As the number of cryptographic keys in business applications continues to grow, the task of managing them is increasingly complex, with manual and decentralized approaches proving to be both expensive and prone to mistakes, while compliance efforts require significant time and resources. Cryptomathic's CKMS offers a centralized solution for key management, providing automated updates and distribution across various applications. This system oversees the complete lifecycle of both symmetric and asymmetric keys, enhances business processes, and ensures that organizations can confidently meet compliance standards during internal and external audits. The primary challenges in key management often include unclear ownership of processes, a shortage of skilled personnel, and the presence of disjointed systems. CKMS effectively tackles these issues by establishing defined roles and responsibilities for key management, relieving staff from monotonous manual tasks, and enabling them to focus on strategic policy-making. Furthermore, implementing CKMS can lead to improved operational efficiency and reduced risk of non-compliance, ultimately strengthening an organization’s security posture.