Prevalent is a third-party risk management (TPRM) platform and services offering used to assess, manage, continuously monitor, and remediate risks arising from vendors, suppliers, and other third parties across the full lifecycle (onboarding → assessments → remediation/workflows → ongoing monitoring → offboarding). The offering combines software with optional managed services and shared vendor intelligence/assessment artifacts.
Prevalent functions as a unified TPRM system intended to reduce reliance on spreadsheets and manual vendor questionnaires through templates, workflows, risk registers, and monitoring signals (cyber, financial, business/reputational). It also includes a vendor evidence/assessment sharing concept described by the vendor as a "Third-Party Marketplace."