Top 6 Reasons to Opt for Modern Enterprise Access Management & Identity Governance Solution
The enterprise security and compliance landscape is drastically changing, fueled by dynamic changes such as the increased pace of cloud adoption, an upsurge in cybersecurity threats, revolving regulatory compliance rules, as well as complexity induced by hybrid work models. Traditional Identity Governance and Administration (IGA) tools are increasingly viewed as inadequate by businesses dealing with the evolving digital market. The situation is further tricky for Security and Risk Management (SRC) leaders who are faced with the challenge of enabling dynamic access controls against evolving cyber threats and compliance rules. It is evident in a recent report that states that 44% of businesses are still within the infancy stage of their identity security journey, pointing to a huge gap in their IGA programs. Amid such a volatile market, businesses need to rethink their enterprise access management and governance strategies to improve their cybersecurity and compliance posture.
AccessFlow, built and certified on the ServiceNow platform, emerges as a modern-day access management and identity governance solution designed to equip organizations to prevent unauthorized access, avoid failures in compliance, and gear up for the future. Being a SOC 1 Type 2 certified solution, AccessFlow empowers businesses to unify access management and identity governance across hybrid environments while ensuring superior user experience and top-notch security. Before we dig deeper into AccessFlow and how it optimizes your risk management and compliance strategy, let’s first understand:
6 Reasons Why Businesses Should Choose Modern Enterprise Access Management and Governance Solutions
Improved Audit and Compliance Posture
Modern enterprises today need to ensure that they have the right access controls in place to meet a range of industry and government regulations. However, manually managing many user identities and their associated privileges introduces additional risks for your business, such as budget overruns and security and compliance failures. Modern access management and governance tools help you address this challenge by setting up consistent access management and identity governance processes driven by common policies and automated workflows. Not only that, these tools maintain detailed logs and reports of employee access activities throughout their employment lifecycle, allowing you to be audit-ready and compliant.
Reduced Enterprise Risk and Optimized Security
With increasing hybrid IT environments, enterprises are experiencing a steep rise in data theft, ransomware, phishing, and other cyber incidents. According to Gartner, cyber threats will cost businesses $10.5 trillion annually by 2025. Modern enterprise access management and governance solutions can help prevent unauthorized access and boost enterprise security by enabling the least privileged access controls. They also provide 360-degree visibility into your enterprise access landscape, allowing you to quickly identify malicious access activities and policy breaches. Further, these tools assist in the quick identification and termination of orphaned accounts, which are typically exploited for data breaches and cyber-attacks.
Streamlined Identity Lifecycle Management
Effective identity lifecycle management is key to maintaining operational efficiency and compliance. Modern access management and identity governance solutions offer streamlined processes for managing user identity lifecycle, from onboarding to job role changes to offboarding. This includes automated provisioning and deprovisioning of access rights, ensuring that users have the right access at the right time, and preventing the accumulation of unnecessary privileges which could pose security risks. Automated processes also reduce human errors and ensure access is promptly updated upon job role changes or departmental transfers.
Enhanced Employee Productivity and Experience
By automating the identity lifecycle tasks such as user provisioning and deprovisioning, modern access management tools can reduce manual administration and increase the overall IT efficiency. They also provide powerful self-service capabilities, empowering your employees to make access requests or reset passwords on their own with minimal IT assistance. Further, these tools provide a user-friendly portal and workflow orchestration capabilities, enabling your IT staff to execute IAM operations with zero hassle and boost overall productivity.
Improved Business Agility
Business agility and scalability are more important than ever in the fast-paced digital economy. Modern cloud–based access management and identity governance solutions enable you to quickly adapt to technology changes, evolving security threats, and shifting regulatory requirements. By providing flexible, scalable, and unified access management and governance capabilities, these solutions allow you to go through mergers and acquisitions, international expansion, and digital transformation initiatives without disrupting routine business operations. In addition, modern IGA tools can assist you in quickly onboarding new cloud apps in a low-code, no-code environment with minimal IT intervention.
Reduced Operational Costs
Deploying access management and identity governance solutions can help bring down your operational costs drastically. By automating routine identity governance tasks and eliminating manual processes, modern IGA tools reduce the workload on IT departments, cutting down on labor costs and minimizing human errors. This operational efficiency not only saves money but also allows businesses to reallocate resources to more strategic initiatives.
Optimize Your Security and Compliance Posture with AccessFlow
In a nutshell, modern access management and governance solutions play a vital role in safeguarding sensitive enterprise applications, data, and people from emerging cyber threats while improving the overall compliance posture. AccessFlow, recognized in Gartner’s Market Guide for IGA solutions, is one such innovative access management and identity governance product that can address the unique security and compliance needs of modern, cloud-driven businesses. It empowers businesses to enhance their overall operational efficiency, compliance, and cybersecurity by offering powerful identity governance capabilities, including automated provisioning and deprovisioning, access attestation, and Segregation of Duties (SOD) controls. This effectively positions businesses for steadfast growth and success in the new digital era.
To know more about AccessFlow and how it helps prevent unauthorized access and supercharge business productivity and transformation, contact us at information@iamaccessflow.com.
