Speed with control
Automate procurement from intake to assessment to contract, with guardrails that keep your policies in force.
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Asset managers depend on data providers, administrators, and custodians. Coverbase keeps that web of vendors in check.
Outsourcing is everywhere in asset management, and so is the SEC's attention to it. Coverbase runs operational due diligence and ongoing monitoring across every service provider.
CoverbaseAsset managers | service provider
Asset managers | service provider
An administrator's report arrives
Administrator file
SOC 1 report
Your controls
Agent work
01Read the opinion
02Check the exceptions
03Note your controls
Provider review prepared
Your CCO sees the evidence behind the rating.
Why asset managers choose Coverbase
- 01
Operational due diligence, structured
Run consistent ODD on administrators, custodians, market data, and tech vendors instead of one-off reviews. - 02
Adviser oversight duties
Document service-provider oversight in support of your fiduciary duty and compliance program under Rule 206(4)-7. - 03
SOC reports, read for you
Coverbase ingests SOC 1 and SOC 2 reports, flags exceptions, and tracks bridge letters automatically. - 04
Critical provider monitoring
Watch the financial and operational health of the providers your funds can't run without. - 05
One record across funds
Keep diligence consistent and traceable across strategies, entities, and mandates.
Diligence built for an outsourced operating model
Your edge is investing, not chasing vendor paperwork. Coverbase handles the oversight that comes with relying on third parties.
SOC report intelligence
Exceptions, scope gaps, and complementary user controls surfaced automatically.Provider financial health
Monitor the stability of administrators and custodians continuously.Consistent ODD
Apply the same diligence framework to every provider, every review cycle.Data and access mapped
Know which providers touch portfolio and investor data, and how.
One platform for third-party risk and security
Explain with confidence
AI shows its reasoning for each recommendation, so you can explain your ratings, approvals, and exceptions.
Automate with assurance
Launch new workflows and adapt controls as your program and its regulations change.
How we protect your data
These are the practices behind the supplier records and evidence you keep in Coverbase. Read our security and privacy program.
To request our SOC 2 report or report a vulnerability, email security@coverbase.ai.
Independent review
A SOC 2 Type II audit against the AICPA Trust Services Criteria for security, availability, and confidentiality.Testing and remediation
External penetration tests every year, plus vulnerability scans and static and dynamic application security tests, with findings tracked through remediation.Identity and production access
SSO and SAML with Okta, Microsoft Entra, Google, and other identity providers. Multi-factor authentication is required for production access.Data protection
Data encrypted at rest with AES-256 and in transit with TLS 1.2 or higher.Internal accountability
Access logging, quarterly least-privilege reviews, and required employee security and privacy training.
Adviser outsourcing and provider evidence
Review the current rules and the actual service.
Is the SEC's 2022 adviser outsourcing proposal in force?
No. The SEC withdrew the 2022 proposed adviser outsourcing rule in June 2025. We don't treat it as an effective requirement; assess current duties under rules that apply to your firm.
Can Coverbase assess SOC reports?
Yes. We read submitted SOC 1 and SOC 2 reports against your controls and surface scope gaps and exceptions for your analyst to check.
Can we use one review process for all providers?
Yes. We use a consistent process, but adjust evidence and review depth for the provider's function, fund exposure, and data access.