Prevalent

Manage Risk Across the Entire
Third-Party Lifecycle

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Prevalent

Securing the Extended Enterprise

Prevalent takes the pain out of third-party risk management (TPRM) by providing companies with the software and services required to eliminate security and compliance exposures that come from working with vendors and suppliers throughout the third-party lifecycle.

Customers benefit from a flexible, hybrid approach to TPRM, where they not only gain solutions tailored to their needs but also realize a rapid return on investment. Regardless of where they start, Prevalent helps customers stop the pain, make informed decisions, and adapt and mature their TPRM programs over time.

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Prevalent Ecosystem

IT Vendor Risk Software

Supplier Risk Software

Third-Party Risk Software

Vendor Risk Monitoring

Vendor Risk Assessment

Rfx Essentials

Contract Essentials

Prevalent TPRM Platform

Key features

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Vendor Risk Monitoring

AI-Enabled Intelligence Platform
Unified Risk Register
Vendor Risk Scaling
Rule Automation
Centralized Risk Management
Advanced Event Filtering
Email Summaries
Reporting & Analytics with Machine Learning

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Rfx Essentials

Centralized Intake
Risk Profiling Snapshot
Template & Questionnaire Library
Scheduling & Workflow
Central Platform for Answers & Evidence
Tracking & Management
Risk-Based Scoring & Grading
Notes & Comments
Comparative Reporting for Selection
Contracts & Due Diligence Integration

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Prevalent TPRM Platform

A Proven TPRM Maturity Process
Automated Assessments
Continuous Threat Monitoring
Shared Vendor Networks
Prioritized Remediation
Stakeholder-Specific Reporting
Connector Marketplace
Contract Lifecycle Management
RFx Management

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Vendor Risk Assessment

Vendor Assessment Library
Vendor Risk Ratings & Compliance Registers
Unified Risk Register for Assessment & Monitoring
Automated Actions with Playbooks
Vendor Risk Remediation Workflow
Reporting & Analytics with Machine Learning
Compliance-Specific Reporting
Data & Relationship Mapping
Document & Evidence Management
Vendor & Entity Management
Connector Marketplace

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Contract Essentials

Contract Onboarding
Key Attribute Tracking
Contract Lifecycle Workflow
Task Management
Discussion Tracking
Document Management
Version Control
Permissions Management

Key Benefits

Intake & Onboarding

With the Prevalent Third-Party Risk Management Platform, procurement, security and risk management teams have a single source of supplier risk profiles, intake processes, and onboarding and offboarding workflows. The result is centralized vendor management and reduced third-party risk.

Sourcing & Selection

Prevalent helps procurement teams reduce cost, complexity and risk exposure when sourcing and selecting vendors. RFx Essentials centralizes the distribution, comparison and management of RFPs and RFIs, adding demographic, 4th-party, ESG, business, reputational and financial intelligence to improve risk visibility and automation.

Inherent Risk Scoring

Prevalent builds comprehensive vendor risk profiles that include inherent risk scores to indicate the likelihood and potential impact of security and compliance risks. Our workflow-driven assessment process clearly scores and categorizes vendors, delivering prescriptive guidance on the activities and level of due diligence required for each of your third parties.

Risk Assessment & Monitoring

Prevalent streamlines third-party risk management by evaluating vendors against security, compliance, performance, contractual, business continuity, financial, reputational, ethics, and diversity requirements.

Additionally, assessment results are validated and reveal emerging threats with continuous cybersecurity, business, and financial insights for 360-degree risk identification and mitigation.

SLA & Performance Management

With the Prevalent Third-Party Risk Management Platform, procurement, security and risk management teams have a single source of supplier risk profiles, intake processes, and onboarding and offboarding workflows. The result is centralized vendor management and reduced third-party risk.

Use Case

Third-Party Risk Management

Unify vendor and supplier risk management and compliance throughout the 3rd-party lifecycle.

With cyber-attacks increasingly traced to third parties, privacy concerns driving new regulations, and disruptions impacting global supply chains, it’s critical to ensure that your vendors and suppliers have the controls and processes in place to protect your organization.

However, manually collecting, maintaining and analyzing data across an ever-expanding risk landscape is inefficient, error-prone and costly.

Prevalent simplifies and speeds risk reduction and compliance with our unified, automated Third-Party Risk Management (TPRM) platform. The Prevalent TPRM platform is a SaaS solution that combines automated, standardized risk assessment with continuous risk monitoring, assessment workflow, and remediation management across the entire third-party lifecycle.

The platform is complemented by vendor intelligence networks offering on-demand access to complete, standardized risk reports on thousands of companies. Our solutions are backed by expert professional services and managed services to help you optimize and mature your TPRM program.

IT Vendor Risk Management

Identify, assess, analyse, remediate, and continuously monitor vendor information security, operational, and data privacy risks

Major network, data and privacy breaches are traced to IT solution vendors and service providers on an almost daily basis. However, many organizations still rely on manual, spreadsheet-based methods for their IT vendor risk assessment and compliance initiatives. This leaves critical gaps in risk visibility, complicates reporting, and increases costs.

The Prevalent Third-Party Risk Management Platform enables organizations to stay ahead of information security and cybersecurity risks. Our customers centralize and automate IT vendor risk assessment, continuous monitoring, analysis and remediation – while efficiently mapping the results to common IT security control frameworks and compliance requirements.

Backed by expert managed services and a vendor intelligence network, the Prevalent platform delivers the automation, visibility, and scale required to effectively reduce risk and meet compliance requirements at every stage of the IT vendor lifecycle.

Supplier Risk Management

Assess, analyse, track and continuously monitor risks across the supplier lifecycle

A supplier’s ability to fulfill orders and deliver services can be disrupted by everything from cybersecurity failures and regulatory violations to geopolitical events and health crises. However, many organizations attempt to manage supplier risks using a complicated web of disparate tools. This approach leaves blind spots in risk visibility, slows onboarding, and complicates ongoing supplier risk management (SRM) activities.

The Prevalent Third-Party Risk Management Platform enables procurement, IT and supplier management teams to streamline risk assessments and continuously monitor for new risks at every stage of the supplier relationship. The solution centralizes, correlates and analyzes supplier data on several topics, including:

Cybersecurity
Financial and reputational health
Corporate social responsibility, like a supplier’s environmental, social and governance (ESG) findings or modern slavery statements
Performance and SLAs
Compliance with regulatory requirements such as anti-bribery and corruption (ABAC) regulations
Presence on government watch lists such as OFAC

As a result, your organization benefits from accelerated supplier onboarding, increased efficiency, and a more secure supply chain.

Compliance

Meet third-party compliance mandates and regulatory guidelines with speed, efficiency and scale

In light of growing threats, many regulations and frameworks now require organizations to assess and monitor suppliers and service providers for potential risks.

As businesses continue to diversify and globalize, organizations looking to focus squarely on core business functions are turning to third parties to fulfill specialized services, such as web hosting, payments processing and cloud services.

In the face of growing cyber threats in this extended ecosystem, many organizations are now required to develop effective third-party risk management programs to meet regulatory compliance and deepen IT security controls.

Only Prevalent enables you to meet compliance mandates for both assessing and monitoring the risk of your organization’s vendors, suppliers and other third parties using a single, unified platform.