Maximizing ROI with SaaS-Based Identity Governance and Administration (IGA): A Financial and Strategic Guide
IGA Modernization Series – Blog #3
The big question on everyone’s mind: Is it worth moving my legacy on-premises Identity solution to SaaS? In short: Yes. By now you know that legacy on-premise IGA solutions often struggle to keep pace, hindering agility, security, and operational efficiency. In this final entry of our IGA Modernization Blog Trilogy, you’ll learn more about why SaaS-based IGA programs offer a compelling return on investment (ROI) by addressing these challenges head-on.
By considering the Identity program holistically, opportunities for both quantitative and qualitative benefits emerge.
Direct Financial Advantages of SaaS IGA Solutions
- Direct cost savings: Quantify the reduction in IT expenditures by factoring in eliminated hardware, software, and personnel costs.
- Productivity gains: Estimate the value of improved user efficiency due to reduced access friction and downtime.
- Security improvements: Assess the reduced risk of breaches and compliance fines associated with stronger access controls.
- Strategic benefits: Consider the enhanced agility, responsiveness, and innovation enabled by a modern IGA solution.
Exploring the tangible monetary benefits of transitioning to a SaaS IGA platform reveals a clear economic narrative. The shift isn’t merely a cost-cutting exercise: it’s an astute investment in a scalable, future-proof identity management framework.
By converting capital expenditures into operational efficiencies, organizations unlock a streamlined budget with transparent costs. This transition paves the way for a more predictable and manageable financial planning strategy, aligning with the agility of modern business operations
Beyond the Numbers – Qualitative ROI of SaaS IGA
While quantifiable benefits are crucial, SaaS IGA offers additional advantages that contribute to an overall positive ROI:
- Improved user experience: Empower users with self-service functionalities for faster access requests and password management.
- Simplified compliance: Streamline audit trails and reporting for easier adherence to regulatory requirements.
- Enhanced governance: Provide centralized oversight and control over access, user lifecycles, and entitlements.
The direct financial gains are substantial, but the qualitative benefits of SaaS IGA systems are equally transformative. These systems enhance user experiences by optimizing identity management processes, boosting productivity and satisfaction.
SaaS IGA also strengthens security and compliance readiness, delivering invaluable peace of mind. By facilitating a culture of continuous improvement and innovation, SaaS IGA solutions empower organizations to thrive amid evolving landscapes.
Ready to explore Modern Identity?
Is the idea of modernizing your Identity Program & IAM processes resonating with you? We’re here to help! IDMWORKS has partnered with countless organizations to modernize their IGA and unlock the power of SaaS. Don’t take our word for it, experience it first hand with our complimentary consultation.
We invite you to delve deeper into this crucial topic by downloading our comprehensive whitepaper. It outlines the “What, Why, and How” of IGA modernization with SaaS solutions, equipping you with the knowledge and insights to take on this transformative journey.
This is part 3 of a trilogy blog series that outlines Why, How, and What can be done to modernize your IGA processes. Be sure to check out the other blogs in our IGA Modernization Series, where we cover the steps and benefits of embracing SaaS.
Authors: Nick Slabaugh – Director of Technical Solutions; Tara Allen – Digital Marketing Manager; Abhi Sarmah – Director of Technical Solutions