ERP Maestro Launches Free, First of Its Kind Access Risks Tool for Companies Using SAP® ERP
Updated on September 6, 2019: We’ve transformed Active Risk Monitoring (ARM) into Access Security Risk Assessment. Visit here to learn more.
PLANTATION, FLORIDA – Oct. 1, 2018 – ERP Maestro, provider of automated and cloud-based controls for access, security and GRC, announces today the availability of Active Risk Monitoring (ARM), a free tool that helps organizations strengthen their internal cybersecurity efforts by examining the existence of Segregation of Duties (SoD) conflicts in their SAP environment
As the first “freemium” tool for analyzing access risks in SAP, ARM is unrivaled for its quick installation and visibility. Within minutes of initial set up, users can get a personalized dashboard of their conflicts sorted by level of risk and business transaction.
“Modeled after our Access Analyzer solution, ARM was designed to be easy to use and understand,” said Michael Marks, VP of Product and Customer Success at ERP Maestro. “Most insider attacks are caused from weak access controls. We are confident that ARM will help organizations understand that controls, risk monitoring and reporting don’t have to be complicated or time-intensive.”
The launch of ARM commences the U.S. Department of Homeland Security’s National Cybersecurity Awareness Month, an initiative during October to raise awareness about the importance of cybersecurity. As most companies focus on stopping external threats, internal threats are disregarded or undetected despite their harmful impact. According to IBM’s SecurityIntelligence blog, 75 percent of all cybersecurity threats are insider attacks. A prime example of an insider attack is fraud, and a typical company loses five percent of its revenue to fraud each year.
“Despite the number of internal breaches, organizations are still blind to these threats due to lack of visibility,” said Marks. “These systems have complex security structures and can have thousands of users, making it difficult to pinpoint where risks lie and how exactly to fix them without disrupting business processes. Without cost and with minimal set up, ARM gives organizations an opportunity to experience the one-of-a-kind, automated tool to find and examine insider access risks.”
ERP Maestro’s automated platform has gained market recognition for its technology that requires no implementation time or cost, reduces processing time from hours to minutes and gives unparalleled controls for access and security.
Organizations can get started with ARM by visiting https://sap.erpmaestro.com/arm, creating their free account, and downloading and installing the lightweight app in just minutes. Users will be able to access their customized risk dashboard within the same day of installation.
“High-level risks are often hidden in plain view,” said Jody Paterson, CEO of ERP Maestro. “Every company should have the ability to see these risks clearly and be able to resolve them. We are even building risk remediation recommendations into ARM as a core feature, so companies gain not only awareness, but knowledge on how to fix it.”
About ERP Maestro
ERP Maestro makes managing access risk, compliance, and security in SAP® environments incredibly easy. Its award-winning software as a service (SaaS) platform automates the monitoring, detection, and prevention of internal cybersecurity risks in SAP systems, minimizing potential breaches and fraud and accelerating remediation. Its industry-leading segregation of duties (SoD) analysis is used by seven of the world’s top 10 audit firms and empowers organizations to establish effective governance, risk, and compliance (GRC) processes. Learn more at www.erpmaestro.com.
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