Logically prioritize vendors for onboarding based on known service attributes.
Build, Grow, And Optimize Your Third-Party Risk Management Program
The expanding number of breaches and increasingly complex compliance regulations are driving more organizations to formalize their third-party risk management functions. What were once short-term tactical projects delivered in organizational silos have now become strategic enterprise-wide programs with extended lifecycles.
Since an incomplete vendor risk management program can end up costing more in time and services, it’s clear that organizations must have the right partner to ensure a mature program.
Prevalent’s Professional Services teams work with you and your partners to deliver best practices and a cost-effective path to a successful Prevalent Third-Party Risk Management Platform implementation. Professional Services engineers deliver advisory, installation and configuration, knowledge transfer, and ongoing optimization to meet your architectural and business requirements, with multiple professional services package options available to fit your project scope.
Prevalent utilizes a proven, 8-step program customized to your program maturity level.
Prevalent Third-Party Risk Management Advisory Services help organizations establish new TPRM programs or mature their existing programs based on industry best practices. By baselining the essential components of a comprehensive TPRM program Prevalent partners with customers to ensure that objectives and milestones are achievable and operational processes are documented.
Development of a basic Third-Party Risk Management Program, designed to meet industry best practices and enable customers to leverage the Prevalent software platform.
Development of an enhanced Third-Party Risk Management Program, designed to meet industry best practices and enable customers to leverage the Prevalent software platform supporting vendor classification processes and the increased timeframe
Prevalent TPRM Implementation Services includes deliverables such as onboarding, training, an operation manual, survey creation and risk remediation recommendations. We work with our customer, their partners and systems integrators to ensure a mature and complete TPRM program.
Implementation and configuration of the platform using an 'Out of the Box' Assessment.
Implementation and configuration of the platform using an 'Out of the Box' Assessment, inclusive of a Supporting Operational Manual for Third Party Process (Single Use Case).
Prevalent Program Health Check & Optimization Services measure the health of your third-party risk management program, identifying opportunities for development and optimization. With quarterly check-ins to review program milestones, Prevalent ensures customers are continuing to progress their TPRM programs.
The Prevalent Third-Party Risk Management Platform is a unified solution that provides a 360-degree view of vendor risks. From automating vendor assessments to continuously monitoring vendors, the Prevalent Platform enables organizations to simplify compliance, reduce vendor-based risks, and improve efficiency to better scale their third-party risk management programs.
Prevalent, “leads the pack with a third-party risk management platform… best for companies that want one TPRM tool with integrated cyber-risk ratings.” The Forrester New Wave™: Cybersecurity Risk Rating Solutions, Q4 2018. Nick Hayes and Trevor Lyness. November 13, 2018