Problem:

Achieving regulatory compliance is non-negotiable for Financial Services Company. Not only can non-compliance result in severe penalties, but the resulting reputational damage can also have a direct bottom-line impact.

This organization previously used a home-grown system to correlate native reporting numerous systems, and manual processes to share the attestation reports with application owners. The process was made more complex when application owners requested special purpose reports, and worse with staff changes in system administration or critical compliance roles.

The reality was that the compliance burden wasn’t reducing, so this organization needed to find a smarter way to get the job done.

“We’re subject to an array of regulatory and compliance requirements, and user access is fundamental to all of them. We were looking for a flexible system to generate pre-defined reports that would help us achieve and demonstrate compliance, out of one system”, noted this infrastructure manager at this client organization.

Solution:

RightCrowd Access Analytics is designed to be vendor agnostic and purely focuses on auditing and reporting who has access to your systems and critical information. Users can instantly assess the health of access compliance across your business and quickly determine where further investigation or remediation is required.

The solution was configured to deliver custom reporting and to automate data collection and correlation. The solution was able to provide consistent reporting and take the entire process from weeks to minutes.

“The system delivered an easier, cost-effective way to generate standard information without stopping every process in the business”, noted the audit coordinator for this organization.

Benefits:

RightCrowd Access Analytics makes routine access compliance reporting easy.

The other benefits of RightCrowd Access Analytics included:

Reduce the time, complexity and cost of audit: automating the collection of access data, reduces the direct cost of compliance.

Visualize non-compliance: so that team leaders, applications owners and leadership could see who shouldn’t have access.

Fix access issues: timely access data, to fix issues before the audit.

Improved audit outcomes: actively demonstrate to auditors and the Board that critical compliance issues are being managed.