Banks, credit unions, insurance companies,
Netwrix Estimates 858% One-Year ROI with Netwrix Auditor 8.0
Netwrix calculator evaluates security, compliance and operational efficiency due to automation of auditing and monitoring processes
Irvine, CA, May 26, 2016
Netwrix Corporation, a provider of IT auditing software that delivers complete visibility into IT infrastructure changes and data access, today announced the launch of a new ROI calculator that will help companies estimate the long-term value of automated auditing and monitoring processes. The Netwrix ROI Report explains how companies can quantify their potential time and cost savings after implementing Netwrix Auditor and drive on an average enterprise ROI of 858%.
Netwrix Auditor is a visibility and governance platform that enables control over changes, configurations and access in hybrid cloud IT environments to protect data at rest regardless of its location. The platform provides security analytics to detect anomalies in user behavior and investigate threat patterns before a data breach occurs.
The calculations are done on the example of an enterprise that has 5,000 employees and 10 IT professionals in staff, while number of critical Active Directory changes equals 60 per month, time spent on monthly audit reports equals 10 hours per month and average monthly salary for an IT administrator is $5,000. The final Netwrix ROI Report shows that an average annual cost to manually find and investigate user behavior and anomalies and prepare reports using ill-configured native auditing tools, which require manual search for each event ID, comes up to $697,959. After replacing native auditing tools with Netwrix Auditor for Active Directory, the IT department may save $625,102 during the first year, achieving 858% one-year ROI and saving 2,238 labor hours annually. The calculations are based on best practices and feedback from Netwrix customers.
Every company can benefit from automated auditing and find out its ROI by entering five specific indexes such as number of Active Directory users, number of IT administrators, number of critical Active Directory changes per month, time spent preparing monthly audit report and average monthly cost for an IT administrator in the organization. These factors are used to present an estimate on first-year net savings, first-year ROI and annual time savings.
"Netwrix Auditor has been a great addition to my bank for security audit reporting and tracking Active Directory changes," said Bill Bailey, IT Manager and Vice President of Farmers Bank. "It makes the job of our IT team easier every day by saving time required to prepare various reports, especially during compliance audits, when it saves about 20-30 hours of work. I was really impressed by the demo before we purchased the software. And I have to say Netwrix Auditor fully met our expectations! I am very satisfied with the set of functions it offers and highly recommend it to others."
"Since the vast majority of IT organizations are understaffed and under budgeted, manual processes add more stress since they decrease the efficiency of IT workflows. From security point of view, this may cause an inability in the timely detection of a security risk before it results in a data breach," said Alex Vovk, CEO and co-founder of Netwrix. "To enhance the security posture of growing IT infrastructures, companies should focus on process automation. This allows companies to relocate their resources in the optimal way and become proactive in the detection of suspicious user activity and the prevention of data breaches."
For more information about Netwrix ROI Calculator and get full ROI report, please visit: www.netwrix.com/optimize_audit_costs_with_netwrix_auditor.html
About Netwrix Corporation
Netwrix Corporation provides IT auditing software that delivers complete visibility into IT infrastructure changes and data access, including who changed what, when and where each change was made, and who has access to what. Over 150,000 IT departments worldwide rely on Netwrix to audit IT infrastructure changes and data access, prepare reports required for passing compliance audits, and increase the efficiency of IT operations. Founded in 2006, Netwrix has earned more than 70 industry awards and was named to both the Inc. 5000 and Deloitte Technology Fast 500 lists of the fastest growing companies in the U.S. For more information, visit www.netwrix.com
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