ERP Maestro Wins the 2014 GRC Value Award03, November 2014
ERP Maestro was awarded with the 2014 GRC Value Award in the Identity and Access Management category by analyst firm GRC 20/20.
The award recognizes organizations who demonstrated “real-world implementations of Governance, Risk Management and Compliance programs and processes that have returned significant and measurable value to an organization.”
ERP Maestro was selected for their automation of Segregation of Duties (SoD) and SAP® access controls audit program at a global security and asset protection organization based in Florida.
“This organization found a solution in ERP Maestro that was not only cost effective, but also enabled them to achieve their goals of efficiency, effectiveness, and agility,” said Michael Rasmussen, Chief GRC Pundit for GRC 20/20 and internationally recognized expert. “It is imperative that we recognize today’s successes as a milestone toward advancing GRC maturity.”
It was found that within in just one hour, ERP Maestro helped the organization complete what used to take 732 hours, while gaining immediate and ongoing savings of $74,000 by replacing their manual efforts, costing approximately $121,200 per year. Other results recognized by the organization include:
- First year savings of approximately $50,000 for hardware and maintenance alone
- Immediate and direct savings of 61% on top of what they were already spending
- Lower cost of ownership compared to alternate solutions – a savings of $400,000 per SAP instance in software licensing and consulting services
- Savings in external audit of $50,000 a year
A webinar with GRC 20/20 and ERP Maestro titled “How a Fortune 500 Security Company Reduced Access Control Auditing from Over 700 Hours to Less than One” goes into more detail about the program. Watch the webinar here.
To learn more about ERP Maestro’s selection for the 2014 GRC Value Award, read the press release here.