Continuous Monitoring Journey of a Fortune 500 Financial Leader

This case study details the continuous monitoring journey of a Fortune 500 financial services company in the US. The company faced challenges in vulnerability management, ESG tracking, and risk complexity, prompting the need for a solution. They selected Supply Wisdom for its real-time alerting and continuous monitoring capabilities, which provided holistic risk information coverage across various domains. The implementation of this tool led to improved risk management by continuously monitoring 45 critical third-parties across over 160 risk metrics. This approach enhanced risk visibility and allowed the company to adapt swiftly to changes in scope. Additionally, the tool supported compliance with SOC2 control standards, providing valuable reports for audits. The company also realized significant cost savings by eliminating the need for multiple tools and full-time equivalents (FTEs) for monitoring third-party risks. Overall, the case study illustrates the effectiveness of Supply Wisdom’s tool in improving risk management and achieving a substantial return on investment.