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ProcessUnity Vendor Risk Management

Streamline third-party risk activities while capturing key supporting documentation to ensure compliance and fulfill regulatory requirements.

Powerful, Automated Assessments

Vendor Cloud provides powerful capabilities that automate tedious tasks and free risk managers to focus on higher-value mitigation strategies.

Automated questionnaires put an end to inefficient paper surveys and spreadsheets and simplify the assessment process for both organisations and their partners.

Risk managers create, schedule and deploy questionnaires with any number of sections, questions and response types.

Organisations can accelerate their vendor risk program using Vendor Cloud’s complete assessment content, which includes sample vendor questionnaires, hundreds of categorized questions and process workflows.

For more established programs, ProcessUnity allows risk managers to easily import their existing content and methodologies.

Streamlined Questionnaires

Third and fourth parties complete questionnaires electronically within Vendor Cloud through a secure link, where they provide responses and comments, and can attach supporting documentation.

Question guidance provides vendors with additional support to ensure completed questionnaires are comprehensive and accurate.

Vendor Cloud tracks the overall assessment status and overdue questionnaire responses. The system automatically generates notifications based on specific responses and provides analyst instructions for the review process.

Analysts use Vendor Cloud to add their findings, track issues to resolution, and create and monitor remediation projects.

Alerts and notifications ensure all parties understand where follow-on actions are required.

Automate key phases of the Third Party Risk Management lifecycle

  • Vendor Onboarding
    Establish an enterprise-wide process to introduce potential providers
  • Vendor Due Diligence
    Establish objectivity in the pre-contract assessment process
  • Vendor Self-Assessments
    Automate distribution and assessment of periodic vendor reviews
  • On-Site Vendor Control Assessments
    Equip vendor risk assessment teams with the testing procedures required to evaluate the effectiveness of third-party control execution
  • Vendor Performance Reviews
    Vendor contract reviews turn contract obligations into measurable standards
  • Vendor Contract Reviews
    Create a centralised repository for vendor contract management information
  • Vendor SLA Monitoring
    Track vendor SLAs and report on key performance indicators
  • Vendor Issue Management
    Manage concerns from identification through remediation

ProcessUnity Top Scores for Vendor Risk Management Software

See why ProcessUnity scores highest overall in industry the latest Vendor Risk Management Critical Capabilities Report.

This new industry report is the first critical capabilities research written exclusively for the Vendor Risk Management (VRM) market.

As solutions evolve and vendor management leaders look to improve their VRM programs, this report can be used to inform them on individual capabilities and strengths of the highlighted VRM vendors.

Download a complimentary copy of an industry leading report on Vendor Risk Management here.

Learn more about ProcessUnity Third-Party Risk Management solutions at www.processunity.com 

 

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Why choose us?


We are specialists in Third Party Risk Management with over 18 years of experience in Cyber Security and Governance, Risk & Compliance
We are a Shared Assessments program member and recognised Assessment Firm with CTPRP-certified IT Security Assurance Consultants.
We are focused on delivering a Third Party Risk Management program that secures your data supply chain and enhances your IT security posture.