ProcessUnity’s Vendor Risk Management (VRM) software protects corporate brands by reducing risk from third parties, vendors and suppliers. Our tools help customers effectively and efficiently assess and monitor both new and existing vendors – from initial onboarding to ongoing due diligence and monitoring. Through automation and standardization, ProcessUnity customers reduce busy work, streamline regulatory reporting and improve overall visibility into vendor performance.

We support small companies just getting started with vendor risk and large enterprises with the most complex program requirements. With ProcessUnity Vendor Risk Management, customers quickly streamline their third-party risk management processes and ensure their results will stand up to regulatory scrutiny.

ProcessUnity Vendor Risk Management automates the third-party risk management lifecycle. Highlights include:

·        Vendor Onboarding

Create a consistent, reliable process for vetting new vendors

·        Inherent Risk Scoring & Vendor Classification

Determine due diligence levels and assessment scope from inherent risk scores

·        Vendor Due Diligence & Ongoing Monitoring

Establish an objective pre-contract process and post-contract cadence

·        Intelligent Vendor Assessments with Automated Scoring

Automatically scope vendor assessments and score via preferred responses

·        Vendor Issue Management

Identify, manage and remediate issues across assessment processes

·        Vendor Contract Management

Manage third-party agreements, contracts, terms and other legal documents

·        SLAs & Vendor Performance Management

Track SLAs and perform periodic vendor service reviews

·        Onsite Vendor Control Assessments

Evaluate the effectiveness of third-party control execution with onsite assessments