Page does not exist at path /content/ping/en/company/blog/authors/sandi-green
At Ping Identity, we're always talking about the benefits of identity management and single sign-on (SSO). While the technical part of these is important, it's not always easy to understand. So, we thought we'd change things up a bit and discuss the benefits of SSO and identity management in a language everyone speaks - money!
We commissioned Forrester Research to analyze the total economic impact (TEI) of our solutions for six of our customers. Forrester then developed a composite company to illustrate the overall time and savings realized by using our single platform to manage identity and enable SSO to apps. The resulting composite was a Forbes Global 2000 company with a 400K functional user base.
So, what did the TEI case study reveal? Identity management is a money maker. Here are some highlights of reported revenue and savings:
$45M (yes, the 'M' stands for 'million'!) in revenue from reduced app dropout rates
$21M in incremental revenue following merger and acquisition activity
$12M in incremental revenue from white-label applications
$16M directly saved from eliminating multiple usernames and passwords with SSO
Those numbers certainly talk and are just the beginning! Imagine another 11 million-plus (plus!) saved with reduced IT labor costs alone and the picture widens, but there's even more savings we haven't shared here.
Granted, these numbers reflect what your company could save. Day dream with us for a moment: imagine if this was your money. How would you spend all that money you'd save with our identity management platform? Check out the possibilities in our fun infographic.