In 2021, leading industry analyst Gartner predicted that ‘over 70% of new IAM implementations by 2023 will be Converged IAM.’ What is Converged IAM and why is it so important?
Until now, if you want all IAM features you must buy multiple products, usually from different vendors. For Access Management (AM) which includes Single Sign-on, Multifactor Authentication, and Password Management, you must go to an AM vendor. For Identity Governance and Administration (AM), which includes Access Certification, Access Requests and Approvals, User Lifecycle Management, User Onboarding and Offboarding, and other modules, a customer must find an entirely different vendor. Procuring IAM in its entirety costs twice the money.
The products must then be implemented separately. This costs twice the money as well.
Finally, the products must be integrated. This is an ongoing and difficult exercise. Updates in AM software can cause disintegrations in the IAM environment.
Such expensive and archaic processes have given way to Converged IAM. In such technology, AM and IGA are offered as part of a single product, presented in a unified dashboard. The cost is exponentially lower as only 1 product must be purchased and implemented, and since everything is built on a common codebase, there are no technological hitches either.
Compact Identity is the world’s leading Converged IAM Solution
Gartner says that “Compact Identity’s IGA is more fleshed out than competitors.” The product offers excellent Access Management capabilities, along with deep and broad scope IGA. It is easy to use an implement. It can even be implemented by customers themselves. Compact Identity was engineered from the ground-up to serve the needs of small and medium businesses. (To know more about Compact Identity, visit www.ilantusproducts.com)
Pay per use, not per user!
Excellent technology aside, Compact Identity is also the world’s first and only IAM software to be offered in a pay-per-use model. You need only pay a small, fixed fee for cloud hosting and live support, then pay per multifactor authentication, single sign-on, password reset, access request, user onboarded or offboarded, and so on.
The cost is pennies to the dollars you would spend on typical IAM subscriptions (even other Converged ones.) Benefits of the model include always-high ROI (costs rise proportionally with benefits), easy expensing, and true flexibility.
To know more about Compact Identity, visit www.ilantusproducts.com today!