Self-service password reset (SSPR) is a technology or process through which a user who has forgotten their password or been locked out of their systems can authenticate themselves with their chosen alternate factor and reset their password without any assistance from the help desk.
Enterprise SSO is an authentication solution that allows end users to securely access multiple applications and websites using a single set of credentials. Enterprise SSO works as an intermediary between identity providers and service providers.
SSPR works using four simple steps. These steps provide a quick resolution to a user's woes and grant them access to their systems and applications without having to wait on the help desk. This is how SSPR works in an organization:
A study by Gartner revealed that 20-50% of all service desk calls are for performing password resets. Forrester Research found that the average help desk labor cost for a single password reset is $70 or more. We can easily use these two statistics to calculate approximately how much money your firm loses due to a lack of SSPR.
Let us assume your organization receives around 600 tickets a month. With that number, we can calculate that the number of IT help desk tickets you receive in a year is approximately 7,200.
According to Gartner, 20-50% of all service desk calls are for password resets. Taking the average value, let us say that 35% of the tickets your firm receives are password reset requests. That means the number of password reset requests your firm receives in a year is 35% of 7,200, which is 2,520.
Data from Forrester Research says that the average help desk labor cost for a single password reset is $70 or more. The annual cost your organization incurs due to a lack of SSPR equals the yearly number of password reset requests multiplied by the cost to resolve a single ticket, which is 2,520 тип $70 = $176,400.
The actual values for the number of tickets, the percentage of password reset tickets, and the cost of resolving a single password reset ticket may vary from organization to organization. What you see above is just an example used to demonstrate the high costs organizations incur due to a lack of SSPR.
Be mindful that this calculation does not cover the costs incurred due to the decrease in productivity caused by employees being unable to access applications and resources to get their work done.
This simple example illustrates how organizations can save hundreds of thousands of dollars every year by handing over the power of resetting passwords to their end users. The SSPR process is also much more secure than the manual, outdated process and it helps end users stay on top of their game at all times.
SSPR is an essential tool in today's corporate ecosystem, ensuring a secure way for users to reset their passwords in a few clicks without having to compromise on their productivity.