#USA #St. Petersburg #SOC2 Compliance #LanternBRP #AI-native ERP

Lantern Achieves SOC2 Type 1 Compliance in Record Time

In a remarkable feat, Lantern, an innovative company specializing in AI-native ERP software, has secured SOC2 Type 1 compliance in a mere eight weeks. This achievement reflects Lantern's strong dedication to enterprise-grade data security as it expands its modular business resource planning platform across various sectors, including manufacturing, recruitment, and agriculture.

The SOC2 compliance framework, established by the American Institute of Certified Public Accountants (AICPA), assesses organizations based on trust principles such as security, availability, and confidentiality in handling customer data. For software vendors catering to mid-market and multi-entity businesses, achieving SOC2 compliance has now become a vital benchmark for vendor evaluation and procurement.

What sets Lantern's accomplishment apart is the sheer speed of the process, coupled with streamlined resource utilization. Unlike many organizations that undertake such audits with extensive security teams, Lantern completed the entire compliance process without a dedicated security engineer or a formal compliance department. Instead, the company relied on the operational discipline established across its engineering and development teams.

Ady Das, Co-CEO/CIO of Lantern, stated, "We didn't aim to break a speed record; our main goal was to execute the process correctly. The controls, monitoring, and change management practices that facilitated a seamless audit also lay the groundwork for fostering trust with our customers. This certification is a validation of our prioritized security measures."

The SOC2 certification process encompassed examining 198 individual tests and controls that spanned across the platform and the organization. This complex task was efficiently managed using the Secureframe compliance automation platform. Lantern dedicated the first four weeks to initial setup and control mapping, followed by another four weeks for a comprehensive audit conducted by Prescient Security.

Reflecting on the process, Senior Technical Program Manager Archana Haran explained, "While other companies often spend the bulk of their SOC2 timeline constructing the required controls, we focused on documenting existing controls. This strategic approach allowed us to compress the timeline dramatically."

This SOC2 Type 1 certification not only enhances Lantern's portfolio of enterprise credentials but also supports its continuous development of the LanternBRP™ platform. The modular structure of LanternBRP™ enables mid-market organizations to implement AI-native resource planning tools with ease, all while avoiding the complications and costs associated with traditional ERP systems. Lantern is already progressing towards achieving Type 2 compliance.

About Lantern

Founded by experienced leaders in the realms of software and AI, Lantern operates out of St. Petersburg, FL. The company’s flagship product, LanternBRP™, serves as a highly adaptable ERP solution designed to optimize business operations while integrating seamlessly with over 150 existing systems. By prioritizing AI in its architecture, LanternBRP™ can be deployed quickly and without the typical complexities associated with ERP systems. To learn more or to schedule a personalized demo, visit lanternglobal.ai.