Third-Party Vendor Risk Assessment

Leverage 75+ pre-defined assessment templates including SIG Core, SIG Lite and H-ISAC standardized vendor risk assessment questionnaires, as well as GDPR, FCA, PCI-DSS, ISO 27001, CMMC, NIST, Modern Slavery, Anti-Bribery, Health & Safety, Management & Ethics and more with the Prevalent Compliance Framework (PCF). Import offline assessments or build custom questionnaires with risk and control elements relevant to your business. Vendors can also update you on events with proactive assessments.

Generate risk registers upon survey completion, integrating real-time cyber, and business and financial monitoring insights to automate risk reviews, reporting and response. Generate vendor risk assessment reports to document status by regulation.

Prevalent normalizes, correlates and analyzes information across inside-out risk assessments and outside-in monitoring from Prevalent Vendor Threat Monitor and BitSight. This unified model provides context, quantification, management and remediation support.

Leverage a pre-packaged library of ActiveRules to automate a range of tasks normally performed as part of the onboarding assessment and review processes – such as updating vendor profiles and risk attributes, sending notifications, or activating workflow – utilizing if-this, then-that logic.

Efficiently communicate with vendors and coordinate remediation efforts. Capture and audit conversations; record estimated completion dates; accept or reject submissions on an answer-by-answer basis; assign tasks based on risks, documents or entities; and match documentation and evidence to risks. Includes built-in remediation guidance to accelerate risk mitigation.

Reveal risk trends, status and exceptions to common behavior for individual vendors or groups with embedded machine learning insights. Quickly identify outliers across assessments, tasks, risks, etc. that could warrant further investigation.

Automatically map information gathered from control-based assessments to regulatory frameworks including ISO 27001, NIST, CMMC, GDPR, CoBiT 5, SSAE 18, SIG, SIG Lite, SOX, NYDFS, and more to quickly visualize and address important compliance requirements.

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

Centralize agreements, contracts and supporting evidence with built-in task and acceptance management, plus mandatory upload features.

Simplify vendor management with dashboards for individual entities and entity groups. Capabilities include bulk entity import; offline entity tree updates; assessment and remediation status reporting; customizable intake forms and workflows. Build comprehensive vendor profiles that include key entity information such as location, ownership, revenue, SIC code, fiscal year end, mapping of fourth parties; and other functions for managing the full vendor lifecycle