Continuously monitor for vendor operational updates
There is more to third-party risk than cybersecurity concerns. For example, financial instability can affect a vendor’s ability to deliver parts and services. A visit from OSHA can close a facility. A negative regulatory finding or ethics investigation can distract management and have potential ramifications for your business.
While it’s essential to stay on top of events that create vendor risk, the news tends to get drowned out by cybersecurity breaches. It’s therefore no surprise that most third-party risk management solutions fail to deliver important financial and reputational intelligence to their customers.
The Prevalent Third-Party Risk Management Platform continuously monitors public and private sources of reputational, sanctions and financial information, delivering the insights and reporting needed to stay ahead of potential supplier disruptions.
Key Benefits
- Gain centralized, comprehensive financial and reputational insights from thousands of sources
- Reduce procurement costs by leveraging built-in financial, reputational and business insights without requiring additional tools
- Make informed procurement decisions with extensive reputational and financial intelligence
Key Features
Comprehensive Supplier Profile
Tap into 550,000+ sources of vendor intelligence to build a comprehensive supplier profile that includes industry and business insights and maps 4th-party relationships.
Operational Updates
Avoid working with corrupt businesses and individuals by screening them against an extensive database of profiles linked to illicit activities. By consolidating intelligence from 30,000 global news sources, Prevalent enables fast and comprehensive screening to protect your company and its reputation.
Financial & Credit Monitoring
Tap into financial information from a global network of millions of businesses across 160+ countries. Access 5 years of financial performance data, including turnover, profit and loss, shareholder funds, credit ratings, payment history, bankruptcies, investments, and more. Screen new vendors and monitor existing vendors for informed sourcing decisions.
Adverse Media Screening
View consolidated adverse media and negative news coverage sourced from 30,000 global news sources.
Global Sanctions Monitoring
Simultaneously screen against the world’s most important sanctions lists (including OFAC, EU, UN, BOE, FBI, BIS, etc.), over 1,000 global enforcement lists, and court filings (such as the FDA, US HHS, UK FSA, SEC and more) to proactively identify prohibited business relationships.
Politically Exposed Persons (PEP) Screening
Screen against a global PEP database with access to over 1.8 million politically exposed person profiles, including families and associates, to instantly identify potential leadership risks.
Corruption Perception Index Scoring
Corruption Perception Index (CPI) scores of company head office countries add more business context to vendor risk analysis by delivering insights into a vendor’s viability and ethics.
State-Owned Enterprise Screening
Avoid conflicts of interest by checking companies against a proprietary list of government-owned and government-linked enterprises.
Central Risk Register
Normalize, correlate and analyze assessment results and continuous monitoring intelligence for unified reporting and remediation.
Built-in Remediation Guidance
Take actionable steps to reduce vendor risk with built-in remediation recommendations and guidance.
Relationship Mapping
Identify relationships between your organization and third, fourth and Nth parties to discover dependencies risks in your extended vendor ecosystem.
Compliance Reporting
Visualize and address compliance requirements by automatically mapping assessment results to any regulation or framework.
Risk Reporting
Identify, alert and communicate exceptions to common behavior with built-in report templates.
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.
