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Getting StateRAMP or FedRAMP authorized is a costly, time-consuming process – but is it worth it? That depends on how much time and money it will take and how much more you'll make when you've achieved authorization.
You need to know whether the potential ROI is worth it before you jump in. But finding out what it will take can be difficult, and expensive.
Below we'll outline how PopeTech was able to assess what they needed to do to achieve StateRAMP authorization.
Considering Soc2, StateRAMP, FedRAMP, Etc
PopeTech, a fast-growing software company, was looking to get StateRAMP authorized.
This CSP wanted to demonstrate their security for clients and have the potential to secure state government contracts.
You may look into TX-RAMP, StateRAMP, FedRAMP or other security frameworks to provide reassurance to customers or gain new contracts, depending on the ROI.
Complications Calculating StateRAMP or FedRAMP ROI
Embarking on RAMP authorization journey requires a combination of:
- Extensive expertise
- Strategic planning
- Solid understanding of the financial and time commitments involved
PopeTech, aware of the complexity, had concerns regarding the costs, timeline, and the magnitude of changes to their existing security controls necessary to achieve authorization.
Without these answers, it was nearly impossible to calculate what their ROI would be on this effort. A Gap Assessment can cost between $10k and $60,000 – a significant expense.
Using a Gap Assessment to Calculate ROI
Rather than spend tens of thousands on an assessment PopeTech contacted Paramify for a free assessment to answer their questions.
In a short meeting with the CEO and Chief Security Officers of PopeTech we assessed PopeTech's cloud security capabilities and quickly documented their controls.
Paramify provided PopeTech with three essential summaries at no cost:
- The Risk Solution Implementation Summary
- Risk Priority Summary
- The StateRAMP Readiness Assessment
These documents served as the roadmaps for PopeTech's StateRAMP authorization journey.
The Risk Solution Implementation Summary outlines all the Risk Solution families for compliance with not only StateRAMP, but FedRAMP, DoD, CMMC, PCI-DSS, HIPAA, GDPR, and on and on.
The Risk Priority Summary highlights the areas where a company’s existing cloud security capabilities don't address certain required risk solutions. The Paramify Platform was then utilized to assign and track remediation tasks.
The StateRAMP Readiness assessment highlights the readiness percentage already achieved, broken down by segment.
→ Request your Free Gap Assessment today
PopeTech's StateRAMP Success with Paramify
PopeTech was able to streamline the StateRAMP readiness assessment process with Paramify.
The detailed analysis and clear roadmap enabled PopeTech to understand their current security status, prioritize actions, and monitor their progress towards authorization effectively.
Collaborating with Paramify allowed PopeTech to accomplish the authorization process swiftly and cost-effectively.
This optimized approach not only minimized resource allocation and expenses but also sped up the authorization timeline. This, in turn, resulted in a significant return on investment for PopeTech.
→ Learn how Paramify simplifies security optimization, making StateRAMP and FedRAMP authorization affordable for organizations like yours.
Request Your Free Gap Assessment Today
Ready to start your FedRAMP or StateRAMP authorization journey and find out your ROI?
We'd love to help set your CSP up on the authorization fast-track. Sign up for your free assessment today.
You'll receive your own:
- FedRAMP or StateRAMP Readiness Percentage Summary
- Risk Solution Implementation Summary
- Risk Priority Summary
- Sneak peak of your SSP (System Security Plan) in DOCX and OSCAL formats, CRM (Customer Responsibility Matrix), and Inventory Workbook
Armed with a clear roadmap to authorization, we’ll take the fear and uncertainty out of your StateRAMP or FedRAMP authorization journey. No risk. No cost. Start your assessment today and discover how Paramify can help you achieve your security objectives swiftly and with strong ROI.
If you'd like to see Paramify in action, you can also sign up for a free demo below:
Learn More:
→ How Long Does the FedRAMP Authorization Process Really Take
→ Get the Most Accurate SSP for Faster Assessment
→ Is Paramify the Best Option for You?
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