Prophix Software, a global leader in mid-market Corporate Performance Management (CPM) software, today announced it selected TrustArc to help demonstrate ongoing compliance and effective privacy governance with the TRUSTe Enterprise Certification. The certification is based on a comprehensive set of requirements governing data privacy management practices as outlined in the TRUSTe Enterprise Privacy & Data Governance Practices Assessment Criteria. TrustArc certifications are managed by TRUSTe LLC, a wholly owned subsidiary of TrustArc. As a component of the certification, TrustArc is also providing independent dispute resolution services to address privacy-related questions around customer data from users and ongoing access to privacy guidance.
Prophix worked with TrustArc to review and verify that its data privacy management practices comply with standards which are aligned with the TrustArc Privacy & Data Governance Framework. By achieving the TRUSTe Enterprise Certification, Prophix is demonstrating its commitment to strong data privacy practices and enhancing customer and business partner trust.
“Prophix is pleased to partner with TrustArc to demonstrate our privacy practices,” said Kristofer Laxdal, Director of Information Security at Prophix. “We are committed to validating and certifying our customer privacy protocols via an ongoing independent review of our internal and external practices, policies, and procedures.”
The TRUSTe certification follows a three-phase process, using a combination of experienced privacy analysts, proven assessment methodology and the TrustArc Privacy Platform.
- Phase I includes a comprehensive review of the participant’s privacy practices against the TRUSTe privacy standards and creation of a detailed privacy findings report.
- Phase II includes a review of the findings by TrustArc with the participant, implementation by the participant of remediation recommendations and documentation of action item completion.
- Phase III includes certification activation including issuing the TRUSTe Seal, providing dispute resolution services and providing access to TrustArc Assessment Manager to support ongoing privacy compliance.
TrustArc CEO Chris Babel said, “We believe that a strong privacy management program is critical for companies to build customer trust and ensure privacy compliance, and with its achievement of this certification Prophix is demonstrating its dedication to meeting high privacy standards.”
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