Mitratech Prevalent Reviews & Product Details

VendorInsight is a premier third-party risk management (TPRM software designed to help organizations effectively monitor, assess, and mitigate risks associated with their vendor networks. By offering a comprehensive suite of tools, VendorInsight enables businesses to gain visibility and control over their vendors' risk management, security, and compliance practices, ensuring alignment with internal policies and industry regulations. This solution is particularly beneficial for companies in highly regulated sectors such as financial services, healthcare, and insurance, where managing third-party compliance risk is critical. Key Features and Functionality: - Vendor Onboarding and Offboarding: Streamlines the process of integrating new vendors and terminating relationships with existing ones, ensuring a smooth transition and compliance throughout the vendor lifecycle. - Third-Party Risk Assessments: Conducts thorough evaluations to identify potential risks posed by vendors, enabling proactive risk management strategies. - Automated Vendor Monitoring: Provides continuous surveillance of vendor activities and performance, promptly alerting organizations to any deviations or emerging risks. - Fourth-Party Vendor Tracking: Extends risk management capabilities to include vendors' subcontractors, offering a holistic view of the supply chain. - Concentration Risk Analysis: Assesses the impact of relying heavily on specific vendors, helping organizations diversify and mitigate potential vulnerabilities. - Contract and Document Management: Centralizes the storage and management of vendor contracts and related documents, facilitating easy access and compliance tracking. - Performance Reviews and SLA Tracking: Monitors vendor performance against agreed-upon service level agreements (SLAs, ensuring accountability and quality service delivery. - Workflow Automation: Automates routine tasks and processes, enhancing operational efficiency and reducing manual errors. - Issue Tracking and Remediation: Identifies, prioritizes, and addresses issues or gaps in vendor risk assessments, ensuring timely resolution and continuous improvement. - Policy Adherence and Governance: Utilizes a Policy Compliance Matrix (PCM to provide instant insights into overall program compliance, highlighting specific policy requirements that need attention. Primary Value and Problem Solved: VendorInsight addresses the critical need for organizations to manage and mitigate risks associated with third-party vendors and their subcontractors. By offering a centralized platform with automated features, it reduces the complexity and manual effort involved in vendor risk management. This ensures compliance with industry regulations, protects sensitive data, and safeguards the organization's reputation. Ultimately, VendorInsight empowers businesses to proactively identify and address potential risks, leading to enhanced operational resilience and strategic decision-making.

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Mitratech

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Mitratech Prevalent Community

Overview by

Holly Huynh

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User Insights

Average based on 21 real user reviews.

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Verified User in Financial Services

Enterprise (> 1000 emp.)

9/2/2024

"Outstanding Supplier Organisation & Risk Management Tool"

4.5/5

What do you like best about Mitratech Prevalent?

Suppliers managed in organised structure - with easy registration & bespoke access permissions for all areas of the business. Prevalent has brought organisation to a complex supply framework across multiple client accounts. The survey and monitoring functions have been key in understanding risk within suppliers accurately. The support and desire to grow the platform in your business is excellent and always on hand to support with issues and response time is amazing. Real ROI Review collected by and hosted on G2.com.

What do you dislike about Mitratech Prevalent?

Standard reporting is good for overviews. The advanced reporting focuses very much (still very useful) on the final output... risks, remediation planning, threats and user activity. We find very little reporting supports analysis of progress of gathering information - as an example we have to export schedule reports to excel to analyse some aspects of the process. Review collected by and hosted on G2.com.

What problems is Mitratech Prevalent solving and how is that benefiting you?

Coordinated view of supplier use across multiple client accounts, building a map of suppliers utilized in different areas for the same service which has been used to leverage better agreements and lower costs - Before Prevalent the use of suppliers was siloed and not visible to all and in some cases invisible to all but the project and procurement. Now firmly embedded into our onboarding process, the use of Prevalent is our repository of suppliers past & present. The risk registers generated are used in key reporting, remediation is a team effort across SME areas all coordinated in a single space which has removed duplication of work, as well as reduced the multiple spreadsheets issued to suppliers for onboarding and compliance. Review collected by and hosted on G2.com.

Verified User in Logistics and Supply Chain

Enterprise (> 1000 emp.)

8/12/2024

"Prevalent: Your Go-To GRC Tool for Effortless Risk and Compliance Management"

4/5

What do you like best about Mitratech Prevalent?

Prevalent is a standout tool that's perfect for teams hoping to evolve their GRC and cybersecurity posture. We have excellent working relationships with the implementation and operations staff, who worked with us diligently to implement the tool in a manner that served our organization's needs. We extensively use their framework surveys and risk register functionality, which has helped us stay aligned with regulations. It's extremely scalable and customizable, and the team is always there to help when we needed something tailor-made for us. Review collected by and hosted on G2.com.

What do you dislike about Mitratech Prevalent?

Advanced report filtering cannot be saved, since it relies on an AWS analytics platform that lacks that functionality. Review collected by and hosted on G2.com.

Verified User in Consumer Services

Enterprise (> 1000 emp.)

7/8/2022

"Great product, service, and support"

4.5/5

What do you like best about Mitratech Prevalent?

The service and support were really what won us over. They were very helpful in getting us up to speed and keeping in touch with new recommendations. Review collected by and hosted on G2.com.

What do you dislike about Mitratech Prevalent?

The user interface was good but that is where we did see some room for improvement. It could be more intuitive. Review collected by and hosted on G2.com.

Verified User in Telecommunications

Enterprise (> 1000 emp.)

8/20/2021

"Brilliant Risk Management Solution"

5/5

What do you like best about Mitratech Prevalent?

Prevalent have been a pleasure to work with from the moment we engaged them. The tech has delivered exactly what was promised and is very simple to use. We have all of our third parties out of Excel and into a system providing MI to the team and business. Using entities allows us to map our service ecosystem to a granular level including data mapping for GDPR. The digital risk register and exports allow us to quickly navigate what's important, focus in the right areas and report to the exec. Review collected by and hosted on G2.com.

What do you dislike about Mitratech Prevalent?

Being a SaaS product, what we want as the next feature may not be coming until much further down the roadmap. Review collected by and hosted on G2.com.

What problems is Mitratech Prevalent solving and how is that benefiting you?

We have reduced our operating costs especially on 2nd and 3rd tier suppliers. It's brought a level of consistency across all third parties and enables us to react and respond to industry threats rapidly. We understand our Supply Chain in great detail which simply wasn't possible before using the platform. Review collected by and hosted on G2.com.

Verified User in Financial Services

Enterprise (> 1000 emp.)

8/19/2021

"Great risk management tool for managing supplier risk"

5/5

What do you like best about Mitratech Prevalent?

Being able to record different types of risks in one place

Being able to map out your supply chain which helps with our procurement department

Being able to articulate risks

Having anyone from the business access the tool easily

GUI presentation, very slick and easy to use Review collected by and hosted on G2.com.

What do you dislike about Mitratech Prevalent?

Lack of integration options so far within the platform, but understand more to come Review collected by and hosted on G2.com.

Recommendations to others considering Mitratech Prevalent:

If you are serious about managing your supply chain effectively and not treating it as a tick boxing activity, then I suggest really implementing the tool properly to get the best out of it Review collected by and hosted on G2.com.

What problems is Mitratech Prevalent solving and how is that benefiting you?

Being able to have all suppliers in one place and being able to correlate risks for trends in our supply chain

Being able to mobilize assessments and track quickly

Being able to automate our process more, reducing admin tasks Review collected by and hosted on G2.com.

Joe H.

Sr Security Engineer

Enterprise (> 1000 emp.)

6/8/2021

"Prevalent - Excellent Vendor Risk Management Even for Beginners"

5/5

What do you like best about Mitratech Prevalent?

The best part of using Prevalent was their managed offerings, where remediation and the surveys themselves were handled for us. I also really liked that the surveys for the vendors were templated for many different categories, as well as the monitoring, onboarding, and remediation. Review collected by and hosted on G2.com.

What do you dislike about Mitratech Prevalent?

The platform is very complex, and the onboarding process for the tool was overwhelming for us, as we were completely new to this process. The GUI and system could also be easier to use and more intuitive. Review collected by and hosted on G2.com.

What problems is Mitratech Prevalent solving and how is that benefiting you?

We are using Prevalent to improve our compliance with our compliance mandates, as well as helping us improve our security posture related to third party vendors. We are also using the program to ensure that our vendors are compliant with our business security needs and to help improve their security. Review collected by and hosted on G2.com.

Jamie T.

Strategic Procurement Officer

Mid-Market (51-1000 emp.)

4/12/2021

"Intuitive and flexible risk management platform"

4.5/5

What do you like best about Mitratech Prevalent?

The system is intuitive and easy to navigate. Plenty of detailed information is available at a glance, including when surveys are in progress, which is very useful. Review collected by and hosted on G2.com.

What do you dislike about Mitratech Prevalent?

For larger or more complex surveys, the need to add individual questionnaire elements one-by-one, even when they all feed into the same risk register, is slightly clunky. Review collected by and hosted on G2.com.

Recommendations to others considering Mitratech Prevalent:

This system is good at automating your risk management and supply chain risk assessment procedures. It will work best if you know what it is that you want to assess and monitor, and what your risk appetite is. Review collected by and hosted on G2.com.

What problems is Mitratech Prevalent solving and how is that benefiting you?

Supplier risk assessment and supply chain risk management, from security and business continuity to regulatory and data compliance. On-boarding and due diligence on new suppliers and annual risk reviews of key subcontractors. The benefits are in the automation and ease of use of the platform, compared with a cumbersome spreadsheet-based process we previously used. Review collected by and hosted on G2.com.

Verified User in Insurance

Enterprise (> 1000 emp.)

6/8/2021

"Effortless and Continuous Monitoring of Third Parties"

5/5

What do you like best about Mitratech Prevalent?

Ease of use! The platform is straightforward to navigate and intuitive. The ability to access monitoring data and reports is quick and easy, and the monitoring data is current, clear, and concise.

Highly value the ability to quickly view business, financial and cyber monitoring data on our vendors, and spot any risks that are scored high-risk.

Prevalent's customer service and support, and staff are exceptional.

We were able to implement single-sign on. Review collected by and hosted on G2.com.

What do you dislike about Mitratech Prevalent?

I would like to see more details regarding identified risks within the cyber monitoring findings (but I believe Prevalent is already working on this with their external party).

The platform is clean looking, but it could use a cosmetic facelift, so it's more eye-appealing.

Would appreciate the ability to do a quick peek on a vendor during an RFP process (without buying a full year license). Review collected by and hosted on G2.com.

Verified User in Insurance

Enterprise (> 1000 emp.)

7/7/2021

"Efficient Monitoring of Third Parties"

5/5

What do you like best about Mitratech Prevalent?

Prevalent is extremely easy to use! The platform itself is clean and straightforward, and the workflows are easily maneuvered. It is not difficult to access the list of vendors or pull reports from the data Prevalent has collected. Prevalent's customer service and support is excellent. Our representative has gone above and beyond to communicate with our team and work through any requests we might have. Review collected by and hosted on G2.com.

What do you dislike about Mitratech Prevalent?

I think it would be wonderful if our organization was able to customize the appearance of our profile in Prevalent's platform. It's very clean and organized, but it would be nice if we were able to choose colors, etc. It would also be nice to be able to have the option of a quick 'review' of a potential third party vendor, rather than having to fully invest one of our licenses in a vendor, as we do not always move forward with every vendor we screen. Review collected by and hosted on G2.com.

What problems is Mitratech Prevalent solving and how is that benefiting you?

We are working with Prevalent to monitor the third parties we work with that our organization has deemed as high risk and business critical. It has been extremely beneficial to have a continual monitoring of these parties, as well as have quick access to any issue that may arise and be able to mitigate the situation as quick as possible. Review collected by and hosted on G2.com.

Verified User in Consumer Goods

Enterprise (> 1000 emp.)

11/10/2021

"Great Experience!"

5/5

What do you like best about Mitratech Prevalent?

The services provided to manage and assess vendor security. Review collected by and hosted on G2.com.

What do you dislike about Mitratech Prevalent?

I have no dislikes. There are a couple of convenience features that could be added, but they take criticism very well and make suggestions to their team for improvements. Review collected by and hosted on G2.com.