While audit processes have improved since the implementation of SOX, the automation of continuous access monitoring has continued to be siloed and encumbered by manual processes and point solutions. Manual processes require high-value company resources to spend time on low value manual procedures to scope, request, collate, and review data.
This cost grows exponentially in a heterogenous business application environment. It taxes and slows down control processes, and makes reporting very time consuming and often inaccurate because of scattered access and systems. Segregation of Duties, access management, and configuration and audit trail data analysis and review should be standardized and automated in a centralized platform, allowing implementation of simpler and more efficient and effective processes that take days not weeks.
GRC 20/20 Research
has conducted a detailed study of organizations that moved from manual and siloed approaches to Fastpath for automated controls across multiple business systems. GRC 20/20 found that organizations that utilize Fastpath make their automated and continuous control monitoring processes more efficient, effective, and agile. This results in a quantifiable return on investment.