Case Study: Riskonnect Reduces Vendor Assessment Time by 33% with FortifyData

FortifyData Helps Riskonnect Reduce the Time to Assess and Onboard New Vendors by Over 33%

Riskonnect, a leading software provider for enterprise risk management, faced a significant challenge in its third-party vendor assessment process. Their spreadsheet and email-based system was slow, taking approximately three weeks to complete the review and onboard each new vendor, which created a bottleneck for their high volume of assessments. To address this, they turned to the Third-Party Cyber Risk Management capabilities within FortifyData's Integrated Cyber Risk Management platform.

By implementing FortifyData, Riskonnect automated its vendor reviews with active scanning and digital questionnaires, eliminating manual back-and-forth. The solution reduced the vendor onboarding time from three weeks down to two weeks, representing a 33% time savings, with some assessments completed in as little as seven days. FortifyData also provided continuous monitoring and customizable risk scoring, allowing Riskonnect to efficiently filter vendors and continuously ensure their security posture aligns with company standards.

Riskonnect

John Casazza

Chief Information Security Officer