Case Study: Global Payments Company achieves faster third-party risk assessments with Hyperproof

Global Payments Company cuts third-party risk assessment time by 99% with Hyperproof

A global financial enterprise with 75,000 employees faced significant bottlenecks in its third-party risk management process. Manual, time-consuming vendor assessments were taking up to six weeks each, creating limited visibility and requiring intensive resources. To address this, the company turned to Hyperproof's Third-Party Risk Management product to streamline operations and reduce manual work.

Hyperproof implemented its RiskAI solution to automate and scale the assessment process. This provided a unified, dynamic view of vendor risks and enabled the customer to launch over 150 parallel assessments. The results were transformative, achieving a 99% reduction in time spent on manual processes and saving over 1,000 hours. Assessments that once took several months were completed in under two weeks, revolutionizing their vendor oversight program.