Objective
To transition from assumption-based trust to an evidence-based vendor risk management program that ensures visibility over data and compliance.
Solution
Implementation of Advanta Advisory’s independent VRAs to translate technical findings into actionable insights for leadership.
Outcome
PVW Partners gained documented vendor risk visibility, stronger governance, and a more defensible position with clients, regulators and insurers.
The Challenge
As PVW Partners relied more heavily on third-party technology, the firm needed clearer visibility over how vendors managed data security, privacy, business continuity and control effectiveness. Vendor relationships built on trust, reputation and sales assurances were no longer enough, so PVW Partners sought independent expertise to identify hidden risks and support evidence-based vendor decisions.
Create a Consistent Vendor Risk Program
Improve Visibility Over Data and Privacy Risk
Validate Vendor Claims with Evidence
Support Leadership Decision-Making
The Solution: Independent Vendor Risk Assessment
Advanta Advisory delivered a structured, independent Vendor Risk Assessment across PVW Partners’ selected vendors.
The assessment reviewed each vendor’s security controls, privacy and data handling practices, business continuity and resilience measures, and the evidence behind vendor claims.
Rather than leaving leadership with technical findings alone, Advanta Advisory translated the results into plain language and presented them as decision-ready insights. This made it easier for PVW Partners’ leadership team to understand each vendor’s risk posture, identify where additional safeguards may be needed, and make more informed decisions with confidence.
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Engaging Advanta Advisory removed uncertainty from vendor decisions and helped us move from assumption-based trust to evidence-based decision-making when it comes to vendor risk.
FIONA MCGILL
COO, PWC PARTNERS
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