Assertion certainty 4/5 debate potential 2/5

Companies Should Expect to Pay $25,000 for SOC 2 Type II

Anders Lilivik · They Thought the Equipment Vendor Could Handle the Cash Too · Feb 22, 2023 · at 18:32

Anders Lilivik, founder and CEO of Focal Point, discusses baseline pricing benchmarks for companies completing a SOC 2 Type II audit.

0:00 / 0:04exact quote · 4.8s
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“You know, a company should expect to pay 25,000 dollars to get a sock to type two.”

quote is from the automated transcript, cleaned for reading: filler sounds and stutters are removed, nothing is rephrased. names can be misheard (the analysis reads context, assessments check outside sources). how →

More from Anders Lilivik

Opinion
ServiceNow Cannot Handle Complex Enterprise Procurement Spend, Says Lilivik
“Yeah, it is, but it's an IT ticketing system. It's never meant to ingest, you know, billions of dollars of procurement spend and, you know, Few 100,000 suppliers and payment terms and all these kinds of things, right?”
Anders Lilivik Feb 22, 2023 ▶ 31:34 They Thought the Equipment Vendor Could Handle the Cash Too
Insight
Lilivik: Most important procurement work happens pre-contract and is poorly managed
“Most of the work, if not all of the important work it's done before stuff turns into a contract. So gathering your requirements, deciding which suppliers to invite, deciding which internal stakeholders to involve in a process that all gets done manually, proba…”
Anders Lilivik Feb 22, 2023 ▶ 1:24 They Thought the Equipment Vendor Could Handle the Cash Too
Insight
Lilivik: Procurement teams frequently over-engineer processes and stall operations
“I think procurement people try to solve for world hunger and world peace all at the same time, and they tend to over-engineer the process so that make it overly complex and kind of grind things to a halt.”
Anders Lilivik Feb 22, 2023 ▶ 5:06 They Thought the Equipment Vendor Could Handle the Cash Too
Insight
Lilivik: Applying complex acquisition methods to commodity buys is a common error
“And the mistake people sometimes do. Is take that commodity low criticality scenario and apply the more complex type or acquisition method to it.”
Anders Lilivik Feb 22, 2023 ▶ 7:24 They Thought the Equipment Vendor Could Handle the Cash Too
Assertion Not checkable as stated
Lilivik's Former Bank Lost $20M in an ATM Vendor Ponzi Scheme
“And at some point in time, four years into the agreement basically it turns out that there was a Ponzi scheme going on and we were out 20 point, some twenty million dollars, right? The music stopped, the Ponzi scheme couldn't, it couldn't, couldn't keep up any…”
Anders Lilivik Feb 22, 2023 ▶ 8:50 They Thought the Equipment Vendor Could Handle the Cash Too
Insight
Lilivik: Vet critical third-party vendors as if underwriting a loan
“If the company's critical, pretend the pretend as though you're lending them a bunch of money. And that kind of puts a whole different lens on it to say, well, would we underwrite this company to lend them money?”
Anders Lilivik Feb 22, 2023 ▶ 13:34 They Thought the Equipment Vendor Could Handle the Cash Too
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