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features
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support

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Write a Review

Description

Prevalent Third-Party Risk Management Platform enables customers automate the critical tasks of managing, assessing and monitoring third parties throughout their entire life cycle. This solution integrates the following capabilities to ensure that third parties are compliant and secure: * Automated onboarding/offboarding * Profiling, tiering, and inherent risk scoring * Standardized and custom vendor risk assessments, with built-in workflow and task management * Continuous vendor threat monitoring * A network of completed standardized assessments, and risk intelligence members. * Compliance and risk reporting * Management of remediation Expert professional services are available to optimize and mature third party risk management programs. Managed services can be outsourced to collect and analyze vendor assessments.

Description

Our platform offers a dynamic approach to evaluating and addressing AI-related risks in both models and datasets, focusing on issues like bias, proxy bias, and fairness. With our Responsible AI technology, we enhance the visibility of AI models, ensuring they are both explainable and interpretable. Our algorithms, grounded in research, work to identify and address risks stemming from a lack of robustness. Additionally, the platform conducts thorough reviews of the AI landscape in relation to various AI and MRM regulations, delivering in-depth risk assessments, detailed reporting, and automated remediation strategies. It is crucial to evaluate and mitigate AI risks present in both internally developed systems and those supplied by third parties. The SigmaRed platform facilitates an extensive third-party AI risk management (AI TPRM) process, significantly speeding up the AI risk assessment cycle while offering enhanced visibility, control, stakeholder-specific reporting, and a comprehensive repository of evidence. Furthermore, our technology not only enhances compliance but also fosters trust in AI systems by ensuring that potential risks are proactively managed.

API Access

Has API No 

API Access

Has API No 

Screenshots View All

Screenshots View All

Integrations

AdaptiveGRC Yes 
ServiceNow Yes 
Skypher Yes 
Terzo Yes 
cloudPWR Yes 

Integrations

AdaptiveGRC No 
ServiceNow No 
Skypher No 
Terzo No 
cloudPWR No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Pricing Details

No price information available.
Free Trial No 
Free Version No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Deployment

Web-Based Yes 
On-Premises No 
iPhone App No 
iPad App No 
Android App No 
Windows No 
Mac No 
Linux No 
Chromebook No 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Customer Support

Business Hours Yes 
Live Rep (24/7) No 
Online Support Yes 

Types of Training

Training Docs Yes 
Webinars Yes 
Live Training (Online) Yes 
In Person Yes 

Types of Training

Training Docs No 
Webinars No 
Live Training (Online) No 
In Person No 

Vendor Details

Company Name

Prevalent

Founded

2004

Country

United States

Website

www.prevalent.net

Vendor Details

Company Name

SigmaRed

Website

www.sigmared.ai/

Product Features

Risk Management

Alerts/Notifications Yes 
Auditing Yes 
Business Process Control Yes 
Compliance Management Yes 
Corrective Actions (CAPA) Yes 
Dashboard Yes 
Exceptions Management No 
IT Risk Management No 
Internal Controls Management Yes 
Legal Risk Management No 
Mobile Access No 
Operational Risk Management No 
Predictive Analytics No 
Reputation Risk Management No 
Response Management Yes 
Risk Assessment Yes 

Vendor Management

Audit Management Yes 
Contact Management No 
Customer Database No 
Self Service Portal Yes 
Supplier Master Data Yes 
Transaction History No 
Vendor Maintained Profiles Yes 
Vendor Managed Inventory Yes 
Vendor Performance Rating Yes 
Vendor Qualification Tracking Yes 

Product Features

Alternatives

Alternatives

Vendor360 Reviews

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