Cost Saving and Business Benefits Enabled by a CEM Platform
The Everbridge CEM Platform Customer JourneyJustifying proactive expenditure on risk and Critical Event Management (CEM) activities has traditionally been a hard task for risk professionals. And it is not difficult to understand why, because in effect, what you are trying to do is convince your organisation to expend valuable resources on mitigating the impact of perceived future events that may or may not even occur. Hence, a hard task to quantify the benefits realised.
Report Snap Shot
Key Findings:
- Reduced losses from business interruption added nearly $2.7 (€2.3) million to the bottom
- Lowered costs from IT downtime saved $2.5 (€2.1) million
- Avoided property damage losses amounted to $2.0 (€1.7) million