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What is Proof&Trust?

Over the past six years, we have dedicated ourselves to creating an outstanding algorithm designed for evaluating vendor risk. This algorithm has been meticulously optimized and integrates cutting-edge AI technologies, ensuring unparalleled accuracy and efficiency in operations. Vendors are required to provide documentation and answer 32 straightforward questions that cover various aspects of their operations, compliance, and security measures. Our user-friendly interface allows 95% of vendors to complete the assessment in under 30 minutes, significantly reducing interruptions to their daily operations. The algorithm performs a comprehensive analysis of the evidence and responses submitted by vendors, leveraging AI to identify risks, vulnerabilities, and compliance issues. Subsequently, businesses receive an in-depth report filled with actionable insights and recommendations, which empowers them to make informed choices and take a proactive stance on risk management. This comprehensive strategy not only boosts security but also cultivates stronger collaborations between businesses and their vendors, ultimately leading to more resilient partnerships. Additionally, the continuous feedback loop helps us further enhance the algorithm, ensuring it evolves to meet the changing landscape of vendor risk.

What is Prevalent?

The Prevalent Third-Party Risk Management Platform offers users an efficient way to automate essential functions related to the management, evaluation, and oversight of third-party entities throughout their entire lifecycle. This comprehensive solution encompasses a variety of features designed to ensure that third-party partners remain compliant and secure, including: * Automated processes for onboarding and offboarding * Comprehensive profiling, tiering, and inherent risk scoring * A combination of standardized and customized vendor risk assessments, complete with integrated workflow and task management * Ongoing monitoring for vendor threats * Access to a network of completed standardized assessments and risk intelligence contributors * Detailed compliance and risk reporting capabilities * Effective management of remediation efforts Additionally, expert professional services are offered to enhance and evolve third-party risk management programs, while managed services can be utilized to handle the collection and analysis of vendor assessments, providing businesses with valuable insights and support throughout the process. This dual approach not only streamlines operations but also strengthens overall risk management strategies.

Media

Media

Integrations Supported

AdaptiveGRC
ServiceNow
Skypher
Terzo
cloudPWR

Integrations Supported

AdaptiveGRC
ServiceNow
Skypher
Terzo
cloudPWR

API Availability

Has API

API Availability

Has API

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Pricing Information

Pricing not provided.
Free Trial Offered?
Free Version

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Supported Platforms

SaaS
Android
iPhone
iPad
Windows
Mac
On-Prem
Chromebook
Linux

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Customer Service / Support

Standard Support
24 Hour Support
Web-Based Support

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Training Options

Documentation Hub
Webinars
Online Training
On-Site Training

Company Facts

Organization Name

Proof&Believe LLC

Date Founded

2024

Company Location

United States

Company Website

proofandtrust.com

Company Facts

Organization Name

Prevalent

Date Founded

2004

Company Location

United States

Company Website

www.prevalent.net

Categories and Features

Risk Management

Alerts/Notifications
Auditing
Business Process Control
Compliance Management
Corrective Actions (CAPA)
Dashboard
Exceptions Management
IT Risk Management
Internal Controls Management
Legal Risk Management
Mobile Access
Operational Risk Management
Predictive Analytics
Reputation Risk Management
Response Management
Risk Assessment

Vendor Management

Audit Management
Contact Management
Customer Database
Self Service Portal
Supplier Master Data
Transaction History
Vendor Maintained Profiles
Vendor Managed Inventory
Vendor Performance Rating
Vendor Qualification Tracking

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