TechValidate Research on Prevalent

These pages present data that TechValidate has sourced via direct research with verified customers and users of Prevalent. TechValidate stands behind the authenticity of all published data. Learn more »



157 Customers Surveyed

1,130 Data Points Collected

96 Published TechFacts

16 Published Charts

50 Published Case Studies



Featured Research Collections for Prevalent

Curated collections and slideshows of TechValidate research data on Prevalent.



Selected Research Highlights


Prevalent Case Study

Large Enterprise Professional Services Company

Introduction

This case study of a large enterprise professional services company is based on a July 2021 survey of Prevalent customers by TechValidate, a 3rd-party research service. The profiled company asked to have their name blinded to protect their confidentiality.

“It helps us to validate the vendor risks.”

Challenges

  • Their primary vendor risk assessment pain points were:
    • Lack of visibility into the baseline risks with a new vendor
    • No real-time insight into vendor cyber, reputational and/or financial risks
  • Estimated time spent on vendor sourcing and selection:
    • Before Prevalent: 1 week or more
    • Since Prevalent: 1 day+
  • Estimated time spent on vendor intake and onboarding:
    • Before Prevalent: 1 week+
    • Since Prevalent: 1 day+

Use Case

  • Currently assessing their vendors for the following:
    • Business Resilience
    • Cybersecurity
    • Data Privacy

Results

  • Level of agreement:
    • Prevalent provides the inherent risk visibility they need to focus on specific areas of their vendors’ risks: agree
    • Prevalent provides the real-time cybersecurity, reputational and financial intelligence they need: agree
    • Prevalent provides a programmatic process to offboard vendors that reduces risk: agree
  • Prevalent is critical on the following vendor lifecycle stages:
    • Sourcing and selection of vendors: important
    • Intake and vendor onboarding: important
    • Scoring inherent risks: important
    • Assessing vendors and remediating risks: important
    • Continuously monitoring for vendor cybersecurity, reputational and financial risks: important
    • Managing ongoing vendor performance and SLAs: important
    • Offboarding and termination of vendors: important
  • Level of agreement:
    • Prevalent allows us to do our job more effectively: agree
    • Prevalent’s vendor risk assessment process is invaluable to our group: strongly agree
    • Prevalent reduced the time and complexity required to perform vendor risk assessments: agree
    • We have realized major cost savings with Prevalent’s vendor risk management process.: agree

Prevalent Customer Satisfaction Rating

An Engineer at a medium enterprise financial services company would be very likely to recommend Prevalent for this reason:

Prevalent has enabled us to easily accomplish our business goals and we have configured the product for easy scale-out in the future.

Prevalent Case Study

The Investment Center

Introduction

This case study of The Investment Center is based on a June 2021 survey of Prevalent customers by TechValidate, a 3rd-party research service.

“Streamlined the process.”

Challenges

  • Their primary vendor risk assessment pain points were:
    • Too much time spent scouring through disconnected sources of information to make good risk-based vendor selection decisions
    • Too much time spent manually onboarding new vendors
    • Lack of visibility into the baseline risks with a new vendor
    • Complex, manual assessment processes (e.g., using spreadsheets)
    • No real-time insight into vendor cyber, reputational and/or financial risks
    • Lack of insight into vendor success (e.g., measuring whether they live up to their contractual commitments)
  • Estimated time spent on vendor sourcing and selection:
    • Before Prevalent: 1 day+
    • Since Prevalent: 4+ hours
  • Estimated time spent on vendor intake and onboarding:
    **Before Prevalent: 1 week+
    • Since Prevalent: 4+ hours

Use Case

  • Currently assessing their vendors for the following:
    • Business Resilience
    • Cybersecurity
    • Data Privacy
    • Financial & Credit

Results

  • Level of agreement:
    • Prevalent provides the inherent risk visibility they need to focus on specific areas of their vendors’ risks: agree
    • Prevalent provides the real-time cybersecurity, reputational and financial intelligence they need: agree
    • Prevalent provides the inherent risk visibility they need to focus on specific areas of their vendors’ risks: agree
    • Prevalent provides a programmatic process to offboard vendors that reduces risk: agree
  • Prevalent is critical on the following vendor lifecycle stages:
    • Sourcing and selection of vendors: important
    • Intake and vendor onboarding: important
    • Scoring inherent risks: important
    • Assessing vendors and remediating risks: important
    • Continuously monitoring for vendor cybersecurity, reputational and financial risks: important
    • Managing ongoing vendor performance and SLAs: important
    • Offboarding and termination of vendors: important
  • Level of agreement:
    • Prevalent allows us to do our job more effectively: strongly agree
    • Prevalent’s vendor risk assessment process is invaluable to our group: agree
    • Prevalent reduced the time and complexity required to perform vendor risk assessments: agree
    • We have realized major cost savings with Prevalent’s vendor risk management process.: agree

Prevalent Customer Research

Which regulations or industry frameworks must you regularly report against?

GDPR
77%
ISO 27001
70%
PCI
33%
HIPAA
27%
NIST 800-53
20%

Prevalent Customer Research

66% of Customers Report Saving at Least Several Days on Assessments Using the Prevalent Platform

How much time per assessment has your team saved on average by utilizing the Prevalent Platform?

More than 1 week: 22%
About 1 week: 22%
Several days: 22%
1 day: 9%
Other: 26%

Prevalent Customer Satisfaction Rating

Aaron Morford, an IT Security Administrator at Crown Equipment Corporation, would be very likely to recommend Prevalent for this reason:

Prevalent has a nice UI, is easy to use, and contains all the functions of a TPRM that I need. Additionally, the support team has been fantastic.



More to Explore



About Prevalent

Prevalent is helping global organizations manage and monitor the security threats and risks associated with third and fourth-party vendors.

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