Case Study: Large Enterprise Pharmaceuticals Company achieves automated, faster third-party risk assessments—saving over 1 week per assessment with Prevalent

Large Enterprise Pharmaceuticals Company - Customer Case Study

Large Enterprise Pharmaceuticals Company faced lengthy, manual third‑party risk assessments and difficulty meeting regulatory reporting requirements (HIPAA, NIST 800‑53, PCI). To improve compliance, strengthen cybersecurity, reduce operational burden and gain risk‑based intelligence, they selected Prevalent’s third‑party risk management solution.

Prevalent automated survey collection, scheduling and chasing reminders, centralized evidence management, continuous monitoring and in‑solution supplier communications, enabling detailed reports and remediation tracking. As a result the Large Enterprise Pharmaceuticals Company cut assessment time from more than a month to 2–3 weeks, saved over one week per assessment on average, and gained highly differentiated capabilities for mapping to frameworks and visualizing vendor risk.