Prevalent is considered important in the following vendor lifecycle stages:
- Sourcing and selection of vendors
- 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
- Prevalent allows us to do our job more effectively
- Prevalent’s vendor risk assessment process is invaluable to our group
- Prevalent reduced the time and complexity required to perform vendor risk assessments