Case Study: Fortune 500 Financial Services firm achieves centralized, automated vendor risk management with Brinqa

A Global Fortune 500 Financial Institution Efficient Vendor Risk Management

Fortune 500 Financial Services faced fragmented, manual vendor risk processes across roughly 1,500 third‑party vendors that made policy enforcement, onboarding, auditing and root‑cause analysis laborious and costly. To gain a holistic, auditable and vendor‑accessible program, the customer engaged Brinqa and deployed Brinqa’s Vendor Risk Manager.

Brinqa implemented a centralized, cloud‑hosted vendor risk solution with automated assessments, integrations to third‑party data sources, configurable onboarding workflows, role‑based vendor access and a quantitative risk engine that scores risk at the service/contract level. The result was increased efficiency and transparency, lower operating costs, faster vendor onboarding and granular, executive‑level reporting — enabling the organization to manage its ~1,500 vendors with better root‑cause analysis and near‑real‑time risk visibility.