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Use Cases

Hero reporting management

Vendor Reporting & Management

Centrally monitor, manage and report on vendor performance

Effectively reducing vendor risk requires an understanding of how vendors are performing against expectations. However, traditional vendor risk management products are unable to deliver the visibility necessary to manage and track performance across the vendor lifecycle.

Prevalent bridges the gap between procurement, risk and vendor management teams by centrally measuring program effectiveness and analyzing SLAs. This enables you to determine compliance, verify adherence to contract terms, and strengthen vendor negotiations.

Key Benefits

  • Centralize security, vendor performance, SLA monitoring, and compliance reporting across multiple teams through a single reporting and analytics dashboard

  • Automate contract assessment and offboarding processes to reduce risks created by gaps in vendor oversight

  • Spot potential and actual disruptions with proactive supplier performance and SLA monitoring

  • Report against regulatory, legal and industry frameworks with templates for multiple internal stakeholders

Key Features

  • Icon contract flexible license

    Contract Assessment

    Dedicated and custom contract assessment questionnaires identify potential breaches of contract and other risks.

  • Icon survey 2 gold

    Custom Performance Surveys

    Customizable surveys make it easy to gather and analyze necessary performance and contract data in a single risk register.

  • Icon document management file cabinet gold

    Document Management

    Collaborate on documents and certifications, such as NDAs, SLAs, SOWs and contracts, with built-in version control, task assignment and auto-review cadences. Manage all documents throughout the vendor lifecycle in centralized vendor profiles.

  • Icon performance gold

    Performance & SLA Reporting

    Gain visibility into vendor contract status, contact information, risk and compliance status, performance metrics, and more via centralized dashboards, and leverage PowerBI integration for custom reporting.

  • Icon industry risk

    Event Reporting

    Enable vendors to submit proactive event assessments – or issue assessments related to data breaches, notifications and other events – and dynamically adjust vendor risk scores based on the results.

  • Icon stakeholder report

    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 regulatory and industry frameworks.

  • Icon dashboard gold

    KPI Reporting

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

  • Icon offboarding exit gold

    Automated Offboarding

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

Case study finance

We have risk reporting on time when we need to report to the authorities. Consistent reporting metrics is another key benefit.

— S&P 500 Financial Services Company

Read Prevalent Case Studies

Who Wins

  • Procurement

    Centrally manage vendors, monitor their performance against contractually established SLAs and KPIs, and easily offboard them using a customizable survey with built-in workflows.

  • IT Security

    Get unparalleled insights into risk trends, status, and outliers by using the latest in machine learning analytics that draws from the widest number of risk intelligence sources available.

  • Risk Management

    See which vendors pose the most risks and in what areas, helping to align your overall enterprise risk management strategy.

Featured Resources
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