Proof of Value: How much does your business save by investing in an IAM solution?
An IAM solution streamlines and secures the organization, but how big are the savings? If this is quantified, your company can decide whether an investment is appropriate and whether it should be prioritized. With the help of our Proof of Value analysis, you get the basis for making an accurate decision!
Alexander Friedensburg
22. March 2021
The challenge of calculating how much your organization saves by investing in Identity and Access Management (IAM) is that such a solution has consequences for so many areas. Both the efficiency and the user experience for the employees are affected, as well as the user support, IT management and security.
It is the sum of the efficiency gains and savings within each area that makes up the value - often very large amounts. However, the analysis presupposes that relevant factors are measured and the consequences understood.
How do we calculate the savings?
The value of an IAM solution lies in, among other things, user-friendly login, efficiency through automation and improved security - and this can actually be measured.
Example of calculation:
Single Sign-On (SSO) streamlines the working day for employees. Based on figures from a fictitious company, we can calculate the following savings:
- Number of employees: 500
- Wage cost / hour: NOK 500
- 8 logins / day
- Each login takes 20 seconds without SSO
- 225 working days per year
- Total cost of time spent on logins: NOK 2,500,000
Conclusion: For each application that the employees do not need to log in to, the company saves NOK 2.5 million annually in this example.
Similarly, we examine how much time is spent on MFA logins, loss of efficiency related to manual facilitation of application access, savings achieved as a result of integration with the company's HR system, improvement of access audits and compliance work and many more areas.
In total, we analyze 74 measurement points. The analysis is weighted according to the company's priorities, takes into account factors such as industry affiliation, wage costs and distinguishes between the company's employees and external users. In addition, we compare the company's situation with experience from similar companies for a simple benchmark.
How is the Proof of Value analysis conducted?
Initially, we will have a review with the IT management to familiarize ourselves with the company's situation and obtain relevant data. After an analysis of the information obtained, we are ready to present our findings in a next meeting where we also hand over the analysis in the form of a written report. The entire process is completed within 3 working days.
What is the benefit of such an analysis?
If your company performs a Proof of Value analysis, you will get an overview of the total savings you can expect if you invest in an IAM solution. Thus, you have a solid basis for comparison to assess the savings against the cost of the solution, as well as what priorities such an implementation project should possibly have internally.
How much will a Proof of Value analysis for IAM cost?
Cloudworks Proof of Value analysis: NOK 25,000 excl. VAT
Get in touch to talk more about a Proof of Value analysis for your company
In total, we analyze 74 measurement points. The analysis is weighted according to the company's priorities, takes into account factors such as industry affiliation, wage costs and distinguishes between the company's employees and external users. In addition, we compare the company's situation with experience from similar companies for a simple benchmark.
Total price for Cloudworks Proof of Value analysis for IAM: 25 000, - excl. VAT
