Fastpath Case Studies Opower Reduces Audit Risk by Using Fastpath Assure for their Segregation of Duties Analysis in Intacct

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	Opower Reduces Audit Risk by Using Fastpath Assure for their Segregation of Duties Analysis in Intacct Fastpath

Opower Reduces Audit Risk by Using Fastpath Assure for their Segregation of Duties Analysis in Intacct

Fastpath

Technology Category	Application Infrastructure & Middleware - Data Exchange & Integration Platform as a Service (PaaS) - Connectivity Platforms
Applicable Industries	Utilities
Applicable Functions	Business Operation
Use Cases	Process Control & Optimization Regulatory Compliance Monitoring
Services	System Integration Testing & Certification
Challenge	Opower, a global leader in cloud-based software for the utility industry, was experiencing rapid growth. They needed a Segregation of Duties (SoD) analysis to ensure appropriate user access inside their Intacct ERP system. The organization was using spreadsheets of incompatible functions to manually review their SoD analysis and relying on their employees to know exactly what they could and could not do within Intacct. This process was time-consuming and unreliable. Opower became concerned about their risk and the accuracy of these reviews and knew they needed a better process. Read More
About Customer	Opower is a publicly traded company on the New York Stock Exchange under the stock ticker OPWR. Founded in 2007, Opower's technology is transforming the way utilities relate to their customers. The company has been named a Bloomberg New Energy Finance Pioneer, EURELECTRIC’s Company of the Year, and among the 20 fastest growing tech companies in North America. As a global leader in cloud-based software for the utility industry, Opower was experiencing a rapid rate of growth and needed a solution to ensure appropriate user access inside their Intacct ERP system. Read More
Solution	Opower found the best option was Fastpath’s Assure tool. Assure allows companies to easily perform SoD analysis and security access reviews. Implementation takes hours/days—not weeks or months. With the Assure tool up and running, Opower had the opportunity to become familiar with the tool as well as use many features included in it. After installing Assure, they were able to understand conflicting permissions from a SoD perspective and able to easily identify and analyze any noted risks. Read More Log in to view content
Contents

Technology Category

Application Infrastructure & Middleware - Data Exchange & Integration

Platform as a Service (PaaS) - Connectivity Platforms

Applicable Industries

Utilities

Applicable Functions

Business Operation

Use Cases

Process Control & Optimization

Regulatory Compliance Monitoring

Services

System Integration

Testing & Certification

Challenge

Opower, a global leader in cloud-based software for the utility industry, was experiencing rapid growth. They needed a Segregation of Duties (SoD) analysis to ensure appropriate user access inside their Intacct ERP system. The organization was using spreadsheets of incompatible functions to manually review their SoD analysis and relying on their employees to know exactly what they could and could not do within Intacct. This process was time-consuming and unreliable. Opower became concerned about their risk and the accuracy of these reviews and knew they needed a better process.

About Customer

Opower is a publicly traded company on the New York Stock Exchange under the stock ticker OPWR. Founded in 2007, Opower's technology is transforming the way utilities relate to their customers. The company has been named a Bloomberg New Energy Finance Pioneer, EURELECTRIC’s Company of the Year, and among the 20 fastest growing tech companies in North America. As a global leader in cloud-based software for the utility industry, Opower was experiencing a rapid rate of growth and needed a solution to ensure appropriate user access inside their Intacct ERP system.

Solution

Opower found the best option was Fastpath’s Assure tool. Assure allows companies to easily perform SoD analysis and security access reviews. Implementation takes hours/days—not weeks or months. With the Assure tool up and running, Opower had the opportunity to become familiar with the tool as well as use many features included in it. After installing Assure, they were able to understand conflicting permissions from a SoD perspective and able to easily identify and analyze any noted risks.

Impact #1	Opower is now able to rely on Fastpath’s Assure for both accurate and quick SoD analysis.
Impact #2	Fastpath’s solutions have brought confidence and a sense of ease to an otherwise tedious internal process, as well as reduced their risk of incompatible duties across their accounting team.
Impact #3	Opower was able to understand conflicting permissions from a SoD perspective and able to easily identify and analyze any noted risks.

Impact #1

Opower is now able to rely on Fastpath’s Assure for both accurate and quick SoD analysis.

Impact #2

Fastpath’s solutions have brought confidence and a sense of ease to an otherwise tedious internal process, as well as reduced their risk of incompatible duties across their accounting team.

Impact #3

Opower was able to understand conflicting permissions from a SoD perspective and able to easily identify and analyze any noted risks.

Benefit #1	90% time savings for doing an SoD analysis.
Benefit #2	More frequent reporting on SoD.
Benefit #3	Likely saves thousands of dollars.

Benefit #1

90% time savings for doing an SoD analysis.

Benefit #2

More frequent reporting on SoD.

Benefit #3

Likely saves thousands of dollars.

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Overview

Opower Reduces Audit Risk by Using Fastpath Assure for their Segregation of Duties Analysis in Intacct

Operational Impact

Quantitative Benefit