Case Study: Crowe achieves faster, real-time third-party risk monitoring with Supply Wisdom

Crowe reduces assessment turnaround to under 10 days with Supply Wisdom

The customer, Crowe, faced pressure to expand the risk domains for its third-party risk management program but lacked the necessary information, procedures, and expertise to do so independently. To address this challenge, Crowe partnered with the vendor Supply Wisdom to leverage its real-time, cross-domain monitoring technology and services.

Supply Wisdom implemented its continuous monitoring platform to provide visibility into ESG, Compliance, Financial Health, and Location-based risk. This solution, combined with Crowe's expert guidance, enabled the assessment of critical vendors four times more frequently without increasing workload. The typical assessment turnaround time was drastically reduced from 60 days to under 10 days, greatly improving productivity and providing enhanced visibility to stakeholders through real-time alerting and dashboards.

Crowe