Unify third-party risk management with operational risk management
Chief Risk Officers (CROs), risk managers and risk analysts are tasked with managing risks to a level acceptable to the business. To achieve this goal, risk management teams must assess multiple types of risk across the organization – including from third parties. However, most organizations treat risk management in silos and use insufficient, manual processes to collect, collate and score risks. This results in third-party risk scoring and management practices that are inconsistent with other operational risk management initiatives.
Prevalent automates the collection and analysis of vendor risk information and applies a consistent scoring model that can be leveraged across the organization. With a built-in API to integrate with GRC solutions, the Prevalent TPRM Platform enables risk management teams to unify disparate practices for centralized risk mitigation and remediation.
Principales ventajas
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Unify vendor risk with other organizational risk management initiatives by integrating Prevalent TPRM with your GRC platform
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Gain real-time visibility into third-party risks to fill gaps between regular assessments
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Improve efficiency by automating risk assessments and eliminating cumbersome, spreadsheet-based processes
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Simplify risk management reporting across the organization with built-in templates
Key Capabilities
Automated Onboarding
Import vendors via a spreadsheet template or through an API connection to your existing procurement solution, eliminating error-prone, manual processes.
Calificación del riesgo inherente
Use a simple assessment with clear scoring to capture, track and quantify inherent risks for all third parties.
Profiling & Tiering
Automatically tier suppliers according to their inherent risk scores, set appropriate levels of diligence, and determine the scope and frequency of assessments.
Categorization
Categorize vendors with rule-based logic based on a range of data interaction, financial, regulatory and reputational considerations.
Biblioteca de evaluación de riesgos
Leverage 200+ standardized risk assessment surveys, a custom survey creation wizard, and a questionnaire that maps responses to compliance regulations and frameworks.
Control continuo
Monitor the Internet and dark web for cyber threats and vulnerabilities, as well as public and private sources of reputational, sanctions and financial information to fill gaps between periodic risk assessments.
Registros automatizados de riesgos y cumplimiento normativo
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.
Puntuación y análisis de riesgos
Quickly gauge the impact of vendor risks with consolidated views of risk ratings, counts, scores and flagged responses for each vendor.
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.
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.
Integrate with GRC Solutions
Maximize the value of your organization’s GRC solution by connecting it to the Prevalent TPRM Platform using a built-in API connector.
Orientación integrada para la remediación
Tome medidas prácticas para reducir el riesgo de los proveedores con recomendaciones y orientación integradas para la corrección.
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.
Data & Relationship Mapping
Identify relationships between your organization and third parties to discover dependencies and visualize information paths.
Baja y despido
Leverage customizable offboarding surveys and workflows report on system access, data destruction, access management, compliance with all relevant laws, final payments, and more.
Who Benefits
from Prevalent
TPRM Solutions
Learn how Prevalent helps security, risk
management, privacy, procurement, audit and
legal teams reduce vendor and supplier risk in
their organizations.
Related Solutions
Third-Party Risk Management Platform
Automate the identification, analysis and remediation of vendor security risks with a centralized solution.
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.
