Assess and continuously monitor your supply chain partners for diversity and hiring practices
Doing business with third parties in a more socially conscious world means ensuring that vendors not only adhere to national labor laws and standards, but also that their employee base accurately reflects society as a whole.
However, most third-party risk management products focus solely on cybersecurity risks and ignore diversity and inclusion issues, which can lead to customer losses and reputational damage.
The Prevalent Third-Party Risk Management Platform includes capabilities to assess third parties against diversity and inclusion-in-hiring practices. It also features built-in integration with continuous reputational, and compliance insights to validate assessment results.
Gain visibility into a supply chain partner’s hiring equity practices
Get ahead of potential business disruptions by leveraging continuous supplier reputation intelligence
Automate assessments with diversity questionnaires that are backed by validation from continuous, real-world monitoring
Speed diversity reporting with built-in templates
The quality of our vendor risk management program has improved significantly by using Prevalent.
— Chief Information Officer, Large Enterprise Professional Services Company
Rapidly pre-screen vendors using a library of continuously updated risk scores based on inherent/residual risk, assessment results and real-time reputational monitoring.
Centralize the onboarding, distribution, discussion, retention, and review of vendor contracts, and leverage workflow to automate the contract lifecycle, ensuring enforcement of diversity requirements.
Tap into 550,000+ sources of vendor intelligence to build a comprehensive supplier profile that includes industry and business insights.
Use a simple assessment with clear scoring to track and quantify inherent risks and chart the right path for a complete diversity assessment.
Leverage 125+ assessment templates, including industry-standard questionnaires, the Prevalent Compliance Framework (PCF), and customizable questionnaires to assess against diversity criteria.
Review and approve assessment responses to automatically register risks, or reject responses and request additional input.
Access qualitative insights from over 550,000 public and private sources of operational information, including M&A activity, business news, management and leadership changes, competitive news, new offerings, operational updates, and more.
View consolidated adverse media and negative news coverage sourced from 30,000 global news sources.
Normalize, correlate and analyze assessment results and continuous monitoring intelligence for unified reporting and remediation.
Take actionable steps to reduce vendor risk with built-in remediation recommendations and guidance.
Store and manage diversity, hiring and other related policy documents, evidence and more for dialog and attestation. Leverage built-in automated document analysis based on AWS natural language processing and machine learning analytics to confirm key criteria are addressed.
Visualize and address compliance requirements by automatically mapping assessment results to diversity requirements.
Managing ESG Risks Across the Extended Enterprise
This analyst report from GRC 20/20 uncovers best practices for including ESG in your third-party risk management program.
Reduce the potential for business disruptions by ensuring that new vendors adhere to sound diversity, hiring and inclusion practices.
Add context to cybersecurity assessments and automate the scheduling, collection, analysis, management, and remediation of vendor risks in a central platform.
Ensure that supply chain partners have sound diversity policies in place to reduce the risk reputational damage.
How Do Ethics, Compliance, & Diversity Impact Third-Party Risk?
This panel-style webinar features third-party risk experts from BNY Mellon and Seyfarth Shaw as they discuss strategies for expanding the scope of assessment to address compliance, ethics, and diversity.
This 10-page paper shares actionable steps for coordinating your team to reduce risk throughout every stage...