Beachbody Third-Party Risk Management Case Study

This case study details Beachbody's implementation of the Prevalent Third-Party Risk Management (TPRM) Platform to enhance their vendor assessment processes. Beachbody, a health and wellness company, faced challenges with their manual vendor assessment procedures, which were time-consuming and limited in scalability. The security team, led by Sam Cortez, previously utilized SmartSheet and a customized version of the Shared Assessments Standard Information Gathering questionnaire to evaluate vendors. The introduction of the Prevalent platform streamlined their contract reviews and allowed for a more scalable TPRM program. The platform integrates various risk management tools, enabling the team to efficiently monitor vendor risks and maintain comprehensive documentation for historical reporting. This transition has significantly reduced the time spent on vendor assessments and improved the overall effectiveness of their TPRM program. The case study concludes with insights into how the platform supports Beachbody's ongoing vendor management and compliance efforts.