cloakware server password manager
business results
Significant cost savings and a rapid return on investment — these are the results of deploying CSPM in place of manual processing of application password changes.
Manual password changes require human effort and can result in server outages due to lack of password synchronization. The elimination of both of these factors contributes to the potential cost savings to be found with CSPM.
For example, an organization with 600 application passwords could conservatively save up to $2.5 million dollars over 5 years, using CSPM instead of manual methods, if it is required to change the passwords every 90 days. Savings increase for more frequent updates.
In addition to these savings, your organization will have taken a significant step towards mitigating the risk of a potential data breach by removing hard coded passwords — a known and common vulnerability.
Try the CSPM Savings Calculator to determine the cost savings your organization could be experiencing
Reporting and update management
Cloakware presents at IFTMA's World of IT Financial Management Conferences