TechValidate Research on Prevalent


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.

“It provides an automated approach to issuing, tracking and ensuring completion of questionnaires.”

Challenges

Their primary vendor risk assessment pain points were:

  • Too much time spent manually onboarding new vendors

Estimated time spent on vendor sourcing and selection:

  • Before Prevalent: 1 week+
  • 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 considered very important for the following vendor lifecycle stages:

  • Intake and vendor onboarding
  • Scoring inherent risks
  • Assessing vendors and remediating risks
  • Continuously monitoring for vendor cybersecurity, reputational and financial risks

Agrees with Prevalent’s abilities and results:

  • 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




About This Data

This data was sourced directly from verified users of Prevalent by TechValidate.

TechValidate verifies the identity and organizational affiliation of all participants that contribute to published research data. When research participants so desire, we also guarantee their anonymity so that they may share information honestly and freely.


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