It’s always great news when we hear about a customer’s delight when using Aikido Security. But, we don’t want to keep all the good stuff to ourselves! Let’s focus on Loctax, the first-ever collaborative tax governance platform for global in-house tax teams.
Loctax delivers its tax services to companies such as Wise, PedidosYa, Iba, Luxottica, and Trainline. For Loctax, it’s vitally important to go above and beyond to ensure the security and compliance of their environment and customer data.
Together, we improved their triaging speed by reducing false positives and irrelevant security alerts. But, we didn’t stop there. We also improved Loctax's security posture while it accelerated product development. Overall, the result has been saving valuable time and money. As Loctax reduces tax risk headaches for its customers, Aikido reduces security risks for Loctax.
The challenge: striking a balance between speed and security
Loctax faced a common dilemma. How could it balance rapid product development with uncompromising security? The pressure was on to deliver top-notch solutions for its customers. Meanwhile, Loctax also needed to safeguard sensitive tax data and stay compliant with the highest security standards. On top of that, they needed to do this with a small team while optimizing for cost.
However, Loctax encountered obstacles with its existing security solution. False positives were more abundant than snow in Alaska, consuming valuable time in triage and analysis work.
This is no surprise to us. In our recent consultations with SaaS CTOs, false positives ranked as the number two security flaw with their current security software choices. These CTOs also ranked eliminating false positives as the second most important activity to achieve strategic business outcomes. So it turns out that Loctax’s needs fit right in with what SaaS CTOs are telling us. And, let’s face it, false positives also desensitize you from looking at the things that really matter.
Meanwhile, overlapping findings from different tools created another roadblock on their path to being secure. The lack of tool integration made it challenging to get a central overview of real security priorities.
To top it all off, the subscription costs of the security solutions they were already using were surging due to rapid team growth. This fee-per-head pricing method was putting a strain on their security budget.
Put all this together, and it became clear to Loctax’s CTO and co-founder, Bart Van Remortele, that he needed to change the company’s approach. He decided to find new tools to combat these challenges and discovered Aikido Security.
Aikido Security delivers results for Loctax
Switching to Aikido Security’s product was a game-changing decision for Loctax and has brought many positive outcomes.
Auto Triage: the power of efficiency
Our auto triage feature emerged as a true black belt! It filtered out the noise and false positives that had been distracting. Not only that, but we also provide a custom vulnerability reachability engine. This checks if a vulnerable function is actually reachable.
With this pesky clutter cleared out and real vulnerabilities clearly identified and prioritized, Loctax's development team was able to become more efficient and productive. They boosted productivity by saving precious time that was previously lost to unnecessary investigations.
A unified dashboard: harmonizing security workflow
Aikido, the martial art, provides skills to defend yourself effectively while using the least amount of effort. Aikido Security applies this principle. For Loctax, we supplied a single dashboard that became the hub of security operations.
Integration into Loctax's existing tech stack was a breeze. Aikido offers a comprehensive view of all security issues without the headache of overlapping notifications. When critical security events arose, timely alerts popped into their relevant Slack channels. Therefore, with effortless integration into project management tools, Aikido smoothed out security task management.
Cost savings: 50%
Consolidating the security toolset proved to be a masterstroke. Consequently, Aikido Security's impact on Loctax's finances was significant. The result? A remarkable 50% reduction in security operations costs. Yes, you read that correctly - 50%! As Loctax's team continued to grow, its security expenses no longer created budget headaches. This left more resources for Loctax’s core mission: providing in-house tax teams with a new standard for tax management and operations.
Aikido Security helps defend your SaaS
Let’s be clear: there is pressure on SaaS companies to pursue first-class security, and Loctax is no different. But, it’s extremely hard for a team focused on developing a product to also manage the complexity of their whole security posture in-house. Our partnership with Loctax exemplifies the transformative power of Aikido Security for companies in this situation. Loctax can fully focus on collaborative tax management for in-house tax teams, and Aikido keeps it secure.
We have replaced our previous solution with Aikido due to its superior performance and effectiveness. - Bart Van Remortele, CTO and co-founder of Loctax
By embracing Aikido's solutions, Loctax optimized its security posture and eliminated false positives. This saved precious time and achieved remarkable cost efficiencies. Their development team's speed remained unshaken, and their security became stronger than ever.
Aikido Security helps defend your SaaS
Make your first tai-sabaki with Aikido by scanning your repos for free. In less than 2 minutes, you'll gain valuable insights into your security posture. Empower your organization, boost development, and embrace the peace of mind that comes with a solid security defense.
Download our Loctax customer case study.
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