SOC 2 Cost - Sprinto

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Is SOC2 even worth it?

When pitching for high-value projects in unexplored markets, having SOC 2 compliance can be the deciding factor that tips the scales in your favor. Not only does it confirm your adherence to established data protection standards, but also improves customer trust in your brand.

With this compliance backing you, prospects can be more confident when entering into contracts with you, because they know their data is in safe hands. It is thus, the simplest strategy to close more deals and increase revenue.

SOC2 isn’t something that you must go for, but it’s something that you should consider, to communicate to your consumers, that you care about their data’s integrity and privacy.

Sneak peek into SOC2 cost

We’ll lay it down as it is – considering the preliminary prep work, audit expenses, and patchwork after completion, the total SOC2 cost can be quite overwhelming.

A number of factors will typically influence the total SOC 2 cost:

External auditor charges

Salaries for consultants and senior level staff

Reduced productivity for the duration of the audit

Miscellaneous legal fees

Training for the entire staff who may be impacted by the audit

Cost of scaling of cybersecurity architecture, if needed

Additionally, recurring costs you’ll have to consider to uphold compliant status

Renewal fees

Consultant charges

Internal training charges

We agree, processing all that can be very daunting. And that is exactly where Sprinto can help!
Here’s a glimpse of what your SOC 2 expenditure may look like with and without Sprinto

	WITHOUT Sprinto	WITH Sprinto
Consulting / Readiness / Gap / Assesment Cost	~ $10K to 30K	0
Additional Software Cost	~ 30K p.a	~ 3K p.a
Auditor Costs	$15K to $50K	starting $5K per audit
People bandwidth cost	3 to 6 months	~ 14 days
Total	$50K to $100K + 3 months + audit uncertainty	~ $8K p.a + Sprinto Cost + 14 days +zero-touch audits

Consulting / Readiness / Gap / Assesment Cost

WITHOUT Sprinto

WITH Sprinto

~ 30K p.a

~ 3K p.a

Additional Software Cost

WITHOUT Sprinto

WITH Sprinto

~ 30K p.a

~ 3K p.a

Auditor Costs

WITHOUT Sprinto

WITH Sprinto

$15K to $50K

starting $5K per audit

People bandwidth cost

WITHOUT Sprinto

WITH Sprinto

3 to 6 months

~ 14 days

Total

WITHOUT Sprinto

WITH Sprinto

$50K to $100K + 3 months + audit uncertainty

~ $8K p.a + Sprinto Cost + 14 days +zero-touch audits

Save time and money with Sprinto

Sprinto helps you achieve SOC2 compliance much faster and in a much lesser budget than any other manual approach. It helps eliminate unnecessary delays by automating the evidence collection, speeds up the process with the help of a SaaS checklist, and makes everything so much more transparent.

With Sprinto, you can rest assured that your compliance is end-to-end guided and monitored by some of the best auditors in the industry, that too, while staying completely zero-touch. What’s more, it comes with flexible pricing plans so that your spending stays in check and you can devote resources to other important stuff.

Get access to truly amazing benefits with Sprinto