Why is it important to have a process for account aggregation?

Having a process for account aggregation is crucial because it facilitates the accurate collection and synchronization of identity data across various systems and applications. This ensures that the organization has up-to-date and consistent identity information, which is necessary for effective identity governance and compliance. By aggregating accounts, organizations can consolidate user identities from multiple sources, reducing discrepancies and the likelihood of errors that may arise from fragmented data. Furthermore, accurate identity data aids in risk management and helps organizations enforce policies consistently, thereby enhancing security and operational efficiency.

The significance of accurate identity data cannot be overstated as it is foundational to successful identity management practices, including access controls and compliance reporting. Therefore, establishing a robust account aggregation process is essential for maintaining reliable and comprehensive identity data within the organization.