Prevalent Utmost Limited

Prevalent Case Study

Utmost Limited

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

“Streamlined the vendor questionnaire process.”

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
- Complex, manual assessment processes (e.g., using spreadsheets)

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: 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