Cranford, NJ – May 13, 2020 – The Activus Group announced that it has completed and passed a System and Organization Controls (SOC) 1 Type 2 Examination. This compliance verifies that the company has exacting, rigorous, and repeatable controls in place for government pricing calculations, class of trade assignments, Medicaid invoice & payment processing, and commercial rebates.
The SOC is governed by the American Institute of Certified Public Accountants (AICPA), and the licensed CPA and consulting firm of BerryDunn performed the testing and evaluation of The Activus Group’s controls. The SOC 1 Type 2 examination provides essential and verifiable proof to the company’s many clients that it consistently utilizes the best practices in its daily operations as a strategic and tactical business processing outsourcing service.
The examination measures and reports on adherence to controls for a variety of processes within the organization. During the comprehensive evaluation of The Activus Group, the internal controls, standard operating procedures and quality assurance processes were examined and an in-depth audit performed to ensure that controls were consistently and reliably followed over time.
SOC 1 Type 2 evaluations are required in certain industries and important for multiple reasons, particularly for companies that provide any type of outsourced service. The evaluation ensures that the organization exercises the highest level of security, privacy, and confidentiality. It also examines cyber security measures, financial reporting, and processing integrity to ensure a superior level of safety and assurance for its clientele.
The Activus Group is a premier provider of best-in-class strategic and tactical business process outsourcing (BPO) services to pharmaceutical manufacturers’ commercial and regulatory teams. The Activus Group is committed to providing the highest level of service to their clients, and the SOC 1 Type 2 compliance is a manifestation of the company’s ongoing dedication to that commitment.
About The Activus Group
Since 2003, The Activus Group has partnered with manufacturers of all sizes, from pre-commercial to F100, to identify and address areas for improvement within their contract management functions. In addition to performing best practice reviews, audits and BPO services for well-known industry leading manufacturers, The Activus Group specializes in partnering with pre-launch manufacturers to provide market readiness services including the development of government policy and other compliance documentation, agreement facilitation (CMS, VA/FSS, etc.) and, upon product launch, managing all aspects of calculations, reporting, class of trade assignment, claims/rebate processing, and much more.
BerryDunn is a member of the Top 100 accounting firms and is a full-service accounting, assurance, and consulting firm with over 25 years of expertise in system and organization reporting to help clients meet their customer and regulatory obligations. BerryDunn works collaboratively with clients to guide them through the process and provides insights relevant to internal controls, processes and procedures, data management, and monitoring focused on risk and continuous improvement. Team members who specialize in SOC reporting hold several industry certifications including certified public accountant (CPA), certified information systems auditor (CISA), and are certified in risk & information systems control (CRISC).