Simplify auditing and reporting for third-party risk management regulatory compliance
Several government regulations and industry frameworks require organizations to demonstrate controls related to third-party access to systems and data. Yet, most Chief Compliance Officers (CCOs), compliance auditors and risk managers struggle to identify risks, map them to regulatory requirements, and enforce remediations. This is often a result of manual, spreadsheet-based approaches to third-party risk management.
Prevalent automates third-party risk management compliance auditing using a single platform to collect vendor risk information, quantify risks, recommend remediations and provide reporting templates for over 30 government regulations and industry frameworks. With Prevalent, auditors can establish a program to efficiently achieve and demonstrate compliance.
Principales ventajas
- Unify all third-party risk management activities with single solution for faster, easier assessments with clear reporting
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Get up-to-the-minute insights regarding regulatory changes with automatically updated questionnaires and guidance
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Simplify and speed the process of demonstrating compliance using built-in reporting templates
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Efficiently manage all third parties in a single system of record
Características principales
Maturity Assessment
Evaluate the health of your third-party program and identify opportunities for improvement by benchmarking it against best practices for comprehensive third-party risk management. Get clear scores for each TPRM objective with supporting milestones.
Operations Manual
Ensure a consistent, programmatic approach to TPRM with an operations manual that is customized to reflect your organization’s internal roles, resources, responsibilities and processes.
Profiling & Tiering
Automatically tier suppliers according to their inherent risk scores, set appropriate levels of diligence, and determine the scope and frequency of ongoing assessments.
Risk Assessment Library
Leverage 200+ standardized assessment templates including GDPR, FCA, PCI-DSS, ISO 27001, CMMC, NIST and Modern Slavery. Use the Prevalent Compliance Framework (PCF) to map results to any compliance regulation or build custom questionnaires with risk and control elements relevant to your business.
Categorization
Categorize vendors with rule-based logic based on a range of data interaction, financial, regulatory and reputational considerations.
Calificación del riesgo inherente
Use a simple assessment with clear scoring to capture, track and quantify inherent risks for all third parties.
Automated Risk & Compliance Registers
Automatically generate a risk register for each vendor upon survey completion. View centralized risk profiles in a real-time reporting dashboard and download or export reports to support compliance efforts.
Asesor virtual de riesgos de terceros
Aproveche una IA conversacional entrenada en miles de millones de eventos y más de 20 años de experiencia para ofrecer conocimientos expertos en gestión de riesgos en el contexto de directrices del sector como NIST, ISO, SOC 2 y otras.
Supervisión de la notificación de sucesos de violación
Acceda a una base de datos con más de 10 años de historial de filtraciones de datos de miles de empresas de todo el mundo. Incluye tipos y cantidades de datos robados; cuestiones de cumplimiento y normativas; y notificaciones de violación de datos de proveedores en tiempo real.
Compliance Report Template Library
Automatically map information gathered from control-based assessments to ISO 27001, NIST, CMMC, GDPR, CoBiT 5, SSAE 18, SIG, SIG Lite, SOX, NYDFS, and other regulatory frameworks to quickly visualize and address important compliance requirements.
Workflow
Built-in discussion tools facilitate communication with suppliers on remediating risk register issues. Capture and audit conversations, records and estimated completion dates; assign tasks based on risks, documents, or entities; and match documentation or evidence against risks.
Gestión de documentos y pruebas
Collaborate on supporting evidence, documents and certifications, such as NDAs, SLAs, SOWs and contracts, with built-in version control, task assignment and auto-review cadences. Manage all documents throughout the vendor lifecycle in centralized vendor profiles.
Orientación integrada para la remediación
Take actionable steps to reduce vendor risk with built-in remediation recommendations and guidance.
Data & Relationship Mapping
Identify relationships between your organization and third parties to discover dependencies and visualize information paths.
Informes de cumplimiento
Visualize and address compliance requirements by automatically mapping assessment results to ABAC requirements.
Related Solutions
Servicios de evaluación de riesgos de proveedores
Outsource risk assessment, analysis and remediation to our managed services team.
Vendor Risk Networks
Access a vast library of completed and standardized vendor risk assessments.
