The challenge
PUMA needed a standardized framework to assess the risks associated with its vendors, with three clear goals:
- Identify each vendor's IT risks.
- Establish a consistent, repeatable process.
- Reduce the time and resources spent on vendor management.
The solution
PUMA implemented OneTrust Vendor Risk Management with a "Vendor Check" process that incorporates:
- Standardized risk assessment and monitoring.
- Collaboration capabilities across teams.
- Integrated vendor tracking for continuous oversight.
Results
250
vendors assessed after the 2023 launch
17 days
average assessment turnaround (80% faster)
80%
reduction in total risk-management duration
Using the OneTrust platform, our teams were able to build a clear framework to assess and monitor vendor risks.