Formmi
Using Identity and Access Management solutions to address Enterprise Risk

Businesses run by women continue to be the shining light in today’s marketplace. The recent Global Entrepreneurship Summits are testimony to the fact that more women are playing an important role in the business world and motivating others. Two such inspiring entrepreneurs are Roopa Chowbey and Savitha Bilgikar, IAM experts and co-founders of Formmi, a SWaM certified identity and access management services company specializing in fixed-time and fixed-cost IAM assessment and implementations. Roopa and Savitha formally launched Formmi in late 2018 with the mission to help organizations create sustainable and effective information security operations. Today, Formmi comprises a team of highly experienced professionals who have implemented and managed processes, programs, and operations in the areas of IAM, operational risk management and cloud enablement. The firm is focused on providing its IAM services to mid-sized organizations in markets including higher education, financial, and banking. Roopa, President of Formmi, says, “We enable organizations to derive the best value from their IAM investment with our unique services: AssessIAM and FastIAM. We help organizations build sustainable and efficient IAM operations taking a no-wastage implementation approach while fostering a culture of integrity, diversity of thought, compassion, and continuous improvement. Through our fixed-cost FastIAM service, we facilitate the successful implementation of IAM programs using industry best practices.”

Talking in depth about the benefits of the services offered by the company, Savitha, chief operating officer of Formmi, informs, “One of the common trends we see in the industry is organizations are spending too much or too little on their security, and are not able to maximize their return on investment. With this sub-optimal utilization, legacy solutions, and lack of insight into best practices, many organizations continue to struggle with: Where do we start?” To address that, Formmi offers an IAM assessment service, AssessIAM, through which the firm analyzes an enterprise’s current IAM footprint, understands its goals for IAM (related to compliance, security, efficiency, and automation) and provides actionable recommendations to fulfill their objectives.

Formmi’s subject matter IAM experts obtain a 360-degree view of the client’s IAM requirements and provide a detailed report on the state of IAM along with recommended roadmap, identified risks, health checks, and KPIs. “Using this methodology, we have successfully helped several businesses eliminate customizations, reduce cost, and develop their IAM roadmap based on both the business and security requirements,” mentions Roopa.

A significant issue that Formmi addresses seamlessly is keeping enterprise data secure in today’s era of remote working. While remote working is helping businesses keep the lights on, it is greatly increasing the risk of security breaches through malware, phishing scams, or ransomware. By partnering with vendors who are leaders in the IAM market segment, Formmi implements self-service solutions for password reset, and account request and approval processes, thereby enabling firms to increase the productivity of remote workers while decreasing the cost of operations. “In addition, Formmi has proven methodologies and strategies to help organizations secure their unstructured data to minimize data risk”, says Savitha.

Our fixed-cost FastIAM service takes a no-wastage approach to ensure successful implementation of IAM programs using industry best practices

In response to the impact of COVID on organizations and subsequent remote work requirements, Formmi recently launched a service called Accelerated Assessment which helps organizations urgently review and address their security, compliance, and budgetary goals. As part of its vision of becoming a leader in delivering security solutions to eliminate enterprise risks, Formmi is launching a new service called ACCessIAM in 2021 for access management implementations on fixed-time and cost basis, to augment its current array of services. Alongside, the firm is working on expanding its global footprint and building a customer base across North America, Latin America, and India. Formmi is also actively engaged in mentoring and educating the future generation of women in IT. In the current age of ever-increasing security threats, one cannot overlook the significance of managing identities within or across enterprises. With partners like Formmi, dedicated to elevating the overall security strategy of an organization, the future of cybersecurity is bound to change.