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Outsourced Vendor Risk Management

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.

Leave your vendor risk management to us

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.

Key Benefits

  • Focus your team on risk management efforts, not on collecting vendor evidence
  • Leverage domain expertise from dedicated third-party risk management experts
  • Gain comprehensive visibility into risk remediation efforts
  • Realize a faster time-to-value from your risk reduction iniatives

How it works

How Roc Works

Scope

We work with you to understand your third-party risk management requirements and map to them to a variety of managed service options.

Implement

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.

Respond

We issue surveys to your vendors and other third parties, and then manage the response tracking and evidence collection.

Remediate

We can conduct follow-up assessments to validate and document vendor risk remediation.

Maintain

We help you maintain visibility and accuracy with regular health checks and program reviews.

Third-Party Risk Management Support

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.

Roc Map

ROC Capabilities

Platform Management

Get full configuration and maintenance of the Prevalent Third-Party Risk Management (TPRM) platform to maintain risk program health and accuracy.

Vendor Management

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.

Comprehensive Support

We're here to provide ongoing support for your assessments and to answer your TPRM questions.

KPI Management

Proactive management of assessments, chasing responses and issuing guidance to improve response rates.

Reporting

We provide detailed analysis of assessment results and progress, including management summaries and trend data.

Flexible managed service options

Prevalent offers three managed service options to meet your third-party risk management needs. 

Collect

We manage the collection of completed assessments from vendors and second parties.

Analyze

We handle assessment collection and review the responses to confirm document evidence is accurate, while identifying potential issues.

Remediate

In addition to the above, we facilitate the risk management process for the top 10 risks identified (unless otherwise scoped).


Flexible Options Graphic

The Prevalent Third-Party Risk Management Platform

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.