Collaborate with customers and ease the pain of risk assessments
Whether you received a customer request to complete a Prevalent survey, or you are seeking to automate the process of addressing risk, Prevalent can help. With Prevalent, you and your customers have a centralized platform for identifying, managing and reducing risk in your business relationship.
Key Benefits for Vendors
Spend less time and energy completing risk assessments.
Work with customers to strengthen security and compliance controls.
Demonstrate your commitment to security and compliance best practices.
The Assessment Process
By completing risk assessment surveys, analyzing results with customers, and implementing controls, you demonstrate your organization's commitment to security best practices and compliance with data and privacy laws.
|1: Create Your Prevalent Account|
|You'll receive a registration link when your customer adds you to their Prevalent environment.|
|Click on the link and create an account in the platform.|
|2: Complete and Submit Your Assessment|
|You'll be directed to your vendor page in the platform.|
|Complete your assessment, uploading documentation and supporting evidence as you go.|
|You can save your progress and come back to questions later.|
|You can also invite colleagues to help complete the survey.|
|Submit your completed questionnaire and supporting evidence.|
|3: Collaborate to Remediate Risk|
|Your customer may ask you to take actions to meet risk tolerance or control standards.|
|Use built-in, bi-directional communications tools to facilitate remediations.|
|You and your customer can track your progress along the way.|
Need more info?Visit our customer support portal to access detailed guides for survey respondents.
How much does it cost?
It costs nothing for vendors to complete assessments. Your customers purchase licenses that enable them to assess a certain number of vendors.
How long will it take to complete an assessment?
That’s a hard question to answer, since there are many factors that go into the third-party risk management lifecycle. A good rule of thumb is about two weeks, depending on the length of the survey.
Who owns my content in the Prevalent platform?
You, the vendor, owns your content in the Prevalent platform. You have the power to update your content, launch additional self-assessments, share content with others, or not share any content at all.
Who can see my content in the Prevalent platform?
Readily available vendor content, including completed and submitted standard questionnaires and associated evidence, is stored in our secure repository. This is viewable only by the company requesting the assessment, or by Prevalent if your customer has outsourced the collection to us. Vendors who complete and submit the standard questionnaire responses and associated evidence are allowing the requesting customer and/or Prevalent to apply risk management and assurance.
Do you share my data?
No, not unless you expressly approve your questionnaire responses and associated evidence to be shared with organizations aside from your customer or Prevalent.
Do you sell my data?
No. Never, under any circumstance, will we sell your data.
Is my data secure?
Yes. Prevalent assesses the software and service providers used in the operation and support of our applications using our own technology. We provide our own completed SIG responses within the Prevalent platform, as well as third-party security assurance documentation of our suppliers (as applicable), and documentation of policy, procedure, and technical artifacts as necessary. If you would like more information on encryption, identity management, or other information on how we secure your data, just let us know!
Gartner’s 2019 Magic Quadrant for IT Vendor Risk Management reviews 16 VRM providers.
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