Privva logo

Privva

by Privva · Since 2001
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ActiveAvailable globallyCloud
Quick facts
VendorPrivva
Year launched2001
StatusActive
LocationPortland 851 SW 6TH AVE. SUITE 800 PORT­LAND, OR 97204
Countries servedGlobal
Languages9
Integrations2+
Free tierN/A
Free trialN/A
Contact salesYES

About Privva

Privva is a Third-Party Vendor Risk Management software from Privva that helps mitigate risks associated with vendor partnerships. It combines comprehensive assessment, monitoring, and remediation features so organizations can effectively manage vendor risk. The platform supports various communication channels including IM & Collaboration, Mobile, Social, and Web, allowing for efficient risk assessments. Additionally, it offers surveillance and discovery tools to ensure thorough oversight of vendor activities. With Privva, companies can increase their vendor risk assessment efficiency by up to 70%, simplifying the process of managing and remediating risks. Key capabilities: comprehensive assessment monitoring tools surveillance features discovery options multi-channel support Best for: organizations that need to effectively assess and manage third-party vendor risks.

Smarsh is an all-encompassing Vendor Risk Management platform designed to modernize third-party security evaluations. Its cloud-based framework centralizes vendor information and assessment results, providing a streamlined interface that simplifies complex workflows. Users benefit from automated assessments, auto-scoring, and detailed reports, empowering them to make informed security decisions efficiently. The platform’s key features include a comprehensive vendor registry, assessment distribution, and comparison tools, alongside remediation ticket creation, all facilitating proactive risk mitigation. Smarsh’s ability to support regulatory compliance, coupled with in-depth analytics, makes it a versatile solution for organizations aiming to ensure third-party security and compliance. The platform seamlessly integrates with existing security and risk management tools, making it adaptable to various enterprise environments. Its compatibility spans across devices and locations, offering remote access worldwide. Equipped with features like security reviews, expert comments, and follow-up management, Smarsh ensures continuous monitoring and improvement of vendor security posture. Customer support is robust, offering webinars, guides, and online resources, while the platform’s pricing plans cater to diverse organizational needs, from scaling enterprises to managed service solutions.

Pros & Cons

Pros
  • Strong customer support, including personalized one-on-one training
  • Highly effective for vendor risk management and due diligence
  • Easy to implement and use, even for new users
  • Helps streamline and enhance third-party risk reduction processes
  • Trusted by professionals in legal, banking, and IT sectors
Cons
  • Limited long-term feedback available from newer users
  • Fewer detailed insights into potential limitations or feature gaps

Features

Key features

Centralized Vendor Management
Allows organizations to review, monitor, and manage all vendor information from a single platform, streamlining the entire process.
Automated Risk Assessment & Scoring
Automatically scores vendor responses, providing quick insights into vendor risk levels and reducing manual evaluation efforts.
Comprehensive Reporting & Analytics
Offers in-depth reports and comparison tools to evaluate vendor performance and risk over time, facilitating better decision-making.
Workflow Automation & Remediation
Automates remediation processes by creating follow-up tickets or issues, ensuring timely risk mitigation actions.
Regulatory Compliance Support
Helps organizations meet regulatory requirements related to vendor security and data privacy with built-in assessment templates.
Vendor Scorecards & Comparison
Enables side-by-side vendor comparison for more transparent evaluations and vendor improvement tracking.
Actionable Follow-ups & Issue Tracking
Generates specific follow-up tickets based on assessment responses, enabling targeted remediation efforts.

Additional features

Vendor Registry

Maintains a comprehensive list of vendors for easy access and management.

Assessment Distribution

Sends out automated security assessments to vendors.

Weighted Categories

Prioritizes assessment responses based on risk importance.

Auto-Scoring

Automatically scores responses for quick risk evaluation.

Vendor Comparison Reports

Side-by-side reports for vendor benchmarking.

Regulatory Compliance Tracking

Helps adhere to standards like GDPR, HIPAA, etc.

Remediation Tickets

Creates actionable follow-up issues for risk mitigation.

In-Depth Analytics

Provides detailed insights into vendor risks and compliance status.

Security Review & Comments

Smarsh performs expert reviews and annotates assessments.

Follow-up Management

Tracks progress of remediation efforts over time.

Pricing

Free trial
Free version
Request a quote
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Countries & Languages

Global
Countries served
9
Interface languages
10
Billing currencies

Interface languages

EnglishSpanishFrenchGermanItalianPortugueseDutchRussianChinese

Billing currencies

🇺🇸USD🇬🇧GBP🇪🇺EUR🇦🇺AUD🇨🇦CAD🇯🇵JPY🇨🇭CHF🇨🇳CNY🇮🇳INR🇷🇺RUB

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