Forrester Names Prevalent a Leader.
Managed Services for Third-Party Risk Assessment, Evidence Collection and Analysis
Vendors, suppliers and other third parties pose one of the greatest data breach risks to organizations today. However, building and maintaining an effective third-party risk management program can be taxing for even the largest and best-staffed companies. What's more, the regulatory landscape is constantly evolving, making it critical to have experts who can stay on top of changing compliance reporting requirements.
Prevalent Risk Operations Centers provide managed services to handle your third-party risk assessment and monitoring needs. As a result, you reduce vendor risk and simplify compliance without burdening internal staff.
The Prevalent Risk Operations Centers are teams of third-party risk management experts who collect vendor evidence, review assessments for completeness, identify risks, and provide remediation guidance.
We work with you to understand your third-party risk management requirements and map to them to a variety of managed service options.
We profile your ecosystems of vendors, suppliers and other third-parties; customize surveys and other platform components to your business needs; and document everything in straightforward operations manuals.
We issue surveys to your vendors and other third parties, and then manage the response tracking and evidence collection.
We can conduct follow-up assessments to validate and document vendor risk remediation.
We help you maintain visibility and accuracy with regular health checks and program reviews.
Connect with online or telephone support at the Risk Operations Center closest to you. We have experts on-hand to address questions and provide remediation guidance.
Get full configuration and maintenance of the Prevalent Third-Party Risk Management (TPRM) platform to maintain risk program health and accuracy.
Rely on us to onboard, review and maintain vendors in the Prevalent TPRM platform to ensure the accuracy of your third-party contacts, hierarchies and attributes.
We're here to provide ongoing support for your assessments and to answer your TPRM questions.
Proactive management of assessments, chasing responses and issuing guidance to improve response rates.
We provide detailed analysis of assessment results and progress, including management summaries and trend data.
Prevalent offers three managed service options to meet your third-party risk management needs.
We manage the collection of completed assessments from vendors and second parties.
We handle assessment collection and review the responses to confirm document evidence is accurate, while identifying potential issues.
In addition to the above, we facilitate the risk management process for the top 10 risks identified (unless otherwise scoped).
From automating vendor assessments to continuously monitoring vendors, the Prevalent Platform enables you to simplify compliance, reduce risk, and improve efficiency to scale your third-party risk management program.
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
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