Apr 15, 2020   SOURCE: PR NewsWire

Prevalent Launches First-of-its-Kind Third-Party Risk Management Solution to Help Organizations of Any Size Rapidly Ensure Supply Chain Resilience

PHOENIX, April 15, 2020 /PRNewswire/ -- Prevalent, Inc., the company that transforms how you manage third-party risk, today announced Prevalent TPRM Jump Start, a new solution to help risk teams of any size accelerate their third-party risk management programs with a focus on providing insights and value in 30 days or less. As supply chain security and business resilience have become more important amid COVID-19, companies must ensure that their vendors are secure and can withstand the pressures of today's economic environment.

Prevalent TPRM Jump Start includes two solutions offered as a SaaS service - Discover and Assess - with fixed-price packages of specific capabilities to help organizations quickly automate the processes necessary to assess supply chain resilience.

    --  Prevalent TPRM Jump Start Discover enables organizations to centrally
        manage vendors and quickly determine inherent risk to optimize planning,
        resource allocation and remediation decision-making. With unlimited
        vendors, unlimited users, and unlimited profiling and tiering, Jump
        Start Discover provides enterprise flexibility at scale and is the ideal
        solution for organizations looking to plan, grow, or optimize their
        third-party risk management programs.
    --  Prevalent TPRM Jump Start Assess enables organizations to embrace a
        centralized, automated platform to discover and quantify the residual
        risk of their top vendors in 30 days or less. Organizations can automate
        and optimize their third-party risk activities using a single, dynamic
        questionnaire that is mapped to multiple security and compliance
        frameworks such as ISO, NIST, CMMC, PCI, HIPAA, GDPR, CCPA, NYDFS, CAIQ
        and more or leverage a custom survey creation wizard to meet unique
        requirements. With unlimited users and powerful assessment capabilities,
        Jump Start Assess gives organizations the ability to eliminate
        spreadsheets and manual processes. This solution is ideal for gaining
        quick results and for those who have to adhere to multiple security,
        compliance and privacy requirements.

"Today's unprecedented economic landscape has brought broken supply chains to the forefront. Companies can no longer endanger their own business by not having the right processes in place to manage risk," said Brenda Ferraro, vice president of third-party risk at Prevalent, Inc. "We developed this solution to enable companies - regardless of size or maturity - to accelerate time to value."

Prevalent TPRM Jump Start delivers:

    --  Automated onboarding and central management of an unlimited number of
        vendors
    --  Inherent risk scoring for an unlimited number of vendors
    --  Unlimited number of users to access the SaaS service for management,
        reporting or auditing
    --  Standardized assessments, risk scoring and remediation guidance to
        reduce residual risk
    --  Built-in reporting against common compliance and security frameworks
    --  Programmatic best practices processes to build a foundation for a more
        mature TPRM program

To learn more about the Prevalent TPRM Jump Start Program, or watch a brief demo video, please visit https://www.prevalent.net/products/tprm-jump-start/

About Prevalent
Prevalent helps enterprises manage risk in third-party business relationships. The company delivers the industry's only purpose-built, unified platform that integrates a powerful combination of automated assessments, continuous monitoring, and evidence sharing for collaboration between enterprises and vendors. No other product on the market combines all three components, providing the best solution for a highly functioning, effective third-party risk program. To learn more, please visit www.prevalent.net.

Media Contact
Angelique Faul, 513-633-0897, angelique@silverjacket.net

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SOURCE Prevalent, Inc.