Reputational & Financial Risk Monitoring
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
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Gain centralized, comprehensive financial and reputational insights from thousands of sources
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Make informed procurement decisions with extensive reputational and financial intelligence
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Reduce procurement costs by leveraging built-in financial, reputational and business insights without requiring additional tools
Prevalent has automated and brought consistency to the initial onboarding of all third parties, which has allowed the team to focus on what matters.
— Global 500 Retail Company
Key Features
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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 dependencies.
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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.
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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.
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Adverse Media Screening
View consolidated adverse media and negative news coverage sourced from 30,000 global news sources.
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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.
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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 identify potential leadership risks.
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Corruption Perception Index Scoring
Corruption Perception Index (CPI) scores of company head office countries add business context to vendor risk analysis by delivering insights into a vendor’s viability and ethics.
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State-Owned Enterprise Screening
Avoid conflicts of interest by checking companies against a proprietary list of government-owned and government-linked enterprises.
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Central Risk Register
Normalize, correlate and analyze assessment results and continuous monitoring intelligence for unified risk identification, reporting and remediation.
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Built-in Remediation Guidance
Take actionable steps to reduce vendor risk with built-in remediation recommendations and guidance.
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Relationship Mapping
Identify relationships between your organization and third, fourth and Nth parties to discover dependencies and the potential for reputational risks to monitor in your extended vendor ecosystem.
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Compliance Reporting
Visualize and address compliance requirements by automatically mapping assessment results to any regulation or framework.
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Risk Reporting
Identify, alert and communicate exceptions to common behavior with built-in report templates.
Who Wins
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Procurement
Head off business challenges with continuous insights into third-party news, financial reports, and reputational intelligence.
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IT Security
Add context to cybersecurity assessments and automate the scheduling, collection, analysis, management, and remediation of vendor risks in a central platform.
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Risk Management
Continuously monitor for risks that could negatively impact your company’s ability to deliver its products and services.
Executive Brief: How to Get More from Third-Party Risk Scores
Discover how to build a more comprehensive, actionable and cost-effective vendor risk monitoring program.
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Blog PostThird-Party Risk Monitoring Explained
A comprehensive third-party monitoring program can help you mitigate the impact of vendor data breaches, supply...
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White Paper
6 Strategies to Reduce Supplier Reputational Risk
Discover which reputational risks to watch out for, what penalties to avoid, and how to automate...
White PaperProcurement Risk Playbook: How to Win the Third-Party Game
This 10-page paper shares actionable steps for coordinating your team to reduce risk throughout every stage...
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Ready for a demo?
- Schedule a free personalized solution demonstration to see if Prevalent is a fit for you.
- Request a Demo