Forrester TEI Study: The Total Economic Impact of Prevalent’s Third-Party Risk Management Solutions
Forrester Consulting was commissioned to conduct a Total Economic Impact™ (TEI) study and examine the potential return on investment (ROI) enterprises may realize by deploying Prevalent’s 3rd Party Risk Management solutions. The purpose of this study is to provide readers with a framework to evaluate the potential financial impact of the 3rd Party Risk Management solutions on their organizations, to leverage risk assessment automation tools to reduce, mitigate, and de-lever the risks associated with 3rd and 4th party vendors.
To better understand the benefits, costs, and risks associated with a Prevalent implementation, Forrester interviewed an existing customer with multiple years of experience using this solution. In a world where 3rd and 4th party vendors are common sources of enterprise risk, Prevalent’s suite of information security and data supply chain risk management solutions consisting of Vendor Risk Management (VRM), Vendor Threat Monitor (VTM), and Vendor Assess (VA), offers a clear level of visibility and dramatically improves efficiency in screening that risk. Companies using Prevalent can simplify and automate the vendor risk assessment process, dramatically improving compliance and security risk exposure.
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