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Vendor Risk Management Consulting

Professional Services for Maturing Your Third-Party Risk Management Program

Prolific data breaches and 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 are now strategic, enterprise-wide programs with extended lifecycles. As a result, an incomplete program can end up wasting time, resources and money.

The Prevalent™  Professional Services team puts you on the right path to achieving third-party risk management maturity with minimal hassle.

Build, grow & optimize your third-party risk management program

The Prevalent Professional Services organization works with you and your partners to deliver best practices and a cost-effective path to a successful Prevalent Third-Party Risk Management Platform (TPRM) 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. 

Key Benefits

  • Benefit from a cohesive services framework that can be used at all stages of program maturity 
  • Deploy TPRM using best practices that optimize usage
  • Ensure a complete solution with clear milestones for success 
  • Maximize ROI from the Prevalent platform 
  • Experience collaborative and partner-friendly customer care   

A proven TPRM methodology

Prevalent utilizes a proven, 8-step program customized to your program maturity level.

  • Prioritization@3X

    Vendor Prioritization

    Logically prioritize vendors for onboarding based on known service attributes.

  • Remediation@3X

    Remediation Definition

    Define a standardized and repeatable remediation approach using built-in survey risk recommendations.

  • Tiering@3X

    Vendor Tiering 

    Understand key profile attributes and the impact to the organization should a vendor fail in performance or service delivery.

  • Milestone@3X

    Achievable Milestone Definition

    Recommend phased program management and forecast expected usage of internal resources.

  • Implementation@3X

    Platform Implementation

    Configure the Platform to reflect your own use cases based on scoping, identified success criteria, and reporting requirements.

  • Manual@3X

    Operation Manual

    Create a manual to support Platform management, customized to reflect internal roles, responsibilities and processes.

  • Assessment@3X

    Assessment Translation

    Create optimized questionnaires from scratch, leveraging your own existing content, or utilizing the Platform survey library.

  • Health@3X

    Program Health Check

    Assess and monitor program health based on agreed objectives, recommendations and success criteria.

Advisory Services

Prevalent Advisory Services help your organization establish a new TPRM program or mature your existing program based on best practices. By baselining the essential components of a comprehensive TPRM program, Prevalent partners with you to achieve objectives and milestones while documenting operational processes.

Standard Program Development

Development of a basic Third-Party Risk Management Program, designed to meet industry best practices and enable customers to leverage the Prevalent software platform.

Enterprise Program Development

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

Advisory Services

Implementation Services

Prevalent TPRM Implementation Services includes deliverables such as onboarding, training, an operation manual, survey creation and risk remediation recommendations. We work with you, your partners and systems integrators to ensure a mature and complete TPRM program.  

Standard Platform Implementation

Implementation and configuration of the platform using an 'Out of the Box' Assessment.

Enterprise Platform Implementation

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).

Implementation Services

Program Health & Optimization Services

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.

Program Health Check


Vendor Prioritization


The Prevalent Third-Party Risk Management Platform

The Prevalent Third-Party Risk Management Platform is a unified solution that provides a 360-degree view of vendor risk. With the Prevalent TPRM platform, you simplify compliance, reduce risk, and improve efficiency to scale your third-party risk management program.