The pressure to find or update your IAM solutions is at an all-time high. But when faced with this pressure, you may be choosing an IAM solution that delivers unexpected costs in overhead and licensing fees.
According to Gartner, Inc., by not looking at alternative or even open-source options you could be missing out on as high as 25% savings in your IAM budget.
When rushing to find an Identity & Access Management (IAM) solution, you may end up with unexpected costs for a solution that doesn't best fit your IAM strategy. Unexpected and complicated licensing costs are the first area where cybersecurity budgets can be taken over.
Oftentimes, larger vendors offer starting packages or pricing that entices you to start using their suite of solutions. Or even a vendor you may already have, such as Microsoft, offers you "free" capabilities or steep discounts, with the caveat that you need to adjust your strategy and migrate to the cloud. However, when you go to expand on your use of these solutions you will suddenly face high licensing fees, and it will be too late to turn back.
Total Cost of Ownership
Also where your IAM solution is deployed can have a significant cost implication. Going with an on-premises IAM solution can put additional overhead and stress on the IT team, with on-premises IAM solutions requiring strong in-house expertise to be maintained.
Finding an Affordable Solution is not Impossible
Overall, a solution that doesn't support your IAM strategy will quickly result in not only increased costs but also present limitations that negatively impact your users' experience.
However, that is not to say that finding an appropriate and affordable solution is impossible. As recommended it is important to go beyond evaluating the "obvious" choices on the market and look towards alternative and open source options. Evaluating authentication methods such as biometrics as an alternative to hardware tokens and phone-based methods is also a best practice.
The main point is to make sure you look for a solution that fits within your IAM strategy and cybersecurity budget. Be aware of the actual costs and avoid complicated, difficult-to-understand pricing models. Just because something is "free" doesn't mean it will be in the long run.
PortalGuard IDaaS Delivers Lower TCO
At almost half the cost of competitors, PortalGuard IDaaS is affordable for any security budget and offers flexible options to be able to adapt to fit your IAM strategy and reduce TCO. Licensing is simple, easy to understand, and does not come with any "surprises". With industry-leading biometric authentication integrated into the platform, PortalGuard provides you with a low-cost alternative to more expensive authentication methods and IAM solutions.