Analyst Insight: The Gartner® Market Guide for IT Vendor Risk Management Solutions
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:
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.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 |
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.
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 offers the widest choice of products, networks and managed services available to meet you wherever you are in your program maturity; and the greatest number of pre-built questionnaire template options available in a vendor risk management solution.
Prevalent’s Global Risk Operations Centers employ Certified Third-Party Risk Professionals (CTPRPs) ready to do the hard work of vendor onboarding, assessment and remediation management for you.
The largest network of completed, industry-standardized vendor surveys and intelligence combined with the world’s first – and only – vendor marketplace for self-assessments accelerate the vendor risk assessment process.
Prevalent is the only vendor risk management solution to natively integrate continuous cyber and business monitoring with assessments to provide a complete view of vendor risks.
Prevalent customers identify risks 44% faster, reduce manual work by 50%, and increase productivity by a factor of 3.
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.
This in-depth report defines the IT VRM market, explains what clients can expect it to do...
This free Third-Party Risk Management RFP Kit includes a customizable questionnaire, solution comparison sheet, and scoring...
This complimentary guide details best practices for successfully managing risk throughout the vendor lifecycle.