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Vendor Risk Assessment Services

Leave your vendor risk assessments to us, so you can focus on what matters

Prevalent™ Vendor Risk Assessment Services provide managed services to handle your third-party risk assessment and monitoring needs. Our Risk Operations Center (ROC) manages the vendor lifecycle on your behalf – from onboarding vendors and collecting evidence, to reviewing assessments for completeness, identifying risks, and providing remediation guidance. As a result, you reduce vendor risk and simplify compliance without burdening internal staff.

Key Benefits

  • Improve efficiency and productivity by focusing on managing risk, rather than on collecting vendor evidence

  • Leverage domain expertise from a team of certified third-party risk professionals

  • Gain comprehensive visibility into risk remediation efforts

  • Realize a faster time-to-value from your risk reduction initiatives

 Blog extending irm jan 2020

“Prevalent really cares, and the ROC team is exceedingly responsive. Sometimes when you deal with a large company, you’re just a number. With Prevalent, we don’t feel like that at all. They are a stakeholder in our success.”

— Information Security Advisory Services Manager, Global Insurance Company

How it works

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    Scope

    We work with you to understand your third-party risk management requirements and identify achievable program milestones.

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    Onboard

    We profile and onboard your vendors, suppliers and other third parties; customize surveys and other platform components to your business needs; and document everything in straightforward operations manuals.

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    Assess

    We issue surveys to your vendors and other third parties; manage evidence collection and response analysis; and monitor vendors on your behalf.

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    Analyze

    We review and analyze responses, looking for red flags and completeness of documentation.

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    Add Context

    We optionally add specialized business context into each unique vendor relationship, providing more prescriptive guidance for risk remediation.

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    Validate

    We provide an optional in-depth review of third-party assessment responses and documentation against established testing protocols to validate that indicated controls are in place.

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    Remediate

    We identify top risks from assessments and continuous monitoring and conduct follow-up assessments to validate and document vendor risk remediation.

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    Improve

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

Vendor Risk Assessment Customer Service

As a Prevalent customer, you will be assigned an experienced Customer Success Manager who will help you gain the most value from your investment.

Customer Success Data Sheet
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Key Capabilities

  • Platform Management: Gain full access to the Prevalent Third-Party Risk Management platform for reporting and management.

  • Vendor Lifecycle Management: Rely on us to onboard, review and maintain vendors in the platform.

  • KPI Management: We handle your assessments, chasing responses, and response rate optimization.

  • Reporting: We provide detailed contextual analysis of assessment results, progress and trends.

  • Comprehensive, In-Region Support: Receive ongoing assistance from our U.S., Canada, and UK-based teams.

Flexible vendor risk assessment service options

Prevalent offers three vendor risk assessment service packages to meet your unique needs.

Collect Analyze Remediate
We manage the collection of completed assessments from your third parties. We review the responses to confirm document evidence is accurate and to flag potential issues. We facilitate the risk management process for the top 10 risks identified (unless otherwise scoped).
Access to all platform content and features
Unlimited platform users
Online and telephone support + training webinars
Assessment monitoring & follow-up
Monthly reporting
Quarterly maturity assessments
Red flag analysis
Review evidence and notes for accuracy
Remediation guidance for top 10 risks
Remediation management

Prevalent Managed Services Bring Tangible Results

Our customers report an average 50% reduction in manual work, 44% reduction in time to identify and mitigate risk, and 300% increase in team productivity.
The Prevalent Difference: Customer Speak

Additional Services

Contextual Risk Reporting

Tailored to fit the needs of mission-critical business relationships, this service expands on the Vendor Risk Assessment Services delivered by our Risk Operations Center to gain specialized business context into each unique vendor relationship and provide more prescriptive guidance for risk remediation. Read the data sheet.

Controls Validation

Prevalent delivers expert, in-depth review of third-party assessment responses and documentation against established testing protocols to validate that indicated controls are in place. Read the data sheet.

  • Ready to get started?
  • Schedule a personalized solution demonstration to see if Prevalent is a fit for you.
  • Request a Demo