Prevalent

Prevalent has a broad third-party risk management platform that combines intelligence and automation to assess and mitigate security risks from vendors, suppliers and other third parties. With AI technology, the platform is designed to remove security blind spots and provide a single, unified view of third-party risk assessment and monitoring.

Prevalent can be used for a number of use cases, including third-party risk management, IT vendor risk management and supplier risk management. Some of its features include:

• Vendor Risk Assessment: Automate the collection and analysis of third-party risk surveys to assess potential risks.
• Vendor Risk Monitoring: Continuously monitor external threats to vendors, including cyber, operational, reputational and financial risks.
• Supplier Risk Management: Manage pre-contract due diligence, contract lifecycle management and post-contract risk monitoring.
• Compliance: Ensure compliance with a wide range of regulations and standards, including GDPR, HIPAA and ISO.
• AI-Powered Capabilities: Leverage machine learning algorithms to process large data sets, identify trends and provide expert risk management insights.

The platform is designed to help a variety of stakeholders, including risk management, procurement, security, IT, audit and compliance teams. Prevalent also offers value-added services to support platform adoption and ROI, including due diligence collection and analysis, contextual risk reporting, and risk remediation.

Finance, healthcare, insurance, legal, manufacturing, pharma and life sciences, and retail are among the industries that can benefit from Prevalent. The platform can accommodate a wide range of vendors and suppliers, allowing them to manage their own risk assessments and share self-assessments through the Prevalent Third-Party Marketplace.

Prevalent promises a scalable and efficient approach to third-party risk management, unburdening teams from manual risk assessment and analysis. This allows organizations to focus on strategic vendor management and overall risk reduction. The platform also offers resources like a risk calculator, solution comparison, and maturity assessment to help users assess the maturity of their TPRM programs.

Prevalent doesn't reveal pricing details, but potential customers can schedule a demo to learn more about the platform's features and pricing.

Published on June 20, 2024