Supply chain security and business resilience have never been more important than now. In these unprecedented economic times, organizations must ensure that the vendors they do business with are resilient enough to weather the storm. However, an alarming number of companies aren’t even able to centrally manage their vendors; know the risks they inherently bring to the business; or assess them without resorting to archaic and time-consuming methods like spreadsheets.
With budgets shrinking and projects being re-prioritized right and left, now is the time to ditch those spreadsheets and invest in an automated third-party risk management program to ensure your vendors are secure, resilient and ready for what’s next.
Prevalent is excited to announce two new solutions intended to help companies get their TPRM programs off the ground in less than 30 days. Prevalent TPRM Jump Start offers affordable packages of capabilities designed to help your TPRM program get up and running quickly, so you can automate assessments of supply chain resilience. Since Jump Start is based on the Prevalent TPRM platform, you have a scalable solution for ongoing TPRM as your needs evolve.
Prevalent TPRM Jump Start delivers:
Jump Start is a low-risk, high-velocity launching point for your TPRM program that enables you to not only centrally onboard and manage your vendors, but also to quickly baseline the risk each vendor poses to your operations. With that foundation in place, you can centrally assess and score risks, remediating the ones that matter most to you.
Jump Start Discover enables you to centrally manage vendors and calculate their inherent risk. Even if you don't require assessments of every vendor, Discover makes it easy to organize them all in one place and get a quick inherent risk score to inform vendor tiering and profiling.
Jump Start Assess enables you to survey your top vendors, score their risk, and gain remediation guidance. You get everything in the Discover package, plus the ability to evaluate vendor cybersecurity, privacy and business resilience practices using a library of industry-standard assessments or your own customized survey.
Jump Start enables organizations to build a structured TPRM program and start seeing results in less than 30 days. Compare that to the chaos and manual labor of trading spreadsheets between you and your vendors. Instead, centralize risk management in an easy-to-use platform where:
Vendor risk management workflows speed the vendor onboarding process, while reducing risk throughout the third-party lifecycle...