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With the passage and recent audit deadlines of FERC and NERC guidelines, regulatory compliance has become a major focus for energy and utilities corporations. IT Security and business unit stakeholders in particular, are challenged in a variety of ways. Compliance with the letter of the guideline can be a challenge for organizations without strong access governance processes and policies. Complicating matters, demonstrating compliance through an annual review and certification process can be even more complex and time consuming, which results in less time available for organizations to focus on core business activities. The net result is higher operational and regulatory risk exposure.
Energy and utility organizations that build FERC and NERC compliance into a set of automated processes for access governance will benefit by reducing access related business risks, lowering the overhead associated with demonstrating compliance, increasing operational efficiency while streamlining access delivery and change management.