SoD Matrix: 4 Relevant Facts You Need to Know

The Segregation of Duties (SoD) matrix is an essential tool for managing access and ensuring compliance within companies. The main purpose of the SoD matrix is to prevent a single individual from having access to conflicting permissions, which may result in fraud, operational errors, or regulatory violations.

In this article, we will explore four relevant facts about the SoD matrix that demonstrate its importance and how it can positively impact corporate risk management.

1. Companies lose up to 5% of their annual revenue from internal fraud

According to the Association of Certified Fraud Examiners (ACFE), companies lose, on average, 5% of their annual revenue due to internal fraud. The absence of effective controls, such as a SoD matrix, directly contributes to this scenario.

Segregation of duties acts as a barrier to minimize these losses, restricting access that may facilitate the occurrence of fraud.

2. 30% reduction in time spent on audits

One of the biggest advantages of the SoD matrix is the efficiency it brings to internal and external audits. A survey conducted by governance consultancies indicates that companies that use a SoD matrix reduce the time spent on audits by up to 30%.

This is because auditors are able to identify and review potential conflicts in a more agile way, thanks to prior control of permissions.

3. Organizations that implement SoD increase compliance

Compliance with regulations, such as the Sarbanes-Oxley Act (SoX) and the General Data Protection Act (LGPD), is one of the biggest concerns of companies. However, those who use the SoD matrix register an increase in compliance rates, as they are able to align their operations with regulatory requirements, reducing legal and financial risks.

4. Automating the SoD Matrix reduces human errors

Many companies still manage permissions manually, which increases the possibility of failures. Automated systems for the SoD matrix are able to reduce human errors, according to Gartner.

Automation not only improves accuracy, but it also optimizes processes and facilitates continuous monitoring of access conflicts.

Why adopt a SoD Matrix?

The segregation of duties matrix is more than a compliance tool; it's an investment in safety and efficiency. Companies that implement a SoD matrix enjoy a significant reduction in risks, greater transparency in processes, and a better ability to respond to audits and regulators.

In addition, the SoD matrix demonstrates commitment to good corporate governance practices, strengthening the organization's reputation in the market and promoting trust between stakeholders.

This data makes it clear: adopting the SoD matrix is a strategic decision for companies that want to minimize risks and improve compliance. From preventing fraud to optimizing audits, the SoD matrix offers tangible benefits that boost security and organizational efficiency.

If your company has not yet implemented this practice, it's time to start: Assess your needs, seek appropriate tools, and transform access management into a competitive advantage. Access our site and learn about our solutions.

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