Prevalent: ROI from Using Prevalent

Prevalent Customer Research

Customers Reduce the Hours Required to Manage Vendors Assessments by 50%

On average, how much time was/is devoted – per vendor – to sending assessments, finding and interacting with contacts, and verifying that questions were adequately answered?

	1 hour or less per vendor	2-3 hours per vendor	4-5 hours per vendor	6-8 hours per vendor	More than 8 hours per vendor
Prior to using Prevalent	12%	22%	22%	22%	22%
Since using Prevalent	38%	31%	31%	0%	0%

Prevalent Customer Research

Using Prevalent Accelerates Assessment Completion by 8 Days on Average

What is/was the typical turnaround time from assessment submission to receiving an adequately completed assessment?

	1 day or less per assessment	2-5 days per assessment	6-10 days per assessment	11-20 days per assessment	More than 20 days per assessment
Prior to using Prevalent	0%	0%	0%	25%	75%
Since using Prevalent	0%	8%	54%	38%	0%

Prevalent Customer Research

Prevalent Customers Get More Done with the Same – or Fewer – Resources

Which of the following statements below do you agree with now that you are utilizing Prevalent?

With the same resources, we are now able to spend time mitigating risks as opposed to validating information. We are focused on the right things.	64%
We require fewer resources dedicated to collecting and analyzing questionnaires and vendor-submitted evidence.	29%
My organization has been able to redirect resources previously dedicated to collecting and analyzing vendor-submitted questionnaires and evidence to other activities.	14%

Prevalent Customer Testimonial

Prevalent Improves Team Productivity

It made things a lot easier to manage. Taking over the program they had in place quickly boosted organization and productivity.

— Jacob Gregoire, Security Officer, Wright Express Corporation

Prevalent Customer Testimonial

Prevalent Simplifies Audits

Our assessment process is now managed all within Prevalent. This makes the data available very easily for the business owners when asked. We also have all the pieces of the assessment within the product for audit purposes. Having the documentation time-stamped makes evidence available for auditors.

— IT Systems Analyst, Global 500 Pharmaceuticals Company

Prevalent Customer Testimonial

Prevalent Makes Third-Party Risk Assessments Repeatable

Prevalent has enabled me to perform repeatable vendor risk assessments.

— IT Director, Medium Enterprise Legal Company

Prevalent Customer Testimonial

Prevalent Delivers Confidence and Insights

We are now able to properly conduct risk assessments, both internal and external, leveraging this fantastic platform. It gives us a level of confidence previously lacking in vendor onboarding and contracting, as well as valuable insights into how our data is being collected, processed and stored at our key providers.

— Eric Valdes, VP, Technology & Security, First Protocol Inc., d/b/a FIRST

Prevalent Customer Testimonial

Prevalent helps simplify interactions directly with each vendor.

— Security Manager, Large Enterprise Professional Services Company

Prevalent Customer Testimonial

Prevalent helps with information gathering and organization.

— Chief Security Officer, Medium Enterprise Professional Services Company

Prevalent Customer Testimonial

It’s abundantly clear that Prevalent services are going to be critical in our partnership with our vendors.

— Bill McKown, IT Program Manager, StHealth Benefit Solutions

Prevalent Customer Testimonial

The quality of our vendor risk management program has improved significantly by using Prevalent.

— Chief Information Officer, Large Enterprise Professional Services Company

Prevalent Customer Testimonial

Prevalent Adds Consistency and Repeatability to Third-Party Risk Programs

Prevalent has helped make it consistent and tracking down each vendor saves time and focus on what matters.

— Security Officer, Large Enterprise Professional Services Company

Prevalent Customer Research

58% of Customers Report Growing the Number of Assessments Up to 25% Next Year Due to the Value Prevalent Provides

If you are looking to grow the number of vendors you assess in the next year, by how much?

We are not planning to grow the number of vendors we are assessing in the next year.	43%
1-10%	29%
11-25%	29%
More than 25%	0%

Prevalent Customer Statistic

89% of surveyed IT organizations would agree that Prevalent reduced the time and complexity required to perform vendor risk assessments.

89%

Prevalent Customer Statistic

Prevalent Simplifies Third-Party Risk Management to Save Time

87% of surveyed IT organizations reduced their time spent per assessment by 51% or more using Prevalent.

87%

Prevalent Customer Testimonial

Makes our jobs easier.

— Engineer, Large Enterprise Professional Services Company

Prevalent Customer Testimonial

Streamlined the process.

— Robert Fernandes, Chief Security Officer, The Investment Center

Prevalent Customer Testimonial

Prevalent reduced time

— Chief Security Officer, Large Enterprise Professional Services Company

Prevalent Customer Testimonial

Prevalent has streamlined the vendor questionnaire process.

— Tracey Gernon, IT Governance and Cyber Risk Manager, Utmost Limited

Prevalent Customer Testimonial

Significant reduction in effort reviewing and analyzing vendor due diligence surveys.

— Risk Manager, Large Enterprise Insurance Company

ROI from Using Prevalent

Read how customers are gaining measurable return on investment in their third-party risk management programs by using Prevalent.

Customers Reduce the Hours Required to Manage Vendors Assessments by 50%

Using Prevalent Accelerates Assessment Completion by 8 Days on Average

Prevalent Customers Get More Done with the Same – or Fewer – Resources

Prevalent Improves Team Productivity

Prevalent Simplifies Audits

Prevalent Makes Third-Party Risk Assessments Repeatable

Prevalent Delivers Confidence and Insights

Prevalent Adds Consistency and Repeatability to Third-Party Risk Programs

58% of Customers Report Growing the Number of Assessments Up to 25% Next Year Due to the Value Prevalent Provides

Prevalent Simplifies Third-Party Risk Management to Save Time