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.
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
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
Import vendors via a spreadsheet template or through an API connection to an existing solution, eliminating error-prone, manual processes.
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.
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.
Use a simple assessment with clear scoring to capture, track and quantify inherent risks for all third parties.
Automatically tier suppliers according to their inherent risk scores, set appropriate levels of diligence, and determine the scope of ongoing assessments.
Categorize vendors with rule-based logic based on a range of data interaction, financial, regulatory, and reputational considerations.
Automate the collection of SIG questionnaire answers with built-in chasers, assessment scheduling, and escalation paths.
Review and approve assessment responses to automatically register risks, or reject responses and request additional input.
Normalize, correlate and analyze assessment results and continuous monitoring intelligence for unified reporting and remediation.
Quickly gauge third-party risk levels with consolidated views of risk ratings, counts, scores and flagged responses for each vendor.
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.
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.
Identify relationships between your organization and third, fourth and Nth parties to discover dependencies and visualize information paths.
Store and manage policy documents, evidence and more for dialog and attestation.
Take actionable steps to reduce vendor risk with built-in remediation recommendations and guidance.
Visualize and address compliance requirements by automatically mapping assessment results to requirements.
Access dozens of pre-built connectors that use a low-code approach to integrate the Prevalent Platform with traditionally siloed tools.
Collect and analyze SIG response on your own, or outsource to Prevalent's expert Vendor Risk Assessment Services.
Correlate SIG assessment answers with continuously collected cybersecurity, business, reputational and financial data to validate assessment responses and trigger automated actions.