Question: I need a solution that automates due diligence and vendor selection processes, can you help?

Prevalent has an AI-powered third-party risk management platform that spans a range of use cases including third-party risk management, IT vendor risk management and supplier risk management. It can be used for risk assessment, monitoring, compliance and due diligence collection and analysis. Prevalent is geared for industries like finance, health care, insurance and retail, and is designed to be a scalable and efficient way to manage third-party risk.

Another option is Venminder, an all-in-one third-party risk management program platform. Venminder handles the vendor lifecycle from onboarding to offboarding with tools to create and manage vendor questionnaires, contract management, risk assessments and continuous monitoring. It also offers outsourced due diligence services, including expert control assessments, so it's a good option for companies of all sizes and industries.

If you want a highly customizable option, check out ProcessUnity. The platform automates the entire risk lifecycle, including onboarding and continuous monitoring. It includes a customizable workflow platform, a Universal Data Core for aggregating risk data and AI-powered tools for third-party risk management. ProcessUnity is a Leader in the Forrester Wave for Third-Party Risk Management Platforms, so it's a good option if you need a comprehensive TPRM solution.