Case Study: CAPTRUST achieves mature third-party risk management with Panorays

CAPTRUST improves third-party risk management with Panorays and continuous live alerts

CAPTRUST, a financial services firm entrusted with highly confidential client data, faced the challenge of maturing its manual third-party risk management program to meet increasing regulatory demands from the SEC. The company needed to document vendor compliance, reduce the burden of its supplier due diligence process, and gain a more holistic view of vendor risk, prompting them to seek a solution from the vendor Panorays and its automated third-party security risk management platform.

By implementing Panorays, CAPTRUST automated its supplier due diligence, which relieved the tedium of manual processes and enabled continuous monitoring with live alerts. The solution provided by Panorays fostered improved collaboration with vendors, leading to more informed decision-making and a shared accountability for risk reduction. As a result, CAPTRUST successfully upgraded its risk management program, achieving greater maturity and enhanced communication with its third parties.

CAPTRUST