Prevalent: Prevalent Large Enterprise Customers

Prevalent Customer Fact

Euromoney Institutional Investor also evaluated CyberGRX, OneTrust, SecurityScorecard, and ServiceNow before choosing Prevalent.

Prevalent Customer Testimonial

Prevalent Delivers Automation for Third-Party Risk Management

We now have a way to automate our assessments. We can now create detailed reports on each vendor and track our remediation efforts much more easily and in one place. The automated system saves us lots of time with communications and completed assessment reminders.

— Security Manager, Large Enterprise Pharmaceuticals Company

Prevalent Customer Testimonial

Prevalent Helps Get Results Faster

Helps enable quicker conversation between us and the vendor. Helps quantify the risk.

— Risk Manager, Large Enterprise Automotive & Transport Company

Prevalent Case Study

Large Enterprise Retail Company

Introduction

This case study of a large enterprise retail company is based on an October 2019 survey of Prevalent customers by TechValidate, a 3rd-party research service. The profiled company asked to have their name blinded to protect their confidentiality.

Challenges

The business challenges that led the profiled company to evaluate and ultimately select Prevalent:

Top driver for purchasing their Prevalent third-party risk management solution:
- Reduce operational burden (the process of assessing and evaluating vendors took too much time and resources)
Challenges that deploying Prevalent solved for their organization:
- A lack of automation in collecting and analyzing vendor surveys
- Having no centralization of TPRM functions
- An inconsistent methodology for vendor risk management
Vendors evaluated before choosing Prevalent:
- OneTrust
- Riskonnect

Use Case

Regulations or industry frameworks they must regularly report against:
- GDPR
- PCI
- CIS CSC Top 20
Looking to grow the number of vendors they assess in the next 12 months by 0-10%.

Results

The surveyed company achieved the following results with Prevalent:

The following Prevalent capabilities in terms of how differentiated they are compared to the competition:
- Breadth of available surveys: differentiated
- Centralized document/evidence management: differentiated
- Create tasks, flags, and risks based on results of assessment responses in risk register: differentiated
- Identify key controls and apply reporting to the most critical relevant risks: differentiated
- In-solution communication with suppliers on remediating risks: differentiated
- Map results to regulatory and industry frameworks like ISO, NIST, GDPR, CoBiT 5, SSAE 18, SIG, SIG Lite, NYDFS for reporting purposes: differentiated
- Identify and visualize relationships between entities to demonstrate dependencies and flows of information: differentiated
- User dashboard of tasks, schedules, risk activities, survey completion status, agreements, and documents: differentiated

Prevalent Case Study

Large Enterprise Professional Services Company

Introduction

This case study of a large enterprise professional services company is based on an October 2019 survey of Prevalent customers by TechValidate, a 3rd-party research service. The profiled company asked to have their name blinded to protect their confidentiality.

Challenges

The business challenges that led the profiled company to evaluate and ultimately select Prevalent:

Top driver for purchasing their Prevalent third-party risk management solution:
- Compliance – reporting against specific regulatory or industry framework requirements
Challenge that deploying Prevalent solved for their organization:
- A limited ability to continuously monitor vendors

Use Case

Regulation or industry framework they must regularly report against:
- ISO 27001
Looking to grow the number of vendors they assess in the next 12 months by 11-25%.

Results

The surveyed company achieved the following results with Prevalent:

The following Prevalent capabilities in terms of how differentiated they are compared to the competition:
- Assessment scheduling and automated chasing reminders: differentiated
- Automated risk and compliance register: differentiated
- Centralized document/evidence management: differentiated
- Create tasks, flags, and risks based on results of assessment responses in risk register: differentiated
- Identify key controls and apply reporting to the most critical relevant risks: differentiated
- In-solution communication with suppliers on remediating risks: differentiated
- Scan third-party networks and apply business intelligence to provide and “outside-in” weighted score of risks: differentiated
- Map results to regulatory and industry frameworks like ISO, NIST, GDPR, CoBiT 5, SSAE 18, SIG, SIG Lite, NYDFS for reporting purposes: differentiated
- Identify and visualize relationships between entities to demonstrate dependencies and flows of information: differentiated
- User dashboard of tasks, schedules, risk activities, survey completion status, agreements, and documents: differentiated
How long it took to complete an assessment:
- Before deploying Prevalent: more than a month
- After deploying Prevalent: 2-3 weeks
Saved several days per assessment on average by utilizing the Prevalent Platform.

Prevalent Case Study

Large Enterprise Media & Entertainment Company

Introduction

This case study of a large enterprise media & entertainment company is based on an October 2019 survey of Prevalent customers by TechValidate, a 3rd-party research service. The profiled company asked to have their name blinded to protect their confidentiality.

Challenges

The business challenges that led the profiled company to evaluate and ultimately select Prevalent:

Top driver for purchasing their Prevalent third-party risk management solution:
- Reduce operational burden (the process of assessing and evaluating vendors took too much time and resources)
Challenges that deploying Prevalent solved for their organization:
- A lack of automation in collecting and analyzing vendor surveys
- A limited ability to continuously monitor vendors
- A lack of insights to make risk-based decisions
- An inability to share completed assessment content and supporting evidence to more quickly identify risks and vulnerabilities
Vendors evaluated before choosing Prevalent:
- BitSight
- SecurityScorecard

Use Case

Regulations or industry frameworks they must regularly report against:
- GDPR
- PCI
Looking to grow the number of vendors they assess in the next 12 months by more than 25%+.

Results

The surveyed company achieved the following results with Prevalent:

The following Prevalent capabilities in terms of how differentiated they are compared to the competition:
- Breadth of available surveys: differentiated
- Assessment scheduling and automated chasing reminders: differentiated
- Automated risk and compliance register: differentiated
- Centralized document/evidence management: differentiated
- Create tasks, flags, and risks based on results of assessment responses in risk register: differentiated
- Identify key controls and apply reporting to the most critical relevant risks: differentiated
- In-solution communication with suppliers on remediating risks: differentiated
- scan third-party networks and apply business intelligence to provide and “outside-in” weighted score of risks: differentiated
- Map results to regulatory and industry frameworks like ISO, NIST, GDPR, CoBiT 5, SSAE 18, SIG, SIG Lite, NYDFS for reporting purposes: differentiated
- Identify and visualize relationships between entities to demonstrate dependencies and flows of information: differentiated
- User dashboard of tasks, schedules, risk activities, survey completion status, agreements, and documents: differentiated
Saved 1 day per assessment on average by utilizing the Prevalent Platform.

Prevalent Case Study

Euromoney Institutional Investor

Introduction

This case study of Euromoney Institutional Investor is based on an October 2019 survey of Prevalent customers by TechValidate, a 3rd-party research service.

Challenges

The business challenges that led the profiled company to evaluate and ultimately select Prevalent:

Top driver for purchasing their Prevalent third-party risk management solution:
- Stronger cybersecurity, to ensure that third parties do not introduce cyber risks that could negatively impact the business
Challenges that deploying Prevalent solved for their organization:
- A lack of automation in collecting and analyzing vendor surveys
- A limited ability to continuously monitor vendors
- Having no centralization of TPRM functions
Vendors evaluated before choosing Prevalent:
- CyberGRX
- OneTrust
- SecurityScorecard
- ServiceNow

Use Case

Regulations or industry frameworks they must regularly report against:
- GDPR
- ISO 27001
- PCI
Looking to grow the number of vendors they assess in the next 12 months by more than 25%+.

Results

The surveyed company achieved the following results with Prevalent:

The following Prevalent capabilities in terms of how differentiated they are compared to the competition:
- Breadth of available surveys: differentiated
- Assessment scheduling and automated chasing reminders: differentiated
- Automated risk and compliance register: very differentiated
- Create tasks, flags, and risks based on results of assessment responses in risk register: differentiated
- Map results to regulatory and industry frameworks like ISO, NIST, GDPR, CoBiT 5, SSAE 18, SIG, SIG Lite, NYDFS for reporting purposes: very differentiated
- Identify and visualize relationships between entities to demonstrate dependencies and flows of information: very differentiated
- User dashboard of tasks, schedules, risk activities, survey completion status, agreements, and documents: very differentiated
How long it took to complete an assessment:
- Before deploying Prevalent: 2-3 weeks
- After deploying Prevalent: 1-2 weeks
Saved 1 day per assessment on average by utilizing the Prevalent Platform.

Prevalent Case Study

Large Enterprise Pharmaceuticals Company

Introduction

This case study of a large enterprise pharmaceuticals company is based on an October 2019 survey of Prevalent customers by TechValidate, a 3rd-party research service. The profiled company asked to have their name blinded to protect their confidentiality.

“We now have a way to automate our assessments. We can now create detailed reports on each vendor and track our remediation efforts much more easily and in one place. The automated system saves us a lot of time with communications and completed assessment reminders.”

Challenges

The business challenges that led the profiled company to evaluate and ultimately select Prevalent:

Top drivers for purchasing their Prevalent third-party risk management solution:
- Compliance – reporting against specific regulatory or industry framework requirements
- Stronger cybersecurity, to ensure that third parties do not introduce cyber risks that could negatively impact the business
- Reduce operational burden (the process of assessing and evaluating vendors took too much time and resources)
- Greater risk-based intelligence
Challenges that deploying Prevalent solved for their organization:
- A lack of automation in collecting and analyzing vendor surveys
- A limited ability to continuously monitor vendors
- A lack of insights to make risk-based decisions
- A lack of guidance in addressing industry standards or third-party regulatory compliance requirements for cyber risk, InfoSec, or data privacy
- An inability to share completed assessment content and supporting evidence to more quickly identify risks and vulnerabilities
Vendors evaluated before choosing Prevalent:
- ServiceNow
- ThirdPartyTrust

Use Case

Regulations or industry frameworks they must regularly report against:
- HIPAA
- NIST 800-53
- PCI
Looking to grow the number of vendors they assess in the next 12 months by more than 25%+.

Results

The surveyed company achieved the following results with Prevalent:

The following Prevalent capabilities in terms of how differentiated they are compared to the competition:
- Breadth of available surveys: very highly differentiated
- Assessment scheduling and automated chasing reminders: differentiated
- Automated risk and compliance register: very highly differentiated
- Centralized document/evidence management: differentiated
- Create tasks, flags, and risks based on results of assessment responses in risk register: very differentiated
- Identify key controls and apply reporting to the most critical relevant risks: very differentiated
- In-solution communication with suppliers on remediating risks: very highly differentiated
- Scan third-party networks and apply business intelligence to provide and “outside-in” weighted score of risks: differentiated
- Map results to regulatory and industry frameworks like ISO, NIST, GDPR, CoBiT 5, SSAE 18, SIG, SIG Lite, NYDFS for reporting purposes: very differentiated
- Identify and visualize relationships between entities to demonstrate dependencies and flows of information: very differentiated
- User dashboard of tasks, schedules, risk activities, survey completion status, agreements, and documents: very highly differentiated
How long it took to complete an assessment:
- Before deploying Prevalent: more than a month
- After deploying Prevalent: 2-3 weeks
Saved more than 1 week per assessment on average by utilizing the Prevalent Platform.

Prevalent Case Study

Large Enterprise Professional Services Company

Introduction

This case study of a large enterprise professional services company is based on an October 2019 survey of Prevalent customers by TechValidate, a 3rd-party research service. The profiled company asked to have their name blinded to protect their confidentiality.

Challenges

The business challenges that led the profiled company to evaluate and ultimately select Prevalent:

Top drivers for purchasing their Prevalent third-party risk management solution:
- Compliance – reporting against specific regulatory or industry framework requirements
- Reduce operational burden (the process of assessing and evaluating vendors took too much time and resources)
Challenges that deploying Prevalent solved for their organization:
- A limited ability to continuously monitor vendors
- An inability to share completed assessment content and supporting evidence to more quickly identify risks and vulnerabilities
Vendors evaluated before choosing Prevalent:
- Dell RSA Archer

Use Case

Regulations or industry frameworks they must regularly report against:
- ISO 27001

Results

The surveyed company achieved the following results with Prevalent:

The following Prevalent capabilities in terms of how differentiated they are compared to the competition:
- Create tasks, flags, and risks based on results of assessment responses in risk register: differentiated
- Identify key controls and apply reporting to the most critical relevant risks: differentiated
- Scan third-party networks and apply business intelligence to provide and “outside-in” weighted score of risks: differentiated

Prevalent Case Study

Large Enterprise Retail Company

Introduction

This case study of a large enterprise retail company is based on an October 2019 survey of Prevalent customers by TechValidate, a 3rd-party research service. The profiled company asked to have their name blinded to protect their confidentiality.

“With Prevalent, my organization has been able to redirect resources previously dedicated to collecting and analyzing vendor-submitted questionnaires and evidence to other activities.”

Challenges

The business challenges that led the profiled company to evaluate and ultimately select Prevalent:

Top drivers for purchasing their Prevalent third-party risk management solution:
- Stronger cybersecurity, to ensure that third parties do not introduce cyber risks that could negatively impact the business
- Reduce operational burden (the process of assessing and evaluating vendors took too much time and resources)
- Greater risk-based intelligence
Challenges that deploying Prevalent or 3GRC solved for their organization:
- A lack of automation in collecting and analyzing vendor surveys
- A limited ability to continuously monitor vendors
- A lack of insights to make risk-based decisions

Use Case

Regulations or industry frameworks they must regularly report against:
- GDPR
Looking to grow the number of vendors they assess in the next 12 months by more than 25%+.

Results

The surveyed company achieved the following results with Prevalent:

The following Prevalent capabilities in terms of how differentiated they are compared to the competition:
- Breadth of available surveys: differentiated
- Assessment scheduling and automated chasing reminders: very differentiated
- Automated risk and compliance register: very differentiated
- Centralized document/evidence management: very highly differentiated
- Create tasks, flags, and risks based on results of assessment responses in risk register: differentiated
- In-solution communication with suppliers on remediating risks: differentiated
- Scan third-party networks and apply business intelligence to provide and “outside-in” weighted score of risks: differentiated
- User dashboard of tasks, schedules, risk activities, survey completion status, agreements, and documents: differentiated
How long it took to complete an assessment:
- Before deploying Prevalent: 1-2 weeks
- After deploying Prevalent: less than 1 week
Saved more than 1 week per assessment on average by utilizing the Prevalent Platform.

Prevalent Case Study

Large Enterprise Automotive & Transport Company

Introduction

This case study of a large enterprise automotive & transport company is based on an October 2019 survey of Prevalent customers by TechValidate, a 3rd-party research service. The profiled company asked to have their name blinded to protect their confidentiality.

“Helps enable quicker conversation between us and the vendor. Helps quantify the risk.”

Challenges

The business challenges that led the profiled company to evaluate and ultimately select Prevalent:

Challenges that deploying Prevalent or 3GRC solved for their organization:
- A lack of automation in collecting and analyzing vendor surveys
- A limited ability to continuously monitor vendors
- A lack of insights to make risk-based decisions
- A lack of guidance in addressing industry standards or third-party regulatory compliance requirements for cyber risk, InfoSec, or data privacy
- An inability to share completed assessment content and supporting evidence to more quickly identify risks and vulnerabilities
- Having no centralization of TPRM functions
- An inconsistent methodology for vendor risk management

Use Case

Regulations or industry frameworks they must regularly report against:
- GDPR
Looking to grow the number of vendors they assess in the next 12 months by 11-25%.

Results

The surveyed company achieved the following results with Prevalent:

Top drivers for purchasing their Prevalent third-party risk management solution:
- Reduce operational burden (the process of assessing and evaluating vendors took too much time and resources)
- Greater risk-based intelligence

Prevalent Large Enterprise Customers

Read how large enterprises are benefiting from the Prevalent third-party risk management platform.

Prevalent Delivers Automation for Third-Party Risk Management

Prevalent Helps Get Results Faster

Large Enterprise Retail Company

Introduction

Challenges

Use Case

Results

Company Profile

About Prevalent

Large Enterprise Professional Services Company

Introduction

Challenges

Use Case

Results

Company Profile

About Prevalent

Large Enterprise Media & Entertainment Company

Introduction

Challenges

Use Case

Results

Company Profile

About Prevalent

Euromoney Institutional Investor

Introduction

Challenges

Use Case

Results

Company Profile

About Prevalent

Large Enterprise Pharmaceuticals Company

Introduction

Challenges

Use Case

Results

Company Profile

About Prevalent

Large Enterprise Professional Services Company

Introduction

Challenges

Use Case

Results

Company Profile

About Prevalent

Large Enterprise Retail Company

Introduction

Challenges

Use Case

Results

Company Profile

About Prevalent

Large Enterprise Automotive & Transport Company

Introduction

Challenges

Use Case

Results

Company Profile

About Prevalent