Analyst Insight: The Gartner® Market Guide for IT Vendor Risk Management Solutions

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The Standard Information Gathering (SIG) Questionnaire

Automate the collection and analysis of SIG questionnaire responses

The Standard Information Gathering (SIG) questionnaire is a third-party risk assessment curated by Shared Assessments. Available in Core, Lite and Custom versions, the SIG enables organizations to leverage an industry-standard library of vetted questions that measure risk across 19 domains and four key subjects. By mapping each question to multiple controls and regulatory requirements, it enables organizations to simplify and standardize their third-party risk management and compliance initiatives.

Prevalent offers both the SIG Core and SIG Lite questionnaires as part of our Third-Party Risk Management Platform, providing analytics and additional control mappings and remediation guidance for SIG users. Additionally, Prevalent leverages the SIG as content for the Prevalent Exchange Network and Prevalent Legal Vendor Network.

How Prevalent Helps

  • Automate the collection and analysis of SIG questionnaire answers and supporting evidence with a single platform

  • Simplify regulatory and security framework reporting with additional, built-in control mappings

  • Gain improved visibility into vendor risks with machine learning analytics and reporting

  • Proactively mitigate risk with access to centralized remediation guidance

  • Provide your team with reliable access to the latest version of the SIG questionnaire

  • Complement and validate SIG questionnaire responses with continuous cyber, business, reputational, and financial risk monitoring

Case study professional services

Prevalent allows us to focus on why we ask vendors to complete a SIG – since they focus on the how, what, when and who.

— Large Legal Firm

Key Features

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    Automated Onboarding & Offboarding

    Import vendors via a spreadsheet template or through an API connection to an existing solution, eliminating error-prone, manual processes.

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    Centralized Intake Process

    Populate key supplier details with a centralized and customizable intake form and associated workflow. This is available to everyone via email invitation, without requiring any training or solution expertise.

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    Comprehensive Profiling

    Tap into 500,000+ sources of vendor intelligence to build a comprehensive profile that includes industry and business insights, ESG scores, ownership, and fourth- and Nth-party relationships.

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    Inherent Risk Scoring

    Use a simple assessment with clear scoring to capture, track and quantify inherent risks for all third parties.

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    Profiling & Tiering

    Automatically tier suppliers according to their inherent risk scores, set appropriate levels of diligence, and determine the scope of ongoing assessments.

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    Categorize vendors with rule-based logic based on a range of data interaction, financial, regulatory, and reputational considerations.

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    Due Diligence Collection

    Automate the collection of SIG questionnaire answers with built-in chasers, assessment scheduling, and escalation paths.

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    Risk Review & Analysis

    Review and approve assessment responses to automatically register risks, or reject responses and request additional input.

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    Central Risk Register

    Normalize, correlate and analyze assessment results and continuous monitoring intelligence for unified reporting and remediation.

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    Risk Scoring

    Quickly gauge third-party risk levels with consolidated views of risk ratings, counts, scores and flagged responses for each vendor.

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    Automated Response Actions

    Leverage a library of workflow rules to trigger automated playbooks that enable you to appropriately assess and monitor vendors based on their relationship and potential impact to the business.

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    Machine Learning Analytics

    Reveal risk trends, status, and exceptions to common behavior with embedded machine learning insights. Identify outliers across assessments, tasks, risks, and other factors warranting further investigation or score changes.

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    Data & Relationship Mapping

    Identify relationships between your organization and third, fourth and Nth parties to discover dependencies and visualize information paths.

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    Document & Evidence Management

    Store and manage policy documents, evidence and more for dialog and attestation.

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    Built-in Remediation Guidance

    Take actionable steps to reduce vendor risk with built-in remediation recommendations and guidance.

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    Compliance Mapping & Reporting

    Visualize and address compliance requirements by automatically mapping assessment results to requirements.

  • Icon api connector gear

    Connector Marketplace

    Access dozens of pre-built connectors that use a low-code approach to integrate the Prevalent Platform with traditionally siloed tools.

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    Flexible Options for Collection & Analysis

    Collect and analyze SIG response on your own, or outsource to Prevalent's expert Vendor Risk Assessment Services.

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    Continuous Monitoring

    Correlate SIG assessment answers with continuously collected cybersecurity, business, reputational and financial data to validate assessment responses and trigger automated actions.

Align Your TPRM Program with ISO, NIST, SOC 2 and More

Download this guide to review specific requirements from 11 different cybersecurity authorities, identify TPRM capabilities that map to each requirement, and uncover best practices for ensuring compliance.

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