Analyst Insight: The Gartner® Market Guide for IT Vendor Risk Management Solutions

Hero reputational financial monitoring

Reputational & Financial Risk Monitoring

Continuously monitor for vendor operational updates

There is more to third-party risk than cybersecurity concerns. For example, financial instability can affect a vendor’s ability to deliver parts and services. A visit from OSHA can close a facility. A negative regulatory finding or ethics investigation can distract management and have potential ramifications for your business.

While it’s essential to stay on top of events that create vendor risk, the news tends to get drowned out by cybersecurity breaches. It’s therefore no surprise that most third-party risk management solutions fail to deliver important financial and reputational intelligence to their customers.

The Prevalent Third-Party Risk Management Platform continuously monitors public and private sources of reputational, sanctions and financial information, delivering the insights and reporting needed to stay ahead of potential supplier disruptions.

Key Benefits

  • Gain centralized, comprehensive financial and reputational insights from thousands of sources

  • Make informed procurement decisions with extensive reputational and financial intelligence

  • Reduce procurement costs by leveraging built-in financial, reputational and business insights without requiring additional tools

 Quote retail

Prevalent has automated and brought consistency to the initial onboarding of all third parties, which has allowed the team to focus on what matters.

— Global 500 Retail Company

Key Features

  • Icon dashboard gold

    Comprehensive Supplier Profile

    Tap into 550,000+ sources of vendor intelligence to build a comprehensive supplier profile that includes industry and business insights and maps 4th-party dependencies.

  • Icon business info context gold

    Operational Updates

    Avoid working with corrupt businesses and individuals by screening them against an extensive database of profiles linked to illicit activities. By consolidating intelligence from 30,000 global news sources, Prevalent enables fast and comprehensive screening to protect your company and its reputation.

  • Icon stakeholder report

    Financial & Credit Monitoring

    Tap into financial information from a global network of millions of businesses across 160+ countries. Access 5 years of financial performance data, including turnover, profit and loss, shareholder funds, credit ratings, payment history, bankruptcies, investments, and more. Screen new vendors and monitor existing vendors for informed sourcing decisions.

  • Icon news newspaper

    Adverse Media Screening

    View consolidated adverse media and negative news coverage sourced from 30,000 global news sources.

  • Icon hand prohibited gold

    Global Sanctions Monitoring

    Simultaneously screen against the world’s most important sanctions lists (including OFAC, EU, UN, BOE, FBI, BIS, etc.), over 1,000 global enforcement lists, and court filings (such as the FDA, US HHS, UK FSA, SEC and more) to proactively identify prohibited business relationships.

  • Icon person warning gold

    Politically-Exposed Persons (PEP) Screening

    Screen against a global PEP database with access to over 1.8 million politically exposed person profiles, including families and associates, to identify potential leadership risks.

  • Icon corruption cash gold

    Corruption Perception Index Scoring

    Corruption Perception Index (CPI) scores of company head office countries add business context to vendor risk analysis by delivering insights into a vendor’s viability and ethics.

  • Icon government gold

    State-Owned Enterprise Screening

    Avoid conflicts of interest by checking companies against a proprietary list of government-owned and government-linked enterprises.

  • Icon consolidate

    Central Risk Register

    Normalize, correlate and analyze assessment results and continuous monitoring intelligence for unified risk identification, reporting and remediation.

  • Icon remediate health

    Built-in Remediation Guidance

    Take actionable steps to reduce vendor risk with built-in remediation recommendations and guidance.

  • Icon relationship mapping gold

    Relationship Mapping

    Identify relationships between your organization and third, fourth and Nth parties to discover dependencies and the potential for reputational risks to monitor in your extended vendor ecosystem.

  • Icon compliance gold

    Compliance Reporting

    Visualize and address compliance requirements by automatically mapping assessment results to any regulation or framework.

  • Icon risk assessment gold

    Risk Reporting

    Identify, alert and communicate exceptions to common behavior with built-in report templates.

Who Wins

  • Procurement

    Head off business challenges with continuous insights into third-party news, financial reports, and reputational intelligence.

    > More procurement and sourcing benefits

  • IT Security

    Add context to cybersecurity assessments and automate the scheduling, collection, analysis, management, and remediation of vendor risks in a central platform.

    > More IT security benefits

  • Risk Management

    Continuously monitor for risks that could negatively impact your company’s ability to deliver its products and services.

    > More risk management benefits

Executive Brief: How to Get More from Third-Party Risk Scores

Discover how to build a more comprehensive, actionable and cost-effective vendor risk monitoring program.

Read Now
White paper more than score 0623
  • Ready for a demo?
  • Schedule a free personalized solution demonstration to see if Prevalent is a fit for you.
  • Request a Demo