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Modern organizations are increasingly investing in third-party technology as data breaches continue to emanate from third-party relationships. According to a 2023 Deloitte Global TPRM survey, 45% of organizations prioritize investment in third-party risk management technology and data.
While Prevalent stands out as a leading third-party risk management platform offering a 360-degree view of vendor risks, compliance automation, and threat monitoring, it might not be the suitable solution for your TPRM needs.
Maybe you’re searching for a more flexible platform that better suits your budget, scales with your needs, and offers multiple integrations. Explore these 10 Prevalent alternatives and competitors offering better usability, AI-driven insights, and seamless integrations for vendor risk management.
Why Look for Prevalent Alternatives?
Prevalent’s user interface, customization capabilities, integrations with other systems, training resources, and complexity are some of the reasons why you might want to explore alternatives.
We explored multiple reviews on G2, Capterra, and other review sites to understand where Prevalent falls short. Here are key reasons why you might consider exploring alternatives to Prevalent:
The platform’s interface isn’t intuitive
While the platform’s UI looks good, it’s not as easy to navigate. Several reviews highlight a steep learning curve, especially for new users who find onboarding overwhelming.
One G2 reviewer noted, "The platform is very complex, and the onboarding process was overwhelming for us." If a tool isn’t intuitive, teams waste time figuring out workflows instead of focusing on vendor risk management.
As you explore Prevalent alternatives, consider TPRM solutions that balance functionality with ease of use to reduce training time and improve efficiency.
Limited reporting and dashboard customization
Prevalent offers restricted reporting features. Ideally, the software you choose should be more flexible with custom dashboards that display relevant data upfront. Unfortunately, Prevalent’s current setup is too rigid.
One G2 reviewer mentioned, "I wish the dashboard was customizable so I could see the data I want upon logging in. I also wish the reporting was more accurate to only show active vendors versus disabled ones."
Others pointed out inaccuracies, like reports including inactive vendors. When the platform can’t allow you to tailor insights to your needs, it slows down decision-making. This is another reason you might want to explore a Prevalent replacement with stronger analytics and real-time customization options.
Lack of help resources for new features
Prevalent’s Help Centre doesn’t always keep up with updates, leaving users to figure out new functionalities on their own. Limited documentation means more guesswork, which frustrates teams trying to maximize the tool’s value.
As one user put it, "There are limited resources in the Help Centre that provide guidelines on new functionalities." When support materials lag, productivity takes a hit. Hence, when evaluating Prevalent alternatives, prioritize platforms with robust, up-to-date knowledge bases and responsive customer support to avoid these roadblocks.
Limited integration capabilities
For effective third-party risk management, you need to rely on a mix of tools including CRMs, ERPs, and security platforms. Your third-party risk management solution should connect seamlessly with multiple platforms and tools to automate workflows without manual data transfers.
Unfortunately, Prevalent offers limited integration capabilities. One reviewer notes, "We hit a wall when trying to sync Prevalent with our other systems—it just didn’t play well with some of our critical apps."
Prevalent Competitors at a Glance
- ComplyScore by Atlas Systems: Pairs AI-powered insights with compliance expertise to build tailored vendor risk profiles.
- UpGuard: Offers continuous monitoring, AI-powered assessments, and real-time security ratings with automated workflows.
- Vanta: Provides streamlined, AI-driven workflows with automatic vendor discovery to reduce shadow IT risks.
- AuditBoard: Features automated risk scoring, real-time monitoring, and centralized dashboards for tracking mitigation efforts.
- Drata: Centralizes vendor data with automated impact analysis and AI-summarized security questionnaire responses.
- Scrut Automation: Enables faster assessments with custom questionnaires and centralized compliance documentation.
- Secureframe: Offers a unified dashboard with automated SSO monitoring and AI assistance for reviewing security documents.
- Sprinto: Features real-time breach alerts, AI risk scoring, and automatic shadow IT discovery through SSO integration.
- MetricStream: Provides enterprise-grade solutions with fourth-party risk monitoring and integrated risk intelligence.
- Venminder: Combines automated software, expert-led due diligence reviews, and continuous monitoring in one platform.
Top 10 Prevalent Alternatives and Competitors
1. ComplyScore by Atlas Systems
If you're exploring Prevalent alternatives for third-party risk management that go beyond check-the-box vendor assessments, consider ComplyScore by Atlas Systems.
Unlike many Prevalent competitors, ComplyScore pairs AI-powered insights with deep compliance expertise to build tailored vendor risk profiles, uncover vulnerabilities, and potential risk areas. It offers smart, more agile third-party risk management for vendor compliance and security.
What’s more? The third-party risk management software offers an intuitive user interface and surfaces red flags that could otherwise slip through the cracks quickly.
Whether you're scaling or tightening up your risk posture, the software adapts to your workflow without adding bloat.
2. UpGuard
UpGuard simplifies vendor risk management with continuous monitoring, AI-powered assessments, and real-time security ratings, giving you full visibility into vendor risks without the manual hassle.
The software’s centralized dashboard offers a single place for teams to onboard vendors, communicate, document, remediate risks, and track progress, which helps reduce the back-and-forth.
Need quick reports? UpGuard can generate vendor risk summaries in seconds.
For teams overwhelmed by slow assessments and scattered data, UpGuard can be a practical Prevalent replacement.
3. Vanta
For teams exploring Prevalent alternatives, Vanta brings a balanced and streamlined approach to vendor risk management. It replaces static, checkbox-style reviews with smarter, automated, AI-driven insights and continuous monitoring.
Vanta’s vendor risk management software automates evidence collection, flags security gaps, and helps you manage vendor risks proactively without drowning in spreadsheets.
With the software, you can tailor risk scoring to your unique needs or use ready-made templates to get started fast.
One standout feature of the software is automatic vendor discovery, which helps reduce shadow vendor risks and ensure all vendors align with your compliance standards.
4. AuditBoard
When searching for Prevalent alternatives, AuditBoard offers a clear, organized approach to third-party risk management. The platform helps you stay focused by using auto-generated inherent risk scores to prioritize vendors that matter most.
AuditBoard simplifies vendor onboarding and evaluation with real-time monitoring, AI-powered assessments, and centralized issue tracking.
With this software, you can streamline repetitive tasks with automated workflows and reduce time spent chasing down questionnaire responses or follow-ups.
As a vendor risk management software, it also supports collaborative mitigation planning and keeps your team aligned on top vendor risks.
5. Drata
Drata brings a balanced and efficient approach to vendor risk management. It centralizes vendor data into one streamlined directory to help you monitor, assess, and respond to vendor risks with clarity.
The software uses automated impact analysis and proactive monitoring to reduce blind spots. Drata auto-populates your vendor directory, simplifies security questionnaires with AI summaries, and proactively monitors risks before they escalate.
You can use features like bulk vendor updates and impact scoring to prioritize high-risk vendors without spreadsheet chaos.
6. Scrut Automation
Scrut Automation offers a simplified take on third-party risk management, making it a smart option among Prevalent alternatives.
Through a single dashboard, you can upload custom or prebuilt questionnaires, invite vendors to respond, and quickly evaluate compliance with internal security standards.
The software centralizes vendor data, including certifications, audits, and risk assessments to reduce manual work.
It also offers automated audits and side-by-side vendor comparisons to enable you to pinpoint low-risk partners and tailor mitigation strategies accordingly.
7. Secureframe
Secureframe offers a streamlined approach to vendor risk assessment, helping you maintain compliance while minimizing potential threats.
The platform’s Comply AI further speeds up reviews by extracting key details from SOC 2 reports and security policies to reduce manual work.
8. Sprinto
Sprinto is one of the agile Prevalent alternatives for organizations seeking to simplify vendor risk management without losing depth.
Designed for security teams, the software provides a unified dashboard to assess, categorize, and monitor vendor risks—from information security to operational and compliance concerns.
You can integrate Sprinto with your cloud stack to automatically uncover shadow IT vendors via SSO and logs them for evaluation.
With real-time breach alerts and automated compliance mapping, this vendor risk management software ensures you're always audit-ready.
9. MetricStream
MetricStream stands out among Prevalent alternatives by offering a comprehensive, structured approach to third-party risk management. It gives you an integrated view of both third and fourth-party vendor risks so you can make informed sourcing decisions with greater confidence.
From onboarding to offboarding, the vendor risk management software automates due diligence, monitors performance, and flags red flags using real-time alerts and AI-powered issue detection.
You can segment vendors by risk level, track KPIs, and evaluate compliance using built-in questionnaires and audit workflows.
10. Venminder
Venminder offers a platform that simplifies third-party relationships from onboarding to offboarding, combining smart technology with expert oversight.
What makes Venminder stand out among Prevalent competitors? Its unique solutions, including automated third-party risk management software, hands-on Vendiligence due diligence reviews, and Venmonitor continuous monitoring that give you both AI efficiency and human expertise.
The platform offers customizable questionnaires, centralized contract oversight, and in-depth risk assessments to make it easy to maintain a resilient third-party risk program.
Why ComplyScore® by Atlas Systems Outshines Prevalent Alternatives
When it comes to managing third-party risks, most Prevalent alternatives often fall short, either because they are too rigid, too complex, or not built for today’s dynamic threat landscape.
That’s where ComplyScore® by Atlas Systems stands out.
This is not just another third-party risk management software. It’s a tailored, intelligent platform designed with real business challenges in mind.
Unlike other prevalent competitors that offer one-size-fits-all solutions, ComplyScore adapts to your unique third-party risk management program, giving you total control and visibility.
What truly sets it apart is the depth of insight powered by AI, the flexibility of customizable workflows, and decades of hands-on expertise.
When a large US bank needed a robust third-party risk management (TPRM) solution to streamline vendor onboarding, ensure FFIEC compliance, and automate workflows, they turned to ComplyScore by Atlas Systems.
Unlike their previous inefficient system, Atlas delivered a customized, rule-driven platform enhanced with domain expertise and best practices. ComplyScore isn’t just a tool, but a strategic partner for scalable, compliant, and efficient risk management.
FAQs about Prevalent Alternatives
1. Are there cost-effective alternatives to Prevalent?
Yes, several cost-effective alternatives to Prevalent offer more flexible pricing structures that can better suit various budget constraints while providing robust third-party risk management capabilities.
These platforms offer AI-powered assessments, streamlined workflows, and customization options that deliver value without the premium price tag of larger solutions.
2. What are some notable Prevalent alternatives for third-party risk management?
Notable Prevalent alternatives include third-party risk management solutions like ComplyScore® by Atlas Systems, UpGuard, Vanta, AuditBoard, Drata, Scrut Automation, Secureframe, Sprinto, MetricStream, and Venminder.
3. Why consider alternatives to Prevalent for third-party risk management
While Prevalent offers solid TPRM capabilities, it may not align perfectly with every organization's needs. Some alternatives deliver enhanced real-time risk intelligence and continuous monitoring for proactive risk management.
Others excel at supplier engagement, enabling improved communication and collaboration. You might also find platforms offering more comprehensive security intelligence and assessments.
Additionally, exploring Prevalent alternatives could reveal more favorable cost structures and licensing models better suited to your budget constraints.
4. How do I evaluate Prevalent alternatives?
To evaluate Prevalent alternatives, start by defining your organization's specific third-party risk management needs.
Compare key features across platforms to see which aligns best. From there, review pricing and licensing models for cost-effectiveness.
Assess how each solution supports supplier communication and collaboration. Lastly, seek guidance from cybersecurity or risk management experts to ensure a well-informed, strategic decision.