Leading enterprises in the global economy owe much of their success to their partnerships in the supply and distribution of products, services, and information. Modern value chains have become highly efficient in many ways, but most enterprises are guilty of the expensive, risky, and cumbersome practice of managing their partners' user IDs and passwords for them.
This might not seem like a major flaw. But leading retailers, manufacturers, financial institutions and insurance companies are realizing that there must be a better way. Some of the challenges they're trying to solve include:
Cost: Managing thousands or even millions of partner identities is expensive. The need to create new IDs and passwords (and reset passwords) is constant.
Risk: You never know when a user leaves a partner organization, so many of the users you are maintaining are not active or valid. If any of those passwords are stolen or sold, you could have a breach on your hands.
Time to Value: If you take too much time onboarding partners with access to the right systems and data, your competitors might get the latest products on their shelves or to new markets faster than you.
Watch this short video of Ranjan Jain from Cisco as he explains how identity plays a vital role in streamlining and securing your supply chain.