Case Study: a financial services firm reduces supplier risk and cuts onboarding time with apexanalytix

a financial services firm cuts supplier onboarding from 45 days to 4 with apexanalytix

A financial services firm with hundreds of billions in assets under management faced a slow and manual supplier onboarding process that took 45 days, frustrating vendors and creating unsustainable work. Their reputation required robust risk mitigation, but their lengthy 600-question survey was hindering efficiency. To address this, they partnered with apexanalytix to implement an automated supplier risk management solution.

apexanalytix deployed a solution that provided automated risk scoring and continuous monitoring by leveraging over 280 data sources. This replaced the manual survey with automated data collection, dramatically cutting the onboarding time from 45 days to just 4 days. The results included the continuous monitoring of over 6,000 vendors and a more complete risk analysis, all while improving vendor relationships.