Reducing Costs in Cybersecurity
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The Problem
Security leaders and teams are often faced with a daunting task to identify where they can make a potential cost saving in their security portfolio. Many experienced security leaders will go through the exercise of evaluating products capability alongside all of the key contractual and financial information and identify what is business critical.
More often than not, this exercise can span over several weeks or sometimes months for the average enterprise and require large teams of resources to evaluate their whole portfolio. After completing all of this work, they will fall back into the same challenges as before and will be faced with the same problems on their next portfolio review, which is:
- Time taken by the evaluation leaves too little time to displace vendors
- Late unwanted renewals often leading to vendors inflating their renewal prior to being removed
- Difficulty tracking the functionality and direction of each vendor between portfolio reviews
- Missed opportunities where core vendors have expanded their capabilities to address needs previously met by niche vendors
How Can ESPROFILER Help
ESPROFILER is a portfolio management platform that can help enterprises have a comprehensive, real-time view of all their cybersecurity solutions capturing all the information required to make more accurate and fast decisions on how cost savings can be realised without increasing risk.
Eliminate Redundant Subscriptions
Identify solutions with overlapping functionalities including any ‘Shadow’ capability in the wider technology stack.
Identify Capability Overlaps
Gain a clear picture of your security portfolio with our detailed analysis on how products compare. We provide a unique breakdown of how similar your products are, highlighting potential redundancies.
Make Data-Driven Decisions
Use our data-driven insights to optimize your security posture. Identify areas where you can consolidate solutions and reduce your overall security stack complexity whilst not increasing risk or losing key capabilities.
Achieved Benefits
ESPROFILER helps guide security leaders and teams to conclusion quicker than traditional approaches. Reducing the consolidation exercise down from months to minutes.
Reduce costs by eliminating redundant solutions
Identify how strategic vendors can help optimise consolidation efforts by replacing niche technology
Reduce the time spent on analysis and getting foundational data and spend more time on removing redundant technology
Get the business of security done
Choose a better way to manage your security portfolio