Value Achieved in Automated Control Management
Executive SummaryTo address access control risk, organizations are establishing an access control and SoD strategy with process and technology to build and maintain an access control program that balances business agility, control, and security to mitigate risk, as well as reduce loss/exposure and satisfy auditors and regulators while enabling users to perform their jobs. Home Meridian International (HMI) is a furniture company that is headquartered in North Carolina, USA. HMI realized that managing SoD risks manually was a massive undertaking for their small team of three. They decided to look for a fast, easy-to-manage solution to identify and manage SoD conflicts. If they did not, there was the possibility of auditors discovering SoD risks in their financial statements which would have affected the bottom line of the parent company. The one solution that stood out was Access Analyzer. HMI evaluated and chose ERP Maestro’s Access Analyzer cloud-automated control solution based on a recommendation from their auditing firm. GRC 20/20 has evaluated and verified the implementation of ERP Maestro’s Access Analyzer at HMI, and confirms that this implementation has achieved measurable value across the elements of GRC efficiency, effectiveness, and agility. In this context, GRC 20/20 has recognized HMI and ERP Maestro with a 2019 GRC Value Award in the domain of Automated Control Management.
Table of Contents
- Growing Need for Automated Access Control & Segregation of Duties
- Home Meridian International Value Achieved in Automated Control Management
- The Challenge Home Meridian Faced
- Solution to Home Meridian’s Problem
- Value Achieved in GRC Efficiency, Effectiveness, and Agility
- GRC Efficiency Value
- GRC Effectiveness Value
- GRC Agility Value
- About GRC 20/20 Research, LLC
- Research Methodology
AuthorMichael Rasmussen – The GRC Pundit @ GRC 20/20 Research, Michael Rasmussen is an internationally recognized pundit on governance, risk management, and compliance (GRC) – with specific expertise on the topics of GRC strategy, process, information, and technology architectures and solutions. With 23+ years of experience, Michael helps organizations improve GRC processes, design and implement GRC architectures, and select solutions that are effective, efficient, and agile. He is a sought-after keynote speaker, author, and advisor and is noted as the “Father of GRC” — being the first to define and model the GRC market in February 2002 while at Forrester Research, Inc.
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