Assess and continuously monitor your supply chain partners for diversity and hiring practices
Doing business with third parties in a more socially conscious world means ensuring that vendors not only adhere to national labor laws and standards, but also that their employee base accurately reflects society as a whole.
However, most third-party risk management products focus solely on cybersecurity risks and ignore diversity and inclusion issues, which can lead to customer losses and reputational damage.
The Prevalent Third-Party Risk Management Platform includes capabilities to assess third parties against diversity and inclusion-in-hiring practices. It also features built-in integration with continuous reputational, and compliance insights to validate assessment results.
Key Benefits
- Gain visibility into a supply chain partner’s hiring equity practices
- Automate assessments with diversity questionnaires that are backed by validation from continuous, real-world monitoring
- Get ahead of potential business disruptions by leveraging continuous supplier reputation intelligence
- Speed diversity reporting with built-in templates
Key Features
Supplier Pre-Screening
Rapidly pre-screen vendors using a library of continuously updated risk scores based on inherent/residual risk, assessment results and real-time reputational monitoring.
Contract Lifecycle Management
Centralize the onboarding, distribution, discussion, retention, and review of vendor contracts, and leverage workflow to automate the contract lifecycle, ensuring enforcement of diversity requirements.
Comprehensive Supplier Profile
Tap into 550,000+ sources of vendor intelligence to build a comprehensive supplier profile that includes industry and business insights.
Inherent Risk Scoring
Use a simple assessment with clear scoring to track and quantify inherent risks and chart the right path for a complete diversity assessment.
Risk Assessment Library
Leverage 200+ assessment templates, including industry-standard questionnaires, the Prevalent Compliance Framework (PCF), and customizable questionnaires to assess against diversity criteria.
Diversity Risk Review
Review and approve assessment responses to automatically register risks, or reject responses and request additional input.
Operational Updates
Access qualitative insights from over 550,000 public and private sources of operational information, including M&A activity, business news, management and leadership changes, competitive news, new offerings, operational updates, and more.
Adverse Media Screening
View consolidated adverse media and negative news coverage sourced from 30,000 global news sources.
Central Risk Register
Normalize, correlate and analyze assessment results and continuous monitoring intelligence for unified reporting and remediation.
Virtual Third-Party Risk Advisor
Leverage a conversational AI trained on billions of events and more than 20 years of experience to deliver expert risk management insights in the context of industry guidelines such as NIST, ISO, SOC 2 and others.
Built-in Remediation Guidance
Take actionable steps to reduce vendor risk with built-in remediation recommendations and guidance.
Document & Evidence Management
Store and manage diversity, hiring and other related policy documents, evidence and more for dialog and attestation. Leverage built-in automated document analysis based on AWS natural language processing and machine learning analytics to confirm key criteria are addressed.
Compliance Reporting
Visualize and address compliance requirements by automatically mapping assessment results to any regulation or framework.
Schedule a free, personalized solution demonstration to see if Mitratech Prevalent is a fit for you.
Who Wins
Procurement
Centrally manage vendors and monitor their performance against contractually established SLAs and KPIs using a customizable survey with built-in workflows.
IT Security
Get unparalleled insights into risk trends, status and outliers with the latest machine learning analytics, leveraging from the most risk intelligence sources available.
Risk Management
See which vendors pose the most risks and in what areas, helping to align your overall enterprise risk management strategy.
