Dealcloser

Challenge

Dealcloser revolutionizes the way law firms and their customers work together through the deal process by providing lawyers with a platform that significantly decreases the time spent on excessive paperwork and administrative tasks. Due to strict industry requirements and regulations, dealcloser needed to automate SOC 2 as well as understand their current security posture to move up-market.

As we went up-market and scaled, we started getting more diligence. Some firms wanted info-sec policies that we already had in place, but as we started to scale, all 500+ top firms had tough security assessments.

MIKE O’CONNOR
Co-founder and CTO [ dealcloser ]



Solution

In their search for a solution, dealcloser needed a team that could help them draft policies, move through audit quickly, and move through tough security assessments that had previously taken almost a year to complete. dealcloser used Laika to get started. After a gap analysis, Laika gave the team a step-by-step task list that guided them through the implementation of necessary policies and controls relevant to SOC 2.



dealcloser leveraged their dedicated team of compliance architects at every step of the process.

From audit preparation to audit management and post-implementation, Laika’s compliance experts were beside the team throughout their compliance journey.

“I can’t say enough about our compliance experts. We talked to them every single week and their knowledge was so invaluable. It was helpful to have someone that I could run my ideas off of and project manage this entire undertaking.” said Mike O’Connor.


Results

After 3 weeks in audit, dealcloser had their SOC 2 report in hand. 

Getting a SOC 2 was an important milestone for dealcloser. It came up in almost every meeting with knowledge managers and CISO’s from customers. In fact, 90% of the questions were asked and answered by having a SOC 2 report, allowing them to complete questionnaires in 24 hours. dealcloser’s compliance evolves with the company as they move upmarket. The team can smoothly complete annual SOC 2 audits and add compliance certifications to meet customer expectations.

Product

SOC 2

Industry

Fintech

Company size

26-50

Location

Edmonton, Alberta