Case Study: Crown Equipment Corporation achieves streamlined vendor risk assessments and faster onboarding with Prevalent

Crown Equipment Corporation - Customer Case Study

Crown Equipment Corporation, a large industrial manufacturing company, faced time-consuming, manual vendor onboarding and assessment processes, limited baseline visibility into new vendors’ cybersecurity risks, and reliance on spreadsheets. They engaged Prevalent’s vendor risk management platform to streamline vendor assessments and provide continuous monitoring and intelligence.

Prevalent implemented its platform and programmatic processes across Crown’s vendor lifecycle—sourcing, onboarding, risk scoring, assessment, remediation, continuous monitoring, performance management, and offboarding—reducing the time and complexity of assessments and delivering major cost savings. Crown reports that Prevalent became essential to multiple lifecycle stages, improved inherent risk visibility to focus remediation, and provided real-time cybersecurity, reputational, and financial intelligence.

Crown Equipment Corporation