Prevalent
Industry
Procurement
Healthcare
Financial Services
2 more industry(es)Procurement Due Diligence Service
Summary
The Prevalent Procurement Due Diligence Service enables procurement teams to outsource and streamline supplier risk assessment, helping organizations mitigate third-party risks more efficiently. By au...
Products
Consulting Service
Prevalent Procurement Due Diligence Service
A managed service that handles procurement due diligence assessment and monitoring processes, including onboarding, evidence collection, and continuous risk monitoring.
Sample Category
Sample Product 2
Sample product description for demonstration purposes.
1 more products available
Challenges
- Lack of pre-contract due diligence cited as the biggest third-party risk management challenge
- Lack of real-time visibility into operations
- Difficulty in scaling current infrastructure
- High operational costs due to legacy systems
3 more challenges available
Solutions
- Outsourcing supplier due diligence collection and monitoring to Prevalent's managed service
- Deployed real-time monitoring and analytics platform
- Migrated to cloud-based scalable infrastructure
- Modernized legacy systems with new technology stack
3 more solutions available
Outcomes
- Accelerated supplier due diligence for under-resourced procurement teams
- Achieved 24/7 real-time visibility and monitoring
- Successfully scaled operations to support 3x growth
- Decreased operational costs by 40% annually
- Improved data accuracy and accessibility by 85%
4 more outcomes available