With the release of Platform v3.20 and Vendor Threat Monitor v2.3, Prevalent introduced market-first financial and credit monitoring to natively-integrated complement existing continuous cyber and business event monitoring, adding important new risk visibility for procurement teams. Version 3.22 of the Prevalent Third-Party Risk Management Platform expands this financial monitoring capability with the addition of deep reporting and more. Below is a summary of this and other updates available in version 3.22.
Platform v3.22 features enhancements to the financial feed from Prevalent Vendor Threat Monitor, including:
This expanded vendor financial reporting and CPI monitoring capability adds more business context to vendor risk analysis. It is especially beneficial to procurement and sourcing professionals looking to gain insights into a potential vendor’s viability and ethics.
Financial information now includes insights into historical credit ratings, ownership, shareholders, probability of default, and more.
Be sure to check out the What’s New features document or visit the Prevalent Customer Portal to read the release notes or view a new features demo video and learn more about additional features not listed here. If you’re new to Prevalent, request a demo to discuss how we can help you get ahead of third-party risk.