Prevalent delivers the industry’s only purpose-built, unified platform for third-party risk management. Delivered in the simplicity of the cloud, the Prevalent platform combines automated vendor assessments, continuous threat monitoring, assessment workflow, and remediation management across the entire vendor life cycle, with expert advisory and consulting services to optimize your risk management program. With Prevalent, organizations gain a 360-degree view of vendors to simplify compliance, reduce risks, and improve efficiency for a scalable third-party risk management program.
The Prevalent Third-Party Risk Management Platform includes the following services:
Assessment Service: Automate the process of collecting, analyzing and remediating vendor evidence
- Select standard or create custom surveys; or outsource collection
- Schedule surveys with closed-loop communications with vendors
- Automated risk and compliance registers visualize risks
- Remediation workflow ensures risks are addressed efficiently
- Live reporting to take immediate action
- Easy-to-use user dashboard to encourage faster vendor adoption
Cyber & Business Monitoring Service: Make better risk-based decisions with technical insight into threats, breaches, and network health, combined with a strategic view of the business
- Cyber threat intelligence for an outside-in view of vendor network health
- Business intelligence for a deeper understanding of business risks that impact your vendor relationship
- Stakeholder-specific reporting to meet the needs of executives and auditors alike
- Remediation with actionable recommendations to ensure closed-loop risk reporting
- Integrated monitoring and survey scores to inform overall risk assessments
Network Service: Partner with vendors to create a shared repository of validated questionnaires with supporting documents
- Legal Vendor Network: Prevalent manages the de facto legal industry standard for sharing completed vendor surveys. The LVN contains half of the top 100 US law firms and counting.
- Healthcare Vendor Network: Prevalent is the exclusive third-party risk management partner of the H-ISAC with 5 of the top 10 healthcare companies and 5 of the top 10 pharmaceutical companies as customers and members.
Advisory & Consulting Service: Plan, optimize, and mature your third-party risk management program