Case Study: Utmost Limited achieves streamlined vendor risk assessments and faster onboarding with Prevalent

Utmost - Customer Case Study

Utmost Limited, a medium-sized insurance firm, faced slow, manual vendor risk assessments and onboarding driven by disconnected data sources and spreadsheet-based processes. To address these challenges they turned to Prevalent’s vendor risk management capabilities for consolidated, real-time cybersecurity, reputational and financial intelligence across assessments such as business resilience, cybersecurity, financial & credit, modern slavery and reputation.

Prevalent implemented a centralized vendor risk assessment and monitoring platform that streamlined sourcing, intake/onboarding, risk scoring, remediation and offboarding across the vendor lifecycle. As a result, Utmost reports that Prevalent delivered the inherent risk visibility they needed, reduced the time and complexity of assessments, enabled continuous monitoring and programmatic offboarding to reduce risk, and produced major cost savings while making the team more effective.

Utmost