Case Study: Large Enterprise Professional Services Company achieves faster, more efficient vendor risk assessments with Prevalent

Large Enterprise Professional Services Company - Customer Case Study

Large Enterprise Professional Services Company faced a time‑consuming third‑party risk process, spending 4–5 hours per vendor and waiting over 20 days for completed assessments, which limited them to 21–50 assessments per year. To address this, they engaged Prevalent and used Prevalent’s managed collection and analysis services.

Prevalent implemented its managed collection and analysis capabilities (including Vendor Onboarding, Vendor Assessment & Evidence Collection, and Program & Actionable Reporting), cutting assessment effort to 1 hour or less per vendor, reducing turnaround to 11–20 days, and enabling the company to complete 50+ assessments per year. As a result, the company reallocated resources from validation to risk mitigation and expects to grow vendor assessments by 11–25%.