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 »



109 Customers Surveyed

802 Data Points Collected

78 Published TechFacts

15 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 Customer Research

What were the top drivers for purchasing your Prevalent third-party risk management solution?

Reduce operational burden: The process of assessing and evaluating vendors took too much time and resources
61%
Stronger cybersecurity: Ensuring that third parties do not introduce cyber risks that could negatively impact the business
53%
Compliance: Reporting against specific regulatory or industry framework requirements
50%
Risk: The need for greater risk-based intelligence
44%

Prevalent Case Study

Medium Enterprise Professional Services Company

Introduction

This case study of a medium enterprise professional services company is based on a June 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.

“Allows us to access vendor cybersecurity information from a single source that is reliable.”

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
  • 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:
    • Cybersecurity
    • Data Privacy

Results

  • Prevalent is critical on the following vendor lifecycle stages:
    • Sourcing and selection of vendors: critical
      **Intake and vendor onboarding: very Important
    • Scoring inherent risks: very Important
    • Assessing vendors and remediating risks: very Important
    • Continuously monitoring for vendor cybersecurity, reputational and financial risks: 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: strongly agree

Prevalent Case Study

State & Local Government

Introduction

This case study of a state & local government is based on a July 2021 survey of Prevalent customers by TechValidate, a 3rd-party research service. The profiled organization asked to have their name blinded to protect their confidentiality.

“It gives an accurate and measurable look at our vendors from a 3rd party risk management view.”

Challenges

  • Their primary vendor risk assessment pain points were:
    • Cost

Use Case

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

Results

  • Level of agreement:
    • Prevalent provides the inherent risk visibility they need to focus on specific areas of their vendors’ risks: strongly 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 is critical on the following vendor lifecycle stages:
    • Sourcing and selection of vendors: important
    • Intake and vendor onboarding: important
    • Scoring inherent risks: critical
    • Assessing vendors and remediating risks: essential
    • Continuously monitoring for vendor cybersecurity, reputational and financial risks: critical
    • Managing ongoing vendor performance and SLAs: very Important
    • Offboarding and termination of vendors: very 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: agree
    • Prevalent reduced the time and complexity required to perform vendor risk assessments: agree

Prevalent Customer Testimonial

Makes our jobs easier.

Engineer, Large Enterprise Professional Services Company

Prevalent Customer Research

Prevalent Delivers Significant Time Savings in Vendor Sourcing & Selection

In your best estimate, how much time do you spend on vendor sourcing and selection?

Less than 1 hour per vendor 2-4 hours per vendor 4+ hours per vendor 1 day+ per vendor 1 week or more per vendor
Before Prevalent

0%

9%

8%

25%

58%

Since Prevalent

0%

35%

15%

31%

19%

Prevalent Customer Testimonial

Less time spent sourcing information manually. Allows multiple stakeholders in our enterprise environment (cyber, legal, finance) to have centralized repository.

Security Officer, Medium Enterprise Financial Services Company



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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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