Forrester’s analysis of a Pathlock customer found that Control Premium’s real-time automated review of 100% of covered applications, users, and activities reduced the organization’s risk of internal fraud and noncompliance and eliminated its tedious manual review of SoD. The organization no longer paid a consulting firm to assess its SoD risk, decreased its fees and internal preparation efforts for annual audits, and freed up staff time to further evolve its SoD management.
Pathlock’s Control Premium provides access governance, automated monitoring of segregation of duties (SoD) risks, and automated creation of a comprehensive audit trail related to those risks. It delivers real-time alerts on suspicious activity and immediately responds to users displaying risky behavior. Control Premium enables organizations to prioritize their SoD conflicts based on the dollar value at risk and readily prove compliance with Sarbanes- Oxley (SOX) and other regulations.
Pathlock commissioned Forrester Consulting to conduct a Total Economic Impact™ (TEI) study and
examine the potential return on investment (ROI) enterprises may realize by deploying Control Premium.1 The purpose of this study is to provide readers with a framework to evaluate the potential financial impact of Control Premium on their organizations.
To better understand the benefits, costs, and risks associated with this investment, Forrester interviewed two decision-makers at a Fortune 500 organization that has experience using Control Premium for several years. Forrester used this experience to project a three-year financial analysis.
The interviewees noted that prior to using Control Premium, their organization managed SoD through a combination of advisory services from a risk assessment consulting firm and extensive manual ef fort by an internal team. These methods only monitored a subset of its financial transactions, and only on a backward-looking quarterly basis. Its risk of fraudulent losses or a qualified audit due to manual SoD monitoring had been uncomfortably high and resulted in additional audit firm fees each year.
Key results from the organization’s investment in Control Premium include risk reduction enabled by continuous controls monitoring of risks and real-time alerts of potentially fraudulent activity, operational efficiencies around risk monitoring and audit support, and substantial savings in fees to a risk assessment consulting firm and the accounting firm that conducted the organization’s annual audits.
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