Evident Partners with PRISM to Transform Public Risk Management
Enhancing Risk Management Through Strategic Partnership
Evident, a leader in third-party risk management solutions, has joined forces with Public Risk Innovation, Solutions, and Management (PRISM). This collaboration aims to strengthen the risk management frameworks utilized by public entities across the nation. Evident's advanced technology integrates seamlessly into PRISM's operations, enhancing the services offered to its members.
About PRISM and Its Notable Commitment
PRISM has established itself as a prominent insurance risk-sharing pool designed for public entities. With an impressive membership including numerous counties and cities, this organization focuses on innovative solutions that assist members in managing losses while preparing for diverse risks. The partnership with Evident promises to bolster these efforts further.
Benefits of the Collaboration
Rick Brush, the Chief Member Services Officer at PRISM, articulated the excitement around this partnership, emphasizing how Evident's software enhances efficiency within risk management programs. By bringing in Evident, PRISM expands its portfolio of service providers, ensuring top-notch tools are available to member agencies.
Advanced Solutions for Risk Management
Evident's platform is designed to automate various aspects of third-party risk management, providing a comprehensive suite of features. This automation covers the collection, verification, and monitoring of risk data, ultimately translating to accuracy and speed. Public entities can look forward to not only meeting industry standards but exceeding them through these enhanced solutions.
Key Advantages for PRISM Members
Through the integration of Evident's technology, PRISM members stand to gain significantly from this partnership. The key advantages include:
- Streamlined Risk Management: Enhanced efficiency in third-party risk assessments that save time.
- Improved Budget Management: Significant reductions in administrative costs, lessening the burden of manual oversight.
- Greater Accuracy: Access to detailed risk data for informed decision-making.
- Proactive Risk Mitigation: The ability to address and manage potential risks effectively, protecting public assets.
Fostering Innovation in Third-Party Risk Management
This partnership marks a milestone for Evident, as CEO David Thomas highlighted. The collaboration is geared towards supporting PRISM's mission to deliver outstanding risk management solutions. Evident’s technology is positioned to revolutionize risk assessments, making it easier for public entities to meet their goals in risk management.
About Evident
Evident is committed to helping businesses thrive through secure partnerships. By automating third-party risk management and simplifying compliance processes, Evident is trusted by major enterprises worldwide. The company focuses on collecting, verifying, and monitoring risk intelligence across an expansive network, allowing clients to effectively mitigate risks and bolster their growth efforts. For more details, visit evidentid.com.
Frequently Asked Questions
What is the focus of the partnership between Evident and PRISM?
The partnership aims to enhance risk management solutions for public entities by integrating advanced technology from Evident into PRISM's services.
How will this partnership benefit PRISM members?
Members will experience improved efficiency in risk management, reduced costs, and access to accurate data for better decision-making.
What key features does Evident offer?
Evident automates the collection and monitoring of risk data, providing a comprehensive platform for risk management.
Who is PRISM?
PRISM is a significant public entity risk-sharing pool that focuses on innovative risk management and includes many California counties and cities.
What does Evident specialize in?
Evident specializes in third-party risk management, helping businesses secure partnerships by offering thorough risk assessments and monitoring solutions.
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