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

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

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
The 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 The 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.
The 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.
Operational Impact
  • Opower is now able to rely on Fastpath’s Assure for both accurate and quick SoD analysis.
  • 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.
  • Opower was able to understand conflicting permissions from a SoD perspective and able to easily identify and analyze any noted risks.
Quantitative Benefit
  • 90% time savings for doing an SoD analysis.
  • More frequent reporting on SoD.
  • Likely saves thousands of dollars.

Related Case Studies.

Contact us

Let's talk!

* Required
* Required
* Required
* Invalid email address
By submitting this form, you agree that IoT ONE may contact you with insights and marketing messaging.
No thanks, I don't want to receive any marketing emails from IoT ONE.
Submit

Thank you for your message!
We will contact you soon.