Case Study: Medium Enterprise Financial Services Company achieves rapid vendor onboarding and real-time risk visibility with Prevalent

Medium Enterprise Financial Services Company - Customer Case Study

Medium Enterprise Financial Services Company struggled with slow, manual vendor risk assessments—spending a week or more on vendor sourcing, intake and onboarding, relying on spreadsheets and lacking baseline visibility or real‑time insight into cyber, reputational and financial risks. They turned to Prevalent and its vendor risk management/continuous monitoring solution to address these gaps.

Prevalent implemented its vendor risk management platform to support sourcing and selection, intake/onboarding, inherent risk scoring and continuous monitoring across cybersecurity, data privacy, financial and reputational domains. As a result, onboarding and intake times fell from “1 week+” to about “1 day+,” time and complexity were significantly reduced, the company realized major cost savings, and Prevalent provided real‑time intelligence and inherent risk visibility that let the team focus on remediation and ongoing vendor performance.