New Report: The 2022 Gartner® Market Guide for IT Vendor Risk Management Solutions

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The Best Vendor Risk Management Software

Prevalent covers all of your VRM needs

Ready to delete those spreadsheets and automate your vendor risk management program? With dozens of vendors vying for your attention – from GRC and procurement platforms to privacy and security scoring tools – how do you cut through the noise and determine the right solution for you?

Turn to the experts. Prevalent is the only solution provider on the market that:

  • Delivers all vendor risk management use cases while natively integrating continuous cyber, business, reputational and financial threat monitoring for a complete view of third-party risk.
  • Is a Gartner Representative Provider, Gartner and IDC Leader, and Gartner Peer Insights Customers’ Choice

For you, this means a comprehensive and unified solution that delivers better, faster results; smarter decisions; and fewer headaches by managing fewer tools – all backed by a customer and industry-validated solution.

Vendor Risk Management Solution Comparison

Prevalent provides the most comprehensive vendor risk management solution available.

Provider

Software Services Network Monitoring
Vendor Risk Management Software Vendor Risk Assessment Managed Services Vendor Intelligence Sharing Network Native Vendor Risk Monitoring

Prevalent

Aravo

P

BitSight / ThirdPartyTrust

Coupa

P

CyberGRX

OneTrust

L

P

Panorays

ProcessUnity

O

P

SecurityScorecard

L, P

Venminder

P

Whistic

P

Legend

✔=Capability natively present; L=Limited capability; O=Capability outsourced to another party; P=Capability achieved through partnership | See sources below.
Datasheet Advisory Consulting Services

We appreciate not only the platform, but also the willingness to stand behind it and enhance it with human interaction.

— Information Security Analyst, Financial Services Company

Analyst Positioning and Customer Ratings

Provider

Gartner IDC Customer Ratings
Representative Provider in 2022 Gartner Market Guide for IT VRM Solutions Position in 2022 IDC MarketScape: Third-Party Risk Management Software Gartner Peer Insights Ratings (as of October 17, 2022)

Prevalent

Yes

Leader

4.5 / 71 ratings, Customers’ Choice 2022

Aravo

Yes

Major Player

4.5 / 28 ratings

BitSight / ThirdPartyTrust

Yes

--

BitSight: 4.4 / 204 ratings, Customers’ Choice 2022

Coupa

Yes

Leader

4.3 / 53 ratings

CyberGRX

Yes

--

4.6 / 41 ratings

OneTrust

Yes

Major Player

4.5 / 151 ratings, Customers’ Choice 2022

Panorays

Yes

--

4.5 / 50 ratings

ProcessUnity

--

Leader

4.5 / 93 ratings, Customers’ Choice 2022

SecurityScorecard

--

--

4.5 / 226 ratings, Customers’ Choice 2022

Venminder

Yes

--

4.6 / 114 ratings

Whistic

Yes

--

3.8 / 3 ratings

See below for Sources and Disclaimers.

Sources:

Disclaimers:

Gartner Disclaimer: Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

About IDC MarketScape: IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the icons.

Gartner Peer Insights content consists of the opinions of individual end users based on their own experiences with the vendors listed on the platform, should not be construed as statements of fact, nor do they represent the views of Gartner or its affiliates. Gartner does not endorse any vendor, product or service depicted in this content nor makes any warranties, expressed or implied, with respect to this content, about its accuracy or completeness, including any warranties of merchantability or fitness for a particular purpose.

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I was totally impressed with Prevalent’s maturity assessment. Their methodology and reporting was streamlined, effective, actionable, and helpful for clearly identifying a path forward for improving our organization’s program maturity.

— Manager, IT Security, Third-Party Risk Management Major U.S. Retail Organization

Prevalent vs. Vendor Risk Management Competition

Vendor Risk Management (VRM) Explained

Building a Vendor Risk Management (VRM) program can feel like an overwhelming undertaking for many organizations. Here's an overview to get you started on the right foot.

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