Mitratech Prevalent: Vendor Management software
Unified, AI-powered third-party risk management software
Mitratech Prevalent is third-party risk management (TPRM) software for assessing, monitoring and remediating vendor and supplier risk across the full lifecycle, from sourcing and onboarding to offboarding. It combines AI-assisted risk assessments with continuous monitoring, vendor intelligence networks and optional managed services. It is built for risk, compliance, procurement and legal teams that have outgrown spreadsheets and email for managing a growing number of vendors and need to show due diligence to auditors.
Product
Mitratech Prevalent
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What Mitratech Prevalent does
Prevalent covers each stage of the vendor lifecycle. Teams can run RFPs and RFIs enriched with fourth-party, ESG, financial, reputational and cyber intelligence; onboard vendors through a simple intake form; and keep one record per vendor with contracts and risk data. Vendors are tiered by inherent and residual risk scores, then assessed using a library of 800+ templates, with AI able to complete new assessments automatically and built-in recommendations for remediation. Continuous monitoring of cyber threats, business, financial, regulatory and reputational signals is used to validate vendor controls and adjust risk scores. SLA, KPI and KRI tracking measures program effectiveness and contract adherence, and offboarding procedures are automated to reduce post-contract exposure. Customizable dashboards and executive-ready reports show risk trends. Vendors work through a portal with standardized digital questionnaires, built-in chat and status tracking. Third-Party Intelligence Networks provide thousands of completed, standardized assessments for quick risk checks, and Third-Party Risk Managed Services can run the lifecycle on a customer's behalf. Mitratech says automation cuts assessment turnaround from weeks to days and describes Prevalent as a four-time leader in vendor risk management.
What it does
Mitratech Prevalent core capabilities
Sourcing & Selection
RFP and RFI management enriched with vendor risk intelligence.
Intake & Onboarding
Simple intake form and a single record for each vendor.
SLA & Performance Management
Tracks SLAs, KPIs and KRIs and contract adherence.
Inherent Risk Scoring
Tiers vendors by inherent and residual risk.
Monitor & Validate
Continuous cyber, financial, regulatory and reputational monitoring.
Assess & Remediate
800+ assessment templates, AI-completed assessments, remediation guidance.
Offboarding & Termination
Automated contract assessments and offboarding procedures.
Risk Analytics & Insights
Custom dashboards and executive-ready risk reports.
Third-Party Intelligence Networks
Thousands of completed, standardized vendor assessments on demand.
Third-Party Risk Managed Services
Experts run the third-party risk lifecycle for you.
Technical specifications
- AI-completed risk assessments
- Vendor portal with built-in chat
- Continuous risk monitoring feeds
Who it is for
Who Mitratech Prevalent is built for
Target audience
- In-House Legal Teams
Case studies
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Mitratech Prevalent pricing
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Product interface
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FAQs
Frequently asked questions about Mitratech Prevalent
Prevalent suits organizations that manage many vendors and suppliers and have outgrown spreadsheets, shared drives and email. It fits teams facing growing regulatory pressure, scattered risk data, unclear vendor ownership or more third-party incidents, and that need to show third-party due diligence to auditors.
Prevalent covers sourcing and selection, intake and onboarding, inherent risk scoring, assessment and remediation, continuous monitoring, SLA and performance management, and offboarding. It also includes risk analytics, so one system tracks a vendor from the first RFP through to contract termination.
Prevalent can use AI to complete new third-party risk assessments automatically, drawing on a library of more than 800 assessment templates, and then offers built-in recommendations to reduce risk. Mitratech says automation helps cut the turnaround of risk assessments and due diligence from weeks to days.
Yes. Third-Party Risk Managed Services let Mitratech experts oversee the third-party risk lifecycle on your behalf. Customers can also use the Third-Party Intelligence Networks, which hold thousands of completed, standardized assessments, to check vendor risk scores quickly alongside their own assessments.
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