Define 'Entitlement Management' as it pertains to Saviynt.

Entitlement Management in Saviynt refers to the systematic approach of managing permissions and entitlements granted to users and systems. This encompasses overseeing who has access to specific resources and ensuring that the rights and privileges assigned align with the organization’s policies and compliance requirements. Effective entitlement management is crucial as it helps organizations maintain security, minimize risks associated with unauthorized access, and enable proper oversight of user permissions across various systems.

By managing both permissions and entitlements, organizations can ensure that users have the appropriate level of access they need to perform their job functions while protecting sensitive information. This process also facilitates auditing and reporting capabilities, allowing for a clear view of access rights and adherence to governance policies. Thus, option B accurately encapsulates the comprehensive nature of entitlement management within the context of Saviynt.