Case Study: Global 500 Pharmaceuticals Company reduces vendor assessment time by over a week and strengthens third-party cybersecurity with Prevalent

Global 500 Pharmaceuticals Company - Customer Case Study

Global 500 Pharmaceuticals Company faced mounting third‑party cyber and compliance risks, an inconsistent vendor risk methodology, and a heavy operational burden from time‑consuming assessments and difficulty sharing evidence. To meet regulatory requirements and strengthen cybersecurity, they selected Prevalent’s third‑party risk management solution.

Prevalent deployed its Platform to centralize evidence, automate assessments, scheduling and chasing reminders, maintain an automated risk and compliance register, and enable in‑solution supplier communication and relationship visualization. As a result, the company cut assessment time from more than a month to 1–2 weeks—saving over one week per assessment—reported highly differentiated capabilities across surveys, reporting and controls, and planned to grow vendor assessments by 11–25%.