For enterprise marketers and procurement teams, forecasting the budget for visual media requires looking beyond standard creative fees.
What compliance means for vendors
Before examining the financial impact, it helps to understand what verified internal controls entail. For those auditing potential video partners for SOC 2 compliance, the focus is on assessing the safeguards of information systems offered as a service.
The underlying framework
System and organization controls reports are generated during a formal audit. These reports validate a service organization's internal procedures over information networks, typically focusing on criteria established by the AICPA.
Identifying the hidden premiums
When a studio handles unreleased software interfaces, they must invest in strict data handling procedures and secure file transfers. These infrastructure upgrades often lead to unforeseen financial requirements for the client.
Protecting the investment
Beyond physical security and cleared personnel, it is also critical to verify the partner has adequate professional liability coverage before signing a contract.