The Veracode Customer Advantage: 184% ROI Realized

Are you getting the results you want from your application security (AppSec) program? Discovering the return on investment (ROI) is a great start, but how should you go about calculating that? That’s where our recently commissioned Total Economic Impact™ (TEI) study conducted by Forrester Consulting comes in. We’re thrilled and deeply grateful to share these customer stories with you. Here are the key benefits realized by organizations leveraging the Veracode Application Risk Management Platform.

Unveiling the ROI: A Significant 184% 

The Forrester Consulting TEI study shows an ROI of 184%, a net present value (NPV) of $4.60 million, and a payback period of less than six months, for a composite organization. Our customers were kind enough to speak on our behalf to help this study in identifying the composite organization. Let’s look at what they said about their programs before and after Veracode and then dive into specific cost savings and business benefits. 

The Journey: Before and After Veracode 

Our customers arrive with a variety of maturity levels. An Application Security Engineer in the Mining space said that, “[Prior to the Veracode Platform], there wasn’t even a list of applications, let alone a portfolio manager or anything sophisticated like that. There was a leftover spreadsheet from years ago … but it was really unusable." 

While a CISO in the Healthcare Technology space said that, “[Before] I had a fantastic application security team. They were, and are, doing a great job, but it was all manual reviews, so it did not scale. The Veracode Platform allowed us to scale it up and make a much better use of their time.” 

Speaking of scale, automation is a topic that came up frequently. A Director of Risk and Security in the Software space said that, “When we implemented automation in 2018, we [were doing] 4,000 scans, and today we do 24,000 to 25,000 scans a year, and it’s [all due to] automation.” 

And what’s all the automation for? Saving time, reducing risk, and getting to hear value realized like this Head of Global Engineering Tools in the Professional Services space did: “Today, I’m very happy to say that we have no very high or high vulnerabilities for all 113 applications.” 

Cost Savings: A Closer Look 

The financial analysis conducted by Forrester Consulting identified several key areas where the Veracode Platform drove cost savings: 

• 75% Reduced Cost of Material Breaches: By mitigating the risk of software-based attacks, organizations can avoid the hefty costs associated with data breaches. The study estimates a three-year, risk-adjusted total present value (PV) of $1.5 million in savings from reduced breach costs. 

• 80% Developer Productivity Recaptured: The Veracode Platform enhances developer productivity by providing better visibility into security issues early in the development process. This improvement translates to 70,000 developer hours reallocated to innovative product development, resulting in productivity gains valued at $3.4 million over three years. 

• 85% AppSec Gained From Automation: Automation of manual AppSec workflows significantly reduces the time and effort required for security testing. The study reports an 85% reduction in manual workflows, leading to $1.3 million in cost savings from improved AppSec productivity. 

Business Benefits: Beyond Cost Savings 

The Veracode Platform not only drove cost savings, but also delivered substantial business benefits that contributed to overall organizational growth: 

• 20% Revenue Growth: The platform's ability to enhance security and accelerate development processes enables organizations to bring new products to market faster. This agility results in a three-year, risk-adjusted total PV of $937,785 in improved revenue. Read our CISO’s take on strategic security for revenue growth. 

• Enhanced Security Posture: By embedding security into the software development lifecycle, organizations can achieve higher security standards, opening up new market opportunities. For instance, the platform's capabilities helped one organization meet stringent public sector guidelines, unlocking a significant revenue stream. 

• Augmented Reporting Capabilities: The Veracode Platform's built-in reporting tools provide clear and actionable insights into security risks. This capability not only aids in compliance but also helps organizations win and retain business by demonstrating a mature security posture. 

Conclusion 

The study highlights the substantial financial impact of the Veracode Application Risk Management Platform. With a significant 184% ROI, significant cost savings, and numerous business benefits, we believe the platform stands out as a vital investment for organizations aiming to enhance their security posture and drive growth. By leveraging Veracode, organizations can achieve a secure, agile, and innovative development environment that propels them toward success in today's competitive landscape. Download your copy now. 

And finally, thanks again to our customers for taking the time to participate in the study. We hope participation strengthened the relationship between security and development teams to optimize program success. We couldn’t do this without your collaboration!