Case Study: Australia’s Largest Superannuation Fund Managers cut third-party risk assessment time in half with UpGuard

Australia’s Largest Superannuation Fund Managers cuts security assessment time from 10–12 weeks to under 6 with UpGuard

a major australian superannuation fund manager with over $150 billion in funds under management faced a cumbersome and resource-intensive process for third-party risk assessments. their manual internal process, which involved sending questionnaires via email and managing follow-ups, took 10-12 weeks per vendor and placed significant strain on their small information security team. to address this challenge, they utilized UpGuard's managed services for third-party risk.

By implementing UpGuard's managed service, the customer outsourced the entire risk assessment process, including vendor outreach and questionnaire analysis. This solution cut the time required to complete security assessments in half, reducing it from 10-12 weeks down to 5-6 weeks. UpGuard's service provided efficient follow-up with vendors and delivered comprehensive report summaries, which allowed the customer's team to focus solely on final verification.