Scherzer International Third-Party Risk Management Case Study

This case study documents Scherzer International's implementation of a third-party risk management (TPRM) solution through the Prevalent platform. Scherzer International, a provider of background screening and due diligence reports, sought ISO 27001 certification to enhance compliance and facilitate business with large enterprise clients. The study outlines the challenges faced by Scherzer in managing vendor risk across a diverse ecosystem, which includes both large corporations and small vendors. Scherzer selected Prevalent to streamline their vendor risk assessment process, enabling them to efficiently monitor and assess operational risks. The platform's user-friendly design allowed for effective communication with vendors, ensuring that assessments were completed accurately. The case study highlights the benefits of using Prevalent, including improved compliance, enhanced vendor relationships, and increased operational efficiency. Overall, the collaboration with Prevalent has empowered Scherzer to manage third-party risks effectively while maintaining strong ties with critical small vendors.