Value

 

We won't presume to tell you how you should perceive the value of biometrics but the following are some things to consider. 

 

ePortID, using palm vein scanning, automates identity verification, bringing value to virtually every industry. Faster, more accurate identification frees up employees to do value-added work, significantly reducing costs and quickly becoming a net revenue contributor. 

 

We see the value of biometrics comprising two elements; Return On Investment and Peace Of Mind

Return On Investment means any technology you purchase should clearly demonstrate a financial value. Reduce cost, improve efficiency and accountability, streamline processes and make them faster and more accurate . This is technology that rapidly pays for itself and becomes a net revenue contributor. 

 

Peace Of Mind is knowing you have the ability to quickly and easily identify a person and confirm their permissions to undertake a particular action, receive particular service or access specific data. Prevent errors and mistakes that can have life threatening implications and/or major financial costs. 

  •  Healthcare: Hospitals, Medical Clinics, General Practitioners, Telemedicine

 

The first priority is the safety of the patient. The value of knowing exactly who the patient is and retrieving the correct records prevents procedural errors, medication mistakes and other human error mistakes is the are the bane of busy hospitals

  • Aside from the safety aspect there are real costs to correcting overlaps and overlays. 

  • There are major financial risks from misidentification. The total national healthcare cost of preventable medical errors resulting in patient injury is between $8.5 billion and $14.5 billion. 

  • ePortID™ solutions mitigates these risks and rapidly provides significant return on investment 

    •  Medicare fraud in fiscal year 2011 was anywhere from $17-57 billion. A palm vein scan can't be faked.

    • Using standard methods it takes a minimum of 3 minutes to confirm a patients identity at registration. We do it in 2 seconds. That's a 9,000% increase in efficiency

    • Process flow is materially improved allowing increased patient throughput resulting in an increase in revenue.

  • Small, Medium and Large BusinessIndustry, Factories, Processing Plants, Warehouses, Stores, Offices

Workforce Management & Time & Attendance:  According to the American Payroll Association the average employee steals 4 hours 5 minutes per week.    

       

Lets assume they are half right and it's 2 hours. Then an organization employing 55 people is losing 5,720 hours per year in productivity.  

                                                                                                                     

An hourly salary of $18 costs employers $28.80. For 55 employees that's lost revenue of ($164,736) per year. More employees? The loss increases exponentially. 

 

  • Added to time theft is the cost of manually calculating payroll. For an employee base of 55 payroll processing can be an additional cost of $56,498 per year.

    • Use the payroll processing calculator to work out your cost

 

Combined, the cost of time theft and payroll processing for a company of 55 equals a total annual revenue loss of  ($221,234)

 

  • There is also the issue of security. Protect your people and assets from harm and theft from unauthorized people wandering in from outside

    • Control access to areas where valuable equipment and tools are stored

    • Prevent a terminated employee from gaining access to your premises and causing trouble

    • Control employee theft. 60% of inventory loss is caused by employee theft

  • The ePortID™ solutions eliminate these cost factors, increase accountability and provide a rapid return on investment.

  • Critical Infrastructure: Oil Refineries, Chemical Plants​, Seaports, Airports, 

 

Security: An attack on critical infrastructure is not an if, it's a when and is just a matter of time.

 

Critical infrastructure can only benefit from easy to use, accurate, fast and mobile biometric identity solutions.

  • Physical access control using biometrics prevents the wrong person from entering even if they wear the right uniform

  • The ability to random challenge to ensure the right person is in the right place is crucial to good security

  • Providing real time alerts if there is an issue means response times are reduced

  • The financial risks of plant shutdown are mitigated

  • The pollution risks from unauthorized activity that pose a threat to local populations and the environment are reduced

    • Using ePortID™ solutions as an element in the security profile helps mitigate these risks

      • An added benefit is that reporting of activity in real-time and accurate data being provided to HR systems reduces expense.

  • EducationDay-Care, Middle and High Schools, Universities

 

All educational facilities from day care centers to Universities can benefit from easy to use positive identity solutions

  • Control access to areas children work and play

  • Prevent the wrong person from picking up a child

    • Custody of a child is often court mandated and handing a child over to the wrong party leads to legal issues

  • The cost of ID cards and FOBS is expensive and time consuming to administer

  • Security is an issue and managing access is a key component of safety at educational institutions

  • Reduce the cost of managing time and attendance of student, staff and visitors

  • Increase compliance for local, state and federal requirements

  • Real time reporting helps manage the daily work schedule

We think there are some very compelling reasons to use the ePortID™ suite of identity verification solutions.

 

Call or e-mail us to discuss your needs and requirements. 

Contact Us

for more information about our Software or Solutions,

or if you would like pricing information.

Call Us
215-627-2651

We're happy to answer any questions you may have.

401 South 2'nd Street

Suite 305

Philadelphia, PA 19147

Made In America

​© 2020 by ePortID

  • w-facebook
  • Twitter Clean