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

Medium Enterprise Financial Services Company - Customer Case Study

Medium Enterprise Financial Services Company engaged Prevalent to fix a fragmented, manual vendor risk program. The customer lacked baseline visibility into new vendors’ cyber, reputational and financial risks, relied on spreadsheets for assessments, and had no real‑time insight or way to measure vendor performance, so they adopted Prevalent’s vendor risk management solution.

Prevalent implemented its vendor risk assessment, scoring and continuous monitoring capabilities to provide real‑time cybersecurity, reputational and financial intelligence and streamline intake and onboarding. As a result, sourcing time fell from 4+ hours to 2–4 hours and onboarding from 1+ day to 2–4 hours; stakeholders “strongly agree” Prevalent delivers the visibility needed, reduced assessment time and complexity, and drove cost savings while making the team more effective.