Type 2 and SOC 2 Type 2 compliant, but we also maintain ISO 27001 certification, the globally recognized standard for information security management systems (ISMS). Additionally, we are fully GDPR compliant, ensuring that customer data is handled with the highest privacy and security standards.

What this means for our customers

  • Audit-ready financial reporting: Organizations, especially public companies, can trust Drivetrain to support their financial statement preparation with rigorously tested controls.
  • Compliance with global security standards: SOC 1, SOC 2, ISO 27001, and GDPR compliance ensure that Drivetrain meets the highest security and regulatory requirements.
  • Confidence for finance & audit teams: Our platform safeguards data integrity and accuracy, ensuring seamless collaboration between finance teams and auditors.
“At a time when finance teams are under immense pressure to deliver precise financial reporting, compliance and security must come standard. With SOC 1 Type 2, alongside our SOC 2 Type 2, ISO 27001, and GDPR compliance, we’re reaffirming our commitment to making financial planning secure, scalable, and audit-ready.”
Alok Goel · CEO of Drivetrain

With these certifications, Drivetrain continues to lead the way in secure, enterprise-ready financial planning and analysis software—empowering finance teams to move faster, without compromising trust.

Please see our Security page for additional information regarding our security program. If you would like to hear more about how we manage and secure data, schedule a session with our experts.

About the author
Praveen Rajaretnam
Head of Product Marketing

Praveen Rajaretnam is Head of Product Marketing & Partnerships at Drivetrain, with over 15 years of experience building high-performance marketing teams and launching B2B SaaS products. Through his work at Drivetrain, an AI-native FP&A platform used by finance leaders globally, he has developed a deep, practitioner-informed understanding of how CFOs and finance teams plan, report, and drive business performance. He co-founded Wooplr, a social commerce platform that became India's second-largest social commerce platform. Before that, Praveen led product marketing at Freshworks and InMobi and started his career as a software engineer at McAfee. At Drivetrain, Praveen writes about product marketing, go-to-market strategy, and building strategic partnerships in B2B SaaS.

FAQs

No items found.
Master ChatGPT for FP&A with Nicolas Boucher Image
The only financial model template you'll ever need—just plug in your actuals to see projections
Master ChatGPT for FP&A with Nicolas Boucher
Join us for a live webinar as Nicolas Boucher shares the exact prompts he uses to automate data preparation, accelerate forecasting, and deliver insight-driven reports.
Thank you! Your submission has been received!
Oops! Something went wrong while submitting the form.

Become the strategic partner your business needs

Fewer spreadsheets, faster planning, better decisions

Book a Demo