Case Study: a financial services company streamlines vendor assessments with Whistic

Whistic Helps a Financial Services Company Eliminate Spreadsheets and Streamline Assessments

An app-based financial services company faced a challenge scaling its vendor security assessment process, which was managed by a single employee using cumbersome spreadsheets. Needing a more prescriptive, risk-based analysis and better tracking, the company turned to Whistic for its vendor management solution to gain scalability and a crucial open API for Jira integration.

By implementing Whistic, the company utilized its Vendor Intake Form and SIG Lite questionnaires to streamline the entire process. This eliminated back-and-forth communication, reduced assessment times from a week to just a few days, and cut the security assessment turnaround time by 40%. Whistic’s dashboard and automated reporting also provided deeper insights into vendor risk, eliminating manual work and spreadsheets.