ERP Maestro has demonstrated innovation in GRC by addressing the need for a low cost and rapidly implemented cloud-based SoD and Access Control solution for companies of any size, said Michael Rasmussen, Chief GRC Pundit for GRC 20/20.
Weston, FL (PRWEB) March 12, 2014
ERP Maestro, Inc., the only subscription-based cloud service provider of Segregation of Duty (SoD) and Access Control solutions for SAP™ users, today announced the results of a customer study revealing 78-85% cost savings compared to traditional software alternatives – effectively making SoD adoption a reality for enterprises of all sizes. The company also announced that its flagship platform Access Analyzer™ has been honored with a 2014 GRC Technology Innovation Award by independent analyst firm GRC 20/20 recognizing technologies revolutionizing the Governance, Risk Management and Compliance (GRC) market.
ERP Maestro will be demonstrating its award-winning solution and offering free “SAP Health Checks” to any company attending SAPinsider’s GRC 2014 Conference, March 18-21, Walt Disney World® Swan and Dolphin resort in Orlando, Florida, Booth #325. GRC 2014 is an annual collaboration of SAP and SAPinsider and is the preeminent event for professionals who use and support SAP governance, risk, audit, and compliance solutions.
U.S. enterprises lose an estimated 7% of annual revenues to fraud according to The Association of Certified Fraud Examiners. Segregation of Duties (SoD) in SAP, the business application used by 180,000 companies worldwide and 74% of the Fortune 500, is a top contributor in these fraud activities and is a key requirement for avoiding shareholder lawsuits and achieving Sarbanes Oxley (SOX) Compliance. SoD is also key to an effective security strategy to protect against rising SAP critical vulnerabilities that can lead to fraud and embezzlement.
These organizations are turning to ERP Maestro’s ground-breaking cloud solution to immediately address their SoD automation, remediation and risk analytics efforts; and save hundreds of thousands to millions of dollars annually through ERP Maestro’s simple subscription-based model (one-time fee of $35,000 plus $1.50 per SAP user monthly, with fixed enterprise plans available):
- “Quick Fix” for Pre-IPO (S-1 filed) Organizations: Private companies need to prepare for addressing forthcoming SOX audit requirements quickly, often in under a few months, while conserving capital pre-IPO.
- “Changing the Paradigm” for Small to Medium Enterprises: Traditional SoD solutions costing $500,000-$2,000,000 have been cost-prohibitive to companies in this segment, forcing them to handle it manually, and often improperly, with extra staff and spreadsheets – or not at all.
- “Stepping Stone” for SAP GRC 10 Customers: Companies waiting to start their SAP GRC 10 implementations, which can take 6-8 months or more to complete, or waiting to receive budget approval, can use ERP Maestro as a stepping stone.
“ERP Maestro has demonstrated innovation in GRC by addressing the need for a low cost and rapidly implemented cloud-based SoD and Access Control solution for companies of any size,” said Michael Rasmussen, Chief GRC Pundit for GRC 20/20 and internationally recognized expert.
In his third annual GRC Technology Innovation Awards blog, Rasmussen adds, “Automated Segregation of Duty and Access Control solutions are known to be exorbitantly expensive and take a considerable amount of consulting resource and time to implement. ERP Maestro’s Access Analyzer™ solution provides Segregation of Duty and Sensitive Access Analytics and reporting over a completely cloud based architecture. With a cloud based delivery mechanism of an Access Controls solution, not a hosted solution technology, customers receive cost benefits of a multi-tenant environment and the exclusivity and security of a dedicated server.”
“We are honored to be recognized for our innovation by respected analyst firm GRC 20/20 and are committed to shifting the SoD and Access Control paradigm from a daunting, capital intensive, on-premise software approach to an empowering subscription approach that is implemented in a day, not months, at a fraction of the cost,” stated Howard Frankel, Chief Executive Officer for ERP Maestro.
About ERP Maestro
ERP Maestro provides a complete end-to-end Segregation of Duty and Access Control Analytics solution that is made available to our clients via a subscription service. Implementation, MaestroCare® support, training, software updates and new feature releases are included as part of the service, and Microsoft Azure ™ global data centers provide our clients with secure 24/7 anywhere access. As a low cost, high value all-inclusive subscription service, ERP Maestro’s Access Analyzer™ accelerates the identification of SoD conflicts to expedite the remediation effort, while eliminating the need for significant capital expenditures. For additional information visit http://www.erpmaestro.com or follow on Twitter @ERPMaestro.