ACL recently commissioned Forrester Consulting to conduct “The Total Economic Impact™ of ACL: Cost Savings and Business Benefits Enabled by ACL for a Financial Organization” study in March 2017 as part of a series of studies measuring the benefits, costs and tangible value for organizations using the ACL Platform.
A previous study in the series, completed in December 2016, revealed an ROI of 402 percent over three years for an international airport.
“We believe these independent studies show ACL consistently delivers staggering ROI while also facilitating interdepartmental collaboration among teams responsible for managing diverse areas of enterprise risk,” said Dan Zitting, chief product officer at ACL. “ACL not only equips organizations with a single platform to assess risks, manage projects and continuously monitor transactional data, but also enables organizations to improve strategic agility by eliminating slow regulatory processes. Our customers can also directly tie—and track—strategic risks to business objectives, supporting performance as the number one driving force.”
The study identified the following quantifiable benefits the bank realized using the ACL Platform:
In addition to these quantified benefits, Forrester identified several unquantified benefits, or qualitative advantages, to using ACL’s data-driven compliance and risk management software including:
According to the bank’s Vice President of Risk, “ACL is the right product for us. It is organized. It is logical. [It is] more of an open-book approach to enterprise risk management. We’re constantly assessing and evaluating now, and so our processes have become more mature as we’ve become more risk aware.” The VP added, “With ACL’s platform, we can see how decisions are derived, and that has helped make the bank more risk aware.”
Read the full study, “The Total Economic Impact™ of ACL: Cost Savings and Business Benefits Enabled by ACL for a Financial Organization,” including a detailed financial analysis, now.