The Total Economic Impact™ of Thomson Reuters ID Risk Analytics (IDRA)
Unemployment insurance divisions within government agencies need to address risk associated with potential fraudulent claims due to:
- Substantial increase in fraud claims
- Limited processes for risk management
- Overextended resources
Thomson Reuters commissioned Forrester Consulting to conduct a Total Economic Impact™ (TEI) study and examine the potential financial impact of deploying Thomson Reuters ID Risk Analytics (IDRA).
To better understand the benefits, costs, and risks associated with this investment, Forrester interviewed the representative of an organization who has experience using IDRA and used this experience to project a three-year financial analysis.
Key findings include:
- Decrease in dollars lost to fraudulent claims
- Productivity improvement for fraud investigators