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

Hero compliance soc2

Vendor Offboarding & Termination

Securely wind down business relationships

All vendor relationships eventually come to an end, but your risk exposure doesn't disappear when the contract is terminated. There are final obligations to meet, data destruction procedures to follow, ongoing service agreements to consider, vendor access and credentials to remove, and final payment terms to confirm.

Despite this, 60% of companies say they are not actively assessing third-party risks during offboarding. How can you ensure all critical offboarding tasks are complete in order to minimize your company's risk exposure?

The Prevalent Third-Party Risk Management Platform automates contract assessments and offboarding procedures to reduce your organization’s risk of post-contract exposure.

Key Benefits

  • Streamline the complex task of determining post-contract risk exposure

  • Reduce the risk of a post-contract business disruption

  • Gain visibility into the entire vendor risk lifecycle – from onboarding to offboarding

Key Features

  • Icon contract flexible license

    Contract Assessment & Review

    Schedule tasks to review contracts to ensure all obligations have been met. Issue customizable contract assessments to evaluate status.

  • Icon offboarding exit gold

    Automated Offboarding

    Leverage customizable surveys and workflows report on system access, data destruction, access management, compliance with all relevant laws, final payments, and more.

  • Icon workflow gold


    Increase efficiency with an automation and rules engine that automatically suggests actions based on answers to offboarding assessments and routes tasks to additional reviewers.

  • Icon document management file cabinet gold

    Document Management

    Centrally store and manage documents and certifications, such as NDAs, SLAs, SOWs and contracts. Leverage built-in automated document analysis based on AWS natural language processing and machine learning analytics to confirm key criteria are addressed.

  • Icon remediate health

    Built-in Remediation Guidance

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

  • Icon risk assessment gold

    Risk Reporting

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

  • Icon compliance gold

    Compliance Reporting

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

Minimize Risk After the Contract Ends

Download the Vendor Offboarding Checklist to gauge your program against 40+ recommended offboarding tasks.

Read Now
Featured resource vendor offboarding checklist

Who Wins

  • Procurement

    Ensure offboarded vendors do not create the potential for risk by leveraging a programmatic process for assessing third parties at contract termination.

    > More procurement and sourcing benefits

  • IT Security

    Reduce the risk of a post-contract breach with visibility into data access, physical and virtual security controls, and built-in remediation guidance.

    > More IT security benefits

  • Risk Management

    Centralize the management of risks throughout the vendor lifecycle.

    > More risk management benefits

 Datasheet Advisory Consulting Services

We appreciate not only the platform, but also the willingness to stand behind it and enhance it with human interaction.

— Information Security Analyst, Financial Services Company

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