Data Usage

At Profit Inc, we value your privacy and strive to provide complete transparency regarding your data usage. This data-usage page is designed to give you a comprehensive overview of how we collect, use, and protect your information when you use our services.

 

Collection of Financial Data

Order Forms (powered by GoHighLevel.com)

  • Encrypted Transmission: All data submitted through our form is transmitted over HTTPS with TLS 1.2+ encryption, ensuring your information is securely encrypted during transfer.

  • Platform Security: The form is powered by GoHighLevel, a platform that maintains industry-standard security protocols, regular monitoring, and safeguards to prevent unauthorized access.

  • Data Privacy: Your personal and financial information is never stored in the form itself. It is securely processed and stored within our protected systems.

  • Compliance Practices: Our processes follow best-practice data protection standards, including restricted access controls and encrypted storage where applicable.

Accounting API (powered by FISGlobal.com)

  • Your accounting data is exchanged using AES-256 encryption. This is bank-grade encryption, the same standard trusted by financial institutions worldwide.

  • Data at rest is also encrypted using industry-standard AES-256, with strict access controls and monitoring.

  • FIS Global adheres to SOC 2, ISO 27001, and GDPR-aligned security practices.

  • You authorize the connection directly through FIS Global’s secure OAuth 2.0 authentication process. We never see your login details. Credentials are never exposed or stored in plain text.

  • You control access. You can disconnect the integration at any time.

 

Uses of Financial Data
Uses of financial data MAY include:

  • Creating confidential reports to be delivered to you and no one else.

  • Aggregating 10 or more clients’ data into averages for industry or group benchmarks and statistics.

Uses of your data will NOT include:

  • Sharing, publishing, or selling your data

  • Training an AI model

 

Collection of Other Data
We collect certain information to improve our services and enhance your experience with Profit Inc. The data we gather includes:

  • Personal Information: Your name, email address, and other relevant contact details are required for registration and account management.

  • Usage Data: Information on how you interact with the app, such as your clicks, preferences, and navigation patterns.

  • Device Information: Technical details about your device, including operating system, hardware model, and unique device identifiers.

 

Usage of Other Data
Additional information we collect is used for the following purposes:

  • Account Management: To create and manage your account, and to provide personalized services.

  • Improving User Experience: To understand how users interact with the app and make improvements to enhance usability.

  • Analytics and Research: To analyze trends, perform research, and gain insights to improve our app’s performance and features.

 

Data Protection

At Profit Inc, we take data protection seriously. We implement industry-standard security measures to safeguard your data against unauthorized access, loss, or alteration. Our data storage and transmission protocols follow best practices to ensure your information is safe.

 

Third-Party Services
We may use third-party services that process data on our behalf to improve app functionality. These services are carefully selected, and we ensure they comply with relevant privacy laws and regulations.

 

Data Sharing
We do not share your personal information with any third parties without your explicit consent unless required by law.

 

Marketing Communications
We may send you occasional marketing communications about new features, updates, or promotional offers. You can opt out of receiving these communications at any time.

 

Cookie Policy
Profit Inc may use cookies and similar technologies to enhance user experience and gather analytics data. You have the option to manage cookie preferences in the app settings.

 

Children’s Privacy
Our site is not intended for use by individuals under the age of 13. We do not knowingly collect personal information from children.

 

Contact Us
If you have any questions, concerns, or requests regarding your data or this data usage page, please contact our support team at support@profitinc.com.

 

3rd Party Data Sources
Profit Inc licenses data from external sources for use in benchmarking. These sources include:

  • DealStats – DealStats is a robust online database of acquired private company transactions sourced from business brokers, M&A advisors, and SEC filings. Learn more at www.bvresources.com/dealstats or visit www.bvresources.com/contribute to become part of the Contributor Network.

  • RMA – copyrighted industry financial data published in the RMA Statement Studies is used by permission in a non-exclusive license granted by RMA. www.rmahq.org/statementstudies

  • Public data – Profit Inc uses financial data on public companies (such as the S&P 500) and other public resources (such as bea.gov)

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