Prevalent is critical on 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
- Managing ongoing vendor performance and SLAs
- Offboarding and termination of vendors
Agrees with Prevalent’s abilities and results:
- 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
- Prevalent provides the inherent risk visibility they need to focus on specific areas of their vendors’ risks
- Prevalent provides the real-time cybersecurity, reputational and financial intelligence they need
- Prevalent provides the inherent risk visibility they need to focus on specific areas of their vendors’ risks
- Prevalent provides a programmatic process to offboard vendors that reduces risk