Integrative approach to security compliance helps Parchment win business opportunities
Parchment is one of the world’s largest academic credential management platform and network, helping learners, academic institutions, and employers request, verify, and receive transcripts, diplomas, and other credentials. In 2024, they were acquired by Instructure.
Digital Credential Management
SOC 2; PCI
Opportunity
Parchment was no stranger to compliance audits. They’d been completing PCI DSS for years and then added in SOC® 2, both with different auditing firms. Yet as their business grew and they continued to attract new members, seek out acquisition opportunities, and acquire more companies, they wanted to find one compliance auditing partner who could not only provide a deeper and integrated approach to all of their auditing needs, but who could also understand and adapt to the ever-changing nature of their growing business. They knew that consolidating and expanding their compliance approach would be a key factor in their ability to secure bigger business opportunities going forward.
Solution
Parchment received a recommendation for 360 Advanced. They loved that 360 provided a broad range of cybersecurity and compliance assessment services, as well as the strategic guidance and road mapping to integrate multiple initiatives into a single, streamlined engagement. They also appreciated that 360 focused heavily on learning about their business, including what their challenges were and what they wanted to achieve with — and because of — their compliance frameworks. Parchment has been working with 360 Advanced since 2022.
“Being able to leverage the compliance reports we’ve done with 360 Advanced enables a faster speed of delivery in our deal cycles, which we’ve seen with both new sales and renewals. In addition, getting through our assessments and audits greatly prepared us for the Technical Due Diligence that led up to us being acquired. Being able to say we have a third-party compliance partner — and then show everything we’ve done and our roadmap for what we’re doing next — is evidence that we’re invested and committed to cybersecurity compliance.”
Erin Elliott
Director of Information Security
Discover how our Integrated Compliance approach drives results for companies like Parchment. Contact us today to learn more.
360 Cyber Resources
Explore a wealth of knowledge in our client stories, insightful blogs, cutting-edge white papers, and the latest press releases—your gateway to a repository of expertise and industry insights.
360 Advanced Teams Up with Redapt: Transforming Businesses’ with Scalable, Efficient, and Secure Infrastructure
St. Petersburg, Florida — 11/19/2024 — 360 Advanced, a trusted provider of cybersecurity, audit, and compliance services, is excited to announce its strategic alliance with Redapt, a premier IT solutions provider...
The Role of SOC Reports in Building Client Trust and Transparency
System and Organizational Controls (SOC) reports offer a transparent view of an organization’s security posture by reporting its relevant organizational and technological controls as it relates to specific services. They...
Data Connectors Event Recap
The recent Data Connectors Houston Cybersecurity Conference brought together industry leaders, cybersecurity professionals, and IT experts for a day of insightful discussions, networking, and collaboration. This year’s event proved to...