Case Study: Largest Financial Services Company achieves 100% compliance visibility and 20% efficiency gain with Onspring

Largest Financial Services Company - Customer Case Study

Largest Financial Services Company, a global money-transfer enterprise, was struggling with a highly manual, fragmented enterprise risk program—managing SOX, SOC1 and PCI controls, 750 SOX data requests, 180 vendor risk assessments, seven management tools and five separate data stores made real-time visibility and timely reporting impossible. The team of six needed to consolidate disparate tools and automate workflows to reduce effort and lower risk exposure.

Onspring implemented its Governance, Risk & Compliance Suite to centralize records, automate vendor surveys and workflows, auto-generate findings, and deliver dynamic real-time dashboards and drill-down reporting. As a result of Onspring’s solution the company gained 100% visibility of compliance and third‑party risk, achieved a 20% increase in employee efficiencies, eliminated chaotic file‑share subfolders, and now has centralized controls, evidence and automated workflows for ongoing risk management.