Oxus Com

Main Menu

  • Home
  • Net present value
  • Trustee
  • International monetary system
  • Principal-Agent Theory
  • Banking

Oxus Com

Header Banner

Oxus Com

  • Home
  • Net present value
  • Trustee
  • International monetary system
  • Principal-Agent Theory
  • Banking
Net present value
Home›Net present value›ForgeRock publishes the results of a Total Economic Impact

ForgeRock publishes the results of a Total Economic Impact

By Terrie Graves
July 15, 2022
0
0

ForgeRock® (NYSE: FORG), a global leader in digital identity, today released the results of a Total Economic Impact™ (TEI) study that examined the return on investment (ROI) businesses can achieve by deploying ForgeRock Consumer Identity and Access Management (CIAM platform). The commissioned study was conducted on behalf of ForgeRock by Forrester Consulting, which interviewed seven representatives from five organizations experienced in using ForgeRock and aggregated the results into a single composite organization. These results show that the composite organization achieved a 186% return on investment in less than nine months and a net present value (NPV) of $28.5 million over three years.

Businesses need to develop better user experiences and provide a secure environment to build stronger relationships with their customers. Forrester TEI research found that providing easy and secure access for customers to sign up, sign in, purchase, and manage preferences, no matter what device they’re on, increases customer loyalty and makes it more profitable. As a result, many top global brands depend on the ForgeRock Identity Platform to acquire customers faster, improve retention, and protect customer data.

To build the study, Forrester interviewed seven ForgeRock enterprise customers who have deployed the ForgeRock CIAM platform to explain the benefits and results organizations are seeing when using ForgeRock. The study quantified these benefits in five key areas: transforming legacy infrastructure into modern infrastructure, reducing software development and integration costs, improving time to value for deploying new features , reducing fraud and security-related customer service costs.

ForgeRock customers have reported millions of dollars in savings in many areas, as well as improved customer satisfaction scores from drastically reduced login times, more efficient password resets, and improved retrieval processes, resulting in increased customer acquisition and retention. IT organizations surveyed were able to deliver better functionality and service with fewer resources, allowing them to focus on high-priority projects. According to the study, the composite organization achieved significant cost savings over three years:

  • Over $8 million in savings by converting their old environment to ForgeRock
  • $1.3 million saved by avoiding IT development costs
  • Nearly $6 million in savings from more efficient deployment and rollout of new features
  • Reduced fraud cases, resulting in savings of $4.7 million
  • 40% reduction in security-related calls to the call center, resulting in a profit of $24 million

“We believe this new Forrester TEI study validates what we hear every day from our customers that ForgeRock helps them save money and increase revenue while delivering secure and seamless user experiences without compromise,” said Fran Rosch, CEO of ForgeRock. “Companies are increasingly looking to digital identity as a key differentiator – it’s the ‘gateway’ to their business – and I’m proud that so many of the world’s biggest brands trust to help them stay connected and drive growth in this increasingly digital world.”

In May, ForgeRock announced that it was the industry’s first comprehensive platform to integrate AI across the entire identity lifecycle. The company will continue to invest in human resources, R&D, artificial intelligence, ForgeRock Identity Cloud and global business development while continuing to improve its platform and provide companies with the tools to offer their customers and partners a safe and transparent experience.

To view the full TEI study or learn more about ForgeRock, visit www.ForgeRock.com.

Related posts:

  1. Buddies of Maitai name for monetary readability and sustainable forest administration
  2. Photo voltaic panels and California canals may make a profitable pair
  3. McLanahan Direct Drive Crushing helps lithium restoration and recycling.
  4. Important has its finger on the heartbeat of uncommon earth safety of provide

Categories

  • Banking
  • International monetary system
  • Net present value
  • Principal-Agent Theory
  • Trustee

Recent Posts

  • Ioneer: Striving to Reduce Risk (NASDAQ:IONR)
  • Foundation for Financial Planning Announces Appointment of Ben Harrison as New Chairman of the Board
  • Definition of paying agent | Global Currency Online
  • Sri Lanka seeks to boost electric car remittances
  • 2022-08-02 | TSXV: HELI | Press release

Archives

  • August 2022
  • July 2022
  • June 2022
  • May 2022
  • April 2022
  • March 2022
  • February 2022
  • January 2022
  • December 2021
  • November 2021
  • October 2021
  • September 2021
  • August 2021
  • July 2021
  • June 2021
  • May 2021
  • April 2021
  • March 2021
  • March 2020
  • Terms And Conditions
  • Privacy Policy