ACL recently announced that an independent study found an international airport management organisation that deployed the firm’s full data-driven audit and governance, risk and compliance (GRC) management platform achieved a return on investment (ROI) of 402%. It also considerably improved the organisation’s operational efficiency. ACL commissioned Forrester Consulting to conduct “The Total Economic Impact™ of ACL” study in December 2016.
To measure the benefits, costs and risks associated with the ACL Platform, Forrester applied a multi-step methodology to evaluate the impact of the technology investment on the organisation, who has used ACL’s analytics-driven GRC platform for several years. The study concluded the total cost savings and value creation for the customer in using the ACL Platform totalled US$1.66M (net present value) over a three-year period.
“We believe this Total Economic Impact™ study showcases ACL’s capabilities beyond internal audit applications to other areas such as operational and compliance risk management,” said Dan Zitting, chief product officer at ACL. “By connecting disparate data sources and implementing continuous monitoring analytics, organisations can more efficiently manage risk and identify opportunities across departments, as well as empower senior management to make data-informed decisions.”
The study identified the following quantifiable benefits that the organisation experienced by using the ACL Platform:
In addition to these value-added benefits, Forrester identified several qualitative benefits to using ACL’s data-driven GRC platform. Examples include productivity improvements and cost savings due to operational improvements accomplished with the improved monitoring and management of issues across departments, such as shorter security lines, improved food handling in restaurants and reduced risk of retailer shortages. Additionally, the use of ACL has led to improved data collection and report creation, quicker operational risk reviews and improved decision making—all with a smaller team. The study found that initial total deployment time for implementing the ACL solution and staff training was two months.
According to the program manager at the international airport:
“ACL was part of a total solution that delivered the right software tools to the right personnel for the right activities…ACL enables us to get so forensic and so precise that it means there is essentially no hiding place. So, it means that the business would take us more seriously than they did previously.”
To read the full study, “The Total Economic Impact™ Of ACL: Cost Savings And Business Benefits Enabled By The ACL Platform,” including a detailed financial analysis, visit: www.acl.com/portfolio-items/forrester-total-economic-impact-study-on-the-acl-platform/