Essentially, it helps IT departments handle things like security, governance, auditing, identity management and policy controls.

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Enterprises thereby can assemble the appropriate detective, corrective and preventive controls required to provide a 360 degree control over identity and access.

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In the crucial area of corporate transparency, says Michael Levi, professor of criminology at the University of Cardiff, Jersey and Guernsey have tighter controls than Britain, where it is possible to conceal the identity of the beneficial owner of a company.

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Now, organizations can create a cross-department, enterprise-wide identity management process that provides a layer of intelligence to give enterprises the business insights needed to strengthen IT controls and reduce operational risk.

FORBES: Written by Kevin Cunningham