Privva Vendor Risk Management
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Privva Vendor Risk Management
Additional Info
| Company (that provides the nominated product / solution / service) | Privva, Inc. |
| Website | http://www.privva.com |
| Company size (employees) | 10 to 49 |
| Type of solution | Cloud/SaaS |
In 3 bullets, summarize why this product or service is different from the competition and deserves recognition:- The most flexible solution to manage vendor assessment process - Privva manages security assessment upstream and downstream Privva can turn this time consuming endeavor into an easy process saving you hours per client to focus on other critical areas of data protection. The Privva AutoAssess solution has reduced the time spent from 4-5 hours per client to under 30 minutes. - Increasing transparency through controlled distribution |
Brief Overview
Privva is a flexible, scalable cloud-based platform that streamlines the assessment process throughout the value chain – enabling enterprises to easily implement a vendor risk assessment process. Our Vendor Security Assessment offering centralizes questionnaires, risk ratings, and scoring of responses for third-parties. Annual recertification (health checkups) can be automated from within the platform.
The Privva cloud-based risk management platform facilitates:
Streamlined assessment management from authoring to automatic recurring delivery.
Risk tracking identified through remediation.
Tailored solutions for successful deployments across varying vendor sizes and complexity.
Privva partners with strong and well established legal, financial, and cybersecurity firms to deliver exceptional offerings and services to our customers. Through the use of Privva’s workflow and templates, the time it takes to assess a vendor is reduced by 75%, and annual recertification can be automated.
Privva’s five-step process creates a streamlined solution for our clients, continuously ensuring that best practices are met.
1. Create tailored assessments in line with your organization’s policies
2. Inventory vendors and catalog key demographics
3. Distribute assessments to vendors using a scalable approach
4. Analyze responses with advanced reporting and dashboards
5. Remediate risks and manage communication throughout the process
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 advanced reporting and dashboards to easily identify areas of high risk
– Automate reassessment of vendors to ensure ongoing compliance
Privva makes the process easier, faster and more transparent for its clients while making the process simple for the vendors as well.
