The Total Economic Impact Study examines IA benefits on five
SS&C Blue Prism customers and 166 global respondents
WINDSOR,
Conn., April 16, 2024 /PRNewswire/ -- SS&C
Technologies Holdings, Inc. (Nasdaq: SSNC) today announced the
findings of The Total Economic Impact™ (TEI) of SS&C Blue
Prism1, a 2024 study conducted by Forrester Consulting.
SS&C Blue Prism commissioned the study to examine the potential
Total Economic Impact™ enterprises may realize by deploying an
Intelligent Automation Platform, and evaluate the full potential
financial impact of adopting SS&C Blue Prism Intelligent
Automation. The study found a composite
organization representative of interviewed customers using
SS&C Blue Prism technologies saw a return on investment
figure of 330% over three years, representing a net present value
of $53.4 million.
"[O]ver the last five years, IA has moved from addressing mainly
operational challenges to more strategic challenges," stated the
TEI study. "IA is also increasingly driven by management and
leadership, rather than the IT or technology department and, while
today automation management is coordinated across the organization,
it used to be siloed."
The study reveals an overall revenue growth of 5.4% CAGR for the
composite customer, an 8% increase in productivity, and 7.3%
increased employee retention, along with a payback time of
less than six months.2
"The Forrester study's findings confirm SS&C Blue Prism's
intelligent automation's ability to drive business growth, enhance
productivity, and improve employee retention," said Bill Stone, Chairman and CEO of SS&C Blue
Prism. "SS&C Blue Prism's end-to-end automation and
orchestration enable customers to drive value and efficiently
achieve transformative results."
Among 166 respondents Forrester surveyed, 60% revealed
speed, productivity, accuracy and auditability improvements as a
top benefit, while 65% had extended value across more end-to-end
processes from a combined automation and orchestration
solution.
Key quantified benefits over three years for the composite
customer include:
- Business growth worth $50.3
million
- $12.7 million in improved
productivity
- $2.4 million compliance cost
avoidance
- $4.2 million in improved employee
experience and retention
More than 2,800 customers worldwide run their operations
on SS&C Blue Prism, digitizing operations across financial
services, insurance, health and pharma, banking, and more. Download
the study today.
Notes
1 Total Economic Impact is a methodology developed by
Forrester Research that enhances a company's technology
decision-making processes and assists vendors in communicating the
value proposition of their products and services to clients. The
TEI methodology helps companies demonstrate, justify, and realize
the tangible value of IT initiatives to both senior management and
other key business stakeholders.
2 By investing in intelligent automation the study found
a received revenue growth of 73% of overall NPV
benefit and 5.4% compound annual growth rate (CAGR) over
the previous three years for a composite customer.
About SS&C Technologies
SS&C is a global provider of services and software for the
financial services and healthcare industries. Founded in 1986,
SS&C is headquartered in Windsor,
Connecticut, and has offices around the world. Some 20,000
financial services and healthcare organizations, from the world's
largest companies to small and mid-market firms, rely on SS&C
for expertise, scale and technology.
Additional information about SS&C (Nasdaq: SSNC) is
available at www.ssctech.com.
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SOURCE SS&C