Procurement

Key Capabilities

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  Secure Sourcing

  Tap into the Prevalent Vendor Intelligence Network for thousands of completed assessments and profiles with cyber, business and financial risk scores.

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  Workflow & Task Management

  Communicate with suppliers and coordinate remediation efforts. Capture and audit conversations, record estimated completion dates, and assign tasks.

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  Comprehensive Evaluation

  Gain insights from more than 500,000 sources of cyber, business and financial risk information to qualify suppliers for the next stage of evaluation.

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  Built-in Remediation Guidance

  Built-in remediation recommendations provide guidance to reduce residual risk.

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  Auto-Grading for Vendor Selection

  Ask a consistent set of questions across all vendors using an automated qualification assessment, and generate grades and ratings based on their responses.

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  KPI Reporting

  Track resolution of issues throughout the remediation process to show risk reduction progress over time and report against KPIs.

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  Automated Onboarding & Vendor Management

  Import vendors via a spreadsheet or through an API connection to an existing solution. Centralize key supplier information using expansive intake capabilities. Role-based access enables you to invite other employees to contribute to vendor onboarding initiatives.

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  Risk Reporting

  Leverage machine learning analytics to correlate hard-to-track metrics.

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  Profiling, Tiering & Inherent Risk Scoring

  Use a simple assessment to track and automatically quantify inherent risks for all suppliers with a clear score.

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  Compliance Reporting

  Visualize and address compliance requirements by automatically mapping assessment results to regulatory and industry frameworks.

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  Assessment Scheduling & Management

  Proactively conduct assessments, on a fixed schedule, or both; monitor real-time questionnaire completion progress; and set automated chasing reminders.

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  Document & Evidence Management for Negotiation

  Store and distribute documents for dialog and attestation during the sourcing process – for example NDAs, SLAs, statements of work, and agreements and contracts – with version control, built-in tasks, and an auto-review cadence.

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  Assessment Library

  Leverage 50+ pre-defined assessment templates, including industry-standard questionnaires, the Prevalent Compliance Framework (PCF), and customizable questionnaires.

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  Contract Assessment

  Provide a dedicated contract assessment questionnaire to identify potential breaches of contract and other risks.

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  Performance & SLA Management

  Inform performance reviews and negotiations with a single repository for contracts; terms and conditions; key dates; and SLA and KPI data. Customizable surveys gather and analyze necessary performance and contract data in a single register.

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  Automated Offboarding

  Customizable surveys and workflows report on system access, data destruction, final payments, and more.