TechValidate Research on Prevalent

The business challenges that led the profiled organization 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 or 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
  • Having no centralization of TPRM functions
• Vendor evaluated before choosing Prevalent:
  • AdaptiveGRC

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