Evident provides a third-party risk management platform that automates due diligence, onboarding, and continuous monitoring of suppliers, vendors, and customers through a network of over 4 million verified businesses. This solution reduces administrative overhead by 90% and enhances compliance by continuously tracking key risk signals across 140+ countries.
Funding
$46.1M raised to dateRaised to date based on public sources. This may differ from the amount the company actually raised and is based only on what is publicly available on the internet.
Founders
Product
Problem
Organizations face challenges in efficiently managing risks associated with third-party relationships, including suppliers, vendors, and customers. Traditional methods often involve manual processes, leading to administrative overhead, potential errors, and difficulties in maintaining continuous compliance.
Solution
Evident offers a third-party risk management (TPRM) platform that automates due diligence, onboarding, and continuous monitoring of third parties. The platform leverages a network of verified businesses and collects data from various sources to streamline risk assessments. By automating evidence collection and comparing data against configurable requirements or industry standards, Evident reduces administrative burden and enhances compliance. The platform provides continuous monitoring of key risk signals, enabling proactive risk management and stronger relationships with critical partners.
Target Audience
The primary target audience includes organizations that need to manage risks associated with suppliers, vendors, and customers, particularly those in regulated industries or with complex supply chains.
Features
- Automated due diligence by gathering facts across 30,000 data sources and comparing them with configurable requirements.
- Efficient onboarding through automated evidence collection, reducing manual effort.
- Access to a validated network of over 4 million verified third parties for faster responses and complete information.
- Continuous monitoring of key risk signals such as bankruptcies, judgments, and changes in insurance coverage.
- Configurable requirements to align with specific organizational needs and industry standards.
- AI-powered analytics for proactive risk identification and trend analysis.
- Support for 140+ countries and 65 languages, enabling global scale.