Privacy Policy

At Verifrs, we understand that handling financial data requires the highest level of trust and security. This Privacy Policy outlines how we collect, use, and protect your information when you use our IFRS compliance platform.

1. Information We Collect

We collect information necessary to provide our financial reporting services, including:

• Account Information: Name, email address, company name, and job title.
• Financial Data: General ledgers, trial balances, and other financial documents you upload for IFRS conversion.
• Usage Data: Information about how you interact with our platform, such as feature usage and login times.

2. How We Use Your Information

We use your data solely for the purpose of delivering and improving our services:

• To perform IFRS conversions and generate financial reports.
• To authenticate your identity and secure your account.
• To improve our AI mapping algorithms (using anonymized, aggregated data only).
• To comply with legal and regulatory obligations.

3. Data Security

Security is core to our infrastructure. We employ enterprise-grade security measures:

• Encryption: All data is encrypted in transit (TLS 1.2+) and at rest (AES-256).
• Access Controls: Strict role-based access controls ensure only authorized personnel can access system internals.
• Regular Audits: We conduct regular security audits and penetration testing.

4. Data Ownership

You retain full ownership of all financial data you upload to Verifrs. We do not sell your data to third parties. You can export or delete your data at any time from your dashboard settings.

5. Third-Party Processors

We rely on trusted third-party providers for infrastructure and services (e.g., cloud hosting, authentication). We ensure all vendors comply with strict data protection standards (GDPR, SOC 2).

6. Contact Us

If you have any questions about this Privacy Policy or your data rights, please contact our Data Protection Officer at:
privacy@verifrs.com