This functionality is used to provide an enhanced level of security for SaaS products but only allowing access from a specific address. This works for organizations where all the users are in one location.
Scenario: A financial services business is using CPM software to track, analyze and report its financial data. However, they want to prevent unauthorized access to the system from unspecified locations and keep their data secure.
Solution: The corporate uses the IP-based access control feature of the CPM software. It specifies the IP addresses of their headquarters and regional offices. The software then restricts access only for these specified IP addresses, prohibiting access from any other location, thus ensuring data security.
This isn't the most secure method out there, as IP addresses can be spoofed. Also consider any employees that are outside your network. Is someone working from home today? If so, they're locked out. What if IT changes the IP addresses on your network? If they do, you may be locked out completely.