Is an investment in risk management technology worth it?
Risk and compliance professionals instinctively know that technology can improve efficiency and give them more timely and accurate decision insights – but hard data on the expected return on investment has historically been hard to come by.
To help organizations quantify the potential ROI of implementing an integrated risk management solution, Riskonnect commissioned Forrester Consulting to conduct a Total Economic Impact (TEI) study on a sample customer. Forrester conducted an in-depth financial analysis, as well as interviews with executives and analysts, to understand the benefits, costs, and risks associated with that organization’s technology investment.
The results offer specific cost-savings data from:
- Analytics and reporting automation efficiencies
- Claims processing workflow benefits
- Retirement of legacy risk management system
The study also offers objective insight into the ability to focus on higher-value work, greater stability of insurance rates, and other unquantified benefits.
To read the full study, The Total Economic Impact™ Of Riskonnect Integrated Risk Management Platform, an August 2019 commissioned study conducted by Forrester Consulting on behalf of Riskonnect, please complete the form »