Prevalent Large Enterprise Professional Services Company

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Prevalent Case Study

Large Enterprise Professional Services Company

Introduction

This case study of a large enterprise professional services company is based on a June 2021 survey of Prevalent customers by TechValidate, a 3rd-party research service. The profiled company asked to have their name blinded to protect their confidentiality.

“Makes our jobs easier.”

Challenges

Their primary vendor risk assessment pain points were:

Too much time spent scouring through disconnected sources of information to make good risk-based vendor selection decisions
Complex, manual assessment processes (e.g., using spreadsheets)

Estimated time spent on vendor intake and onboarding:

Before Prevalent: 1 week+
Since Prevalent: 1 day+

Use Case

Currently assessing their vendors for the following:

Cybersecurity
Data Privacy

Results

Prevalent’s level of importance on the following vendor lifecycle stages:

Important for intake and vendor onboarding
Important for scoring inherent risks: very Important
Very important for assessing vendors and remediating risks
Important in offboarding and termination of vendors

Agrees with Prevalent’s abilities and results:

Prevalent allows us to do our job more effectively
Prevalent’s vendor risk assessment process is invaluable to our group
Prevalent reduced the time and complexity required to perform vendor risk assessments
Prevalent provides the inherent risk visibility they need to focus on specific areas of their vendors’ risks
Prevalent provides the inherent risk visibility they need to focus on specific areas of their vendors’ risks

TechValidate Research on Prevalent

Large Enterprise Professional Services Company

Introduction

Challenges

Use Case

Results

Company Profile

About Prevalent

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