- Company (that provides the nominated product / solution / service): Privva, Inc.
- Website: http://www.privva.com
- Company size (employees): 1 - 9
- Product Version Number: 2.5
- Type of solution: Software
In 3 bullets, summarize why this product or service deserves recognition:
- Privva has improved the process of enterprises across multiple industries including Legal, Financial Services, and Education
- Privva Vendor Report Card allows enterprises to identify risk, communicate risk mediation plans, and rank vendors on centralized, secure platform
- Cloud-based solution enhances workflow for enterprise and vendors resulting in cost and time saving – 52% cost saving for Top 100 law firm customer
In less than 300 words, summarize the most important features and benefits of this product or service
Privva provides a secure platform that is transforming how enterprises evaluate and manage third-party vendor and supply chain risk. Understanding potential risks and vulnerabilities of a firms’ vendors is extremely important in ensuring the protection clients and employee sensitive data. Transitioning from an excel/word based assessment to Privva will streamline the process saving significant amount of time and allow you to create reports and analyze vendors in a new capacity. Depending on the level of maturity of a firms’ program, Privva offers consulting services to create, modify, and enhance depending on the level of maturity.
Centralizing risk metrics on the Privva platform creates a more efficient and accessible data set to ensure compliance and identify best practices.
– Ask vendors the right questions based on their criticality to your business
– Request vendors to upload supporting documentation to validate responses
– Score the results using a color-coded rating scale to easily identify areas of high risk
– Automate reassessment of vendors to ensure ongoing compliance
Privva dashboards and reporting capabilities allowing for increased transparency and improve communication capabilities to all relevant stakeholders.
Whether its cataloging your existing vendors or incorporating the solution into your procurement process Privva improves your workflow to protect your data.
We view risk assessment as a program not a project so we want to be an extension of your team as cyber security risks evolve.