The Work Index by Flexa

Prevalent - Third-Party Risk Management

Prevalent is a leading provider of third-party risk management solutions, helping organizations mitigate risk and ensure compliance across their vendor ecosystems.

6.1

/10

Transparency ranking

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Description

Prevalent is a leading provider of third-party risk management (TPRM) solutions that help organizations manage the risks associated with working with vendors and suppliers. Their platform unifies vendor management, risk assessment, and threat monitoring, providing a 360-degree view of risk across the entire third-party lifecycle. Prevalent leverages powerful AI and machine learning capabilities to automate and accelerate risk assessments, continuous monitoring, and remediation, freeing up security and risk management teams to focus on strategic initiatives.

Prevalent’s comprehensive solution suite includes a range of capabilities, such as vendor intelligence networks, risk profiling, automated assessments, continuous monitoring, and robust reporting and analytics. Their solutions are designed to address a wide range of compliance requirements, including GDPR, PCI DSS, SOC 2, NIST CSF, and ISO 27001. Prevalent is committed to helping organizations build a more resilient and secure supply chain, enabling them to make informed decisions and mitigate potential risks.

Flexibility

Prevalent offers flexible work arrangements, with information on specific roles found in their job postings. The company website emphasizes a commitment to customer success and a collaborative work environment.

Mission

Prevalent is a company that helps organizations manage the risks associated with working with third-party vendors and suppliers. They provide software and services to identify, assess, and mitigate risks throughout the third-party lifecycle, including sourcing, onboarding, assessment, monitoring, and offboarding. Prevalent's mission is to help companies eliminate security and compliance exposures that come from working with vendors and suppliers, enabling them to make informed decisions and mature their third-party risk management programs over time.

Automation
Data-driven
Disruptor

Culture

Prevalent promotes a culture centered on customer success, collaboration, and continuous improvement. They emphasize a consultative and collaborative approach with both customers and third parties, fostering a supportive environment where employees can contribute to the company's growth and advancement. They prioritize exceeding customer expectations by consistently raising the bar for their services and solutions. This focus on customer-centricity and a commitment to fostering a positive and collaborative work environment creates a strong foundation for innovation and success.

Agile and dynamic
Entrepreneurial
People-first
Progressive
Supportive

DE&I

Prevalent's approach to diversity, equity and inclusion is centered on integrating diversity risk assessments and monitoring into their third-party risk management platform. They provide capabilities to assess third parties against diversity and inclusion-in-hiring practices, leveraging continuous reputational and compliance insights to validate assessment results. This allows them to provide a comprehensive view of a vendor's diversity practices, helping organizations ensure that their supply chain partners have sound diversity policies in place to reduce the risk of reputational damage.

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