Case Study: Global 500 Retail Company achieves faster vendor assessments — saves 1 week per assessment with Prevalent

Global 500 Retail Company - Customer Case Study

Global 500 Retail Company faced an operationally heavy and inconsistent third‑party risk assessment program — lacking automation for vendor surveys, continuous monitoring, evidence sharing, and a unified methodology — and selected Prevalent’s third‑party risk management solution to address those issues.

Prevalent implemented its platform to automate onboarding and survey collection, centralize document/evidence management, enable in‑solution supplier communication, and create tasks/risks in a risk register with entity relationship visualization. As a result, the company reduced assessment time from 1–2 weeks to less than 1 week (saving about one week per assessment on average), achieved differentiated capabilities versus competitors, and positioned itself to increase the number of vendors assessed by 11–25%.