Why Working with a SOC 2 Compliant MSP Is a Good Idea

85% of enterprise buyers require SOC 2 reports before signing contracts, and 70% of deals are delayed or lost due to non-compliance.

For a CEO, SOC 2 and SOC 2 Type II are not small tasks. They affect growth, deal speed, and revenue. For a CFO, it’s protection against multimillion-dollar losses tied to failed audits or breaches. For a COO, it ensures that security reviews won’t slow down scaling.

SOC 2 (System and Organization Controls 2) is the gold standard of trust for service providers handling customer data. Without SOC 2, contracts stall, risk costs rise, and certified competitors win the business you lose.

Key takeaways

• Meet SOC 2 trust service criteria to prove you protect customer and sensitive data.
• Reduce risks with continuous monitoring and secure IT practices.
• Speed up client onboarding and deal flow with recognized compliance reports.
• Avoid costly breaches and failed audits by embedding compliance into daily operations.
• Compete effectively in industries where trust and security drive business.

What SOC 2 compliance means for your business

Overview of SOC 2 and why it matters for service organizations

SOC 2 (System and Organization Controls 2) defines how you safeguard customer data using the trust services principles established by the AICPA. 

The five trust service principles 

These criteria cover five areas that matter directly to your business:

• Security: Safeguards brand reputation and deal flow.
• Availability: Keeps revenue-driving systems always accessible.
• Processing integrity: Protects client deliverables from costly errors.
• Confidentiality: Shields sensitive deal data from leaks.
• Privacy: Aligns with regulations to avoid fines and reputational damage.

Who needs SOC 2

Any company that handles customer data can benefit from attaining SOC 2 compliance. It demonstrates to clients that your systems and processes safeguard their information. Organizations with SOC 2 Type II certification also reduce client onboarding time by 30%, cutting sales friction and accelerating revenue recognition.

Industries like finance, SaaS, healthcare, and professional services rely heavily on trust. For them, SOC 2 is often a basic requirement for competing for contracts and retaining clients.

A SOC 2 Type II report goes further by demonstrating that controls are adequate over time, not just at a single point. This helps shorten vendor reviews and speed up client onboarding.

Why doing it alone strains teams

Implementing SOC 2 alone can often create a pile of paperwork, lead to higher audit costs, and distract leaders from growth. 

Partnering with a SOC 2 compliant MSP, such as Parachute, reduces that burden by embedding monitoring, documentation, and security practices into your daily IT operations. What might have been a drain instead becomes a strength that supports your revenue goals.

Maintaining consistent monitoring and reporting

Weak monitoring adds financial risk. SOC 2 demands continuous proof of protection, not annual check-ins. When companies stumble, the average cost of a U.S. breach hits $4.4 million. For CFOs, that reframes SOC 2 as a bottom-line necessity.

Limited expertise in-house (IT generalists vs compliance specialists)

Many IT teams excel at daily support but often lack deep compliance expertise. A PwC survey found that 61% of firms rank IT compliance as one of their top three capability gaps. Without the right knowledge, audit prep can become slow, costly, and stressful.

While ad-hoc consultants may help, their fees rise quickly, and last-minute fixes don’t solve the need for year-round monitoring. This often leads to audit delays or even failed reports that erode client trust and stall contracts.

Parachute closes this gap by embedding compliance into your daily IT operations. As a SOC 2 compliant MSP, we handle monitoring, access reviews, and documentation as part of ongoing service, so your business stays audit-ready without the scramble before assessments.

Why SOC 2 is your competitive advantage

SOC 2 is more than just passing an audit; it’s also a way to win business. In industries where data security and trust are non-negotiable, SOC 2 often determines who advances and who gets eliminated.

Clients trust us as a sales driver

Parachute’s SOC 2 compliance provides you with a partner that already meets the highest security standards. When you work with us, you can share our SOC 2 report with buyers as proof that certified security controls back your IT operations. This builds confidence, reduces deal friction, and helps you stay competitive.

Vendor due diligence

Enterprise buyers now expect SOC 2 reports during the vendor screening process. Working with Parachute, a SOC 2-compliant MSP, provides your business with immediate access to these credentials. Our certification helps shorten onboarding, cut sales friction, and accelerate revenue growth, with some providers reducing onboarding time by 40% or more.

Market differentiator

Without SOC 2, deals stall as buyers question how sensitive data is handled. By partnering with Parachute, you leverage our continuous monitoring and proven controls to stay competitive year-round and eliminate last-minute compliance gaps.

Final thoughts: Why an MSP Makes Sense for SOC 2 Compliance

SOC 2 is more than a box to check; it’s a driver of trust, faster deals, and long-term growth. For CEOs, CFOs, and COOs, compliance often makes the difference between closing a contract and losing business.

Working with a SOC 2 compliant Managed Service Provider takes the strain off your team and makes compliance part of everyday IT. As a trusted managed IT partner, Parachute helps organizations strengthen security, simplify audits, and stay competitive in industries where client trust matters most.

FAQs