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The Best Third-Party Vendor & Supplier Risk Management Software

Prevalent covers all of your TPRM, VRM, and SRM needs

Ready to delete those spreadsheets and automate your third-party risk management, vendor risk management, and supplier risk management program? With dozens of vendors vying for your attention – from GRC and procurement platforms to supply chain and security scoring tools – how do you cut through the noise and determine the right solution for you?

Turn to the experts. Prevalent is the only solution provider on the market that:

  • Delivers all third-party risk management, vendor risk management, and supplier risk management use cases with natively integrated and continuous cyber, business, reputational, and financial threat monitoring for a complete view of third-party risk.
  • Is an acknowledged Leader in Gartner, IDC, Quadrant Solutions, and Chartis industry analyst reports and a Gartner Representative Vendor in all three key markets.

With Prevalent, you get a comprehensive and industry-validated solution that delivers better, faster results and empowers you to make smarter decisions with far fewer headaches.

Third-Party Vendor and Supplier Risk Management Solution Comparison

Prevalent provides the most comprehensive third-party vendor and supplier risk management solution available.

Assessment Software Managed Services Assessment Sharing Networks Risk Monitoring

Prevalent

FC, FO

Aravo

PC, PO

BitSight

P

FC

Black Kite

FC

OneTrust

P

PC, PO

Panorays

FC

ProcessUnity

PC, PO

SecurityScorecard

P

P

FC

UpGuard

P

FC

Venminder

P

P

PC, PO

Whistic

P

PC

Legend

✔=Capability Natively Present; P=Partial Capability; FC=Full Cyber Monitoring, FO=Full Other Monitoring (Business, Reputational, Financial), PC=Partial Cyber Monitoring; PO=Partial Other Monitoring | See sources below.
 Datasheet Advisory Consulting Services

The Prevalent Platform is among the most intuitive third-party risk management products on the market, especially from a supplier questionnaire perspective.

— Caroline Skidmore, EVP of Ideas, Innovation and Long-Term Planning, Scherzer International

Analyst Positioning

Prevalent is the only solution provider in the market that is a Gartner representative vendor in all three essential markets (Third-Party Risk Management, Vendor Risk Management, and Supplier Risk Management), and a Leader according to Gartner, IDC, Quadrant Solutions, and Chartis.

Gartner Gartner Gartner Gartner
Position in "2021 Gartner Magic Quadrant for IT VRM Solutions" Representative Provider in "2022 Gartner Market Guide for IT VRM Solutions" Representative Provider in "2022 Gartner Market Guide for TPRM Solutions" Representative Provider in "2023 Gartner Market Guide for SRM Solutions"

Prevalent

Leader

Aravo

Leader

Bitsight

--

--

--

Black Kite

--

--

--

OneTrust

Leader

--

Panorays

--

--

ProcessUnity

Leader

--

--

SecurityScorecard

--

--

--

UpGuard

--

--

Venminder

Challenger

--

Whistic

--

--

IDC Quadrant Chartis
Position in "2022 IDC MarketScape: Third-Party Risk Management Software" Position in "2023 Quadrant SPARK Matrix for VRM" Position in "Integrated GRC Solutions, 2024: Market Update and Vendor Landscape"

Prevalent

Leader

Leader

Top 5 Category Leader

Aravo

Major Player

Strong Contender

Category Leader

Bitsight

--

--

--

Black Kite

--

--

--

OneTrust

Major Player

Strong Contender

Category Leader

Panorays

--

--

--

ProcessUnity

Leader

Leader

--

SecurityScorecard

--

--

--

UpGuard

--

--

--

Venminder

--

Strong Contender

Best of Breed

Whistic

--

--

--

See below for Sources and Disclaimers.

Sources:

Disclaimers:

Gartner Disclaimer: Gartner does not endorse any vendor, product or service depicted in our research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner's research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

GARTNER is a registered trademark and service mark of Gartner, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved.

About IDC MarketScape: IDC MarketScape vendor analysis model is designed to provide an overview of the competitive fitness of ICT suppliers in a given market. The research methodology utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in a single graphical illustration of each vendor’s position within a given market. The Capabilities score measures vendor product, go-to-market and business execution in the short-term. The Strategy score measures alignment of vendor strategies with customer requirements in a 3-5-year timeframe. Vendor market share is represented by the size of the icons.

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By far, Prevalent is the easiest method of doing third-party diligence ever.

— Jaspal Jandu, head of cyber security, ITV

Prevalent vs. Third-Party Vendor and Supplier Risk Management Competition

Vendor Risk Management (VRM) Explained

Building a Vendor Risk Management (VRM) program can feel like an overwhelming undertaking for many organizations. Here's an overview to get you started on the right foot.

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