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What is SigmaRed?

Our platform employs a versatile methodology for assessing and tackling risks associated with AI in both models and datasets, emphasizing critical concerns such as bias, proxy bias, and fairness. Through our Responsible AI technology, we improve the transparency of AI models, ensuring they are both understandable and interpretable. Our research-backed algorithms are designed to detect and mitigate risks arising from insufficient robustness. Furthermore, the platform performs comprehensive evaluations of the AI landscape concerning various AI and MRM regulations, providing detailed risk assessments, thorough reporting, and automated remediation solutions. It is essential to scrutinize and reduce AI risks found in both in-house developed systems and those provided by external vendors. The SigmaRed platform streamlines a robust third-party AI risk management (AI TPRM) process, dramatically accelerating the AI risk assessment timeline while enhancing visibility, control, and reporting tailored to stakeholders, alongside maintaining a thorough evidence repository. Additionally, our technology not only bolsters compliance but also builds confidence in AI systems by ensuring proactive management of potential risks, ultimately fostering a safer and more reliable AI environment for all users. This comprehensive approach guarantees that organizations can navigate the complexities of AI regulations effectively while minimizing exposure to vulnerabilities.

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

SigmaRed

Company Website

www.sigmared.ai/

Company Facts

Organization Name

Prevalent

Date Founded

2004

Company Location

United States

Company Website

www.prevalent.net

Categories and Features

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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