RALEIGH, N.C., April 6, 2011 (GLOBE NEWSWIRE) -- Today's challenging business environment has organizations scurrying to improve competitiveness and financial performance. G4S Compliance & Investigations (G4S), the global leader in investigation solutions, introduces a comprehensive solution to quantify investigation expenses for mitigating potentially fraudulent claims while capturing return on investment (ROI) and reporting on cost savings.
The G4S® Outcome Reporting™ platform includes an insurance-specific component, to help insurance companies, third party administrators and self-insured companies implement ROI measurements for calculating claims cost savings on investigation activity. The G4S® Outcome Reporting™ framework enables organizations to monitor and analyze data across a variety of metrics - an added business benefit. The solution helps provide executives and senior management with a greater understanding of the company's claims cost savings coupled with the ability to monitor performance-based outcomes on suspect claims referred for investigation.
"Fiscal responsibility is crucial in today's economy. Companies should be able to validate and verify that their investigation expenses are in fact producing a positive return on investment," stated Michael J. Malone, G4S Compliance & Investigations President. Organizations want to know claims investigations are making an impact. G4S® Outcome Reporting™ validates outcomes while quantifying ROI.
G4S® Outcome Reporting™ is a robust ROI technology solution designed to quantify claims savings while being a valuable resource to identify trends in claim reporting, giving the ability to understand and track which types of claims produce higher savings when investigated. The entire process is driven through an enhanced reporting suite allowing easy access and real-time information sharing across the organization.
About G4S Compliance & Investigations
G4S Compliance & Investigations is a global provider of enterprise investigation management solutions. Our value added solutions include: Insurance, Commercial and Government Risk Solutions. G4S offers a unique combination of best-in-class investigation experts, compliance and technology to provide users with customized investigation solutions uniquely tailored to meet their needs. For more information visit: www.g4s.us/investigations.
The G4S Compliance & Investigations logo is available at http://www.globenewswire.com/newsroom/prs/?pkgid=1500
About G4S plc
G4S is the world's leading security solutions group, which specialises in outsourcing of business processes in sectors where security and safety risks are considered a strategic threat.
G4S is the largest employer quoted on the London Stock Exchange and has an additional stock exchange listing in Copenhagen.
G4S has operations in more than 120 countries and more than 625,000 employees. For more information on G4S, visit www.g4s.com