How Financial Ratings and Cybersecurity Scores Enhance Vendor Risk Management

3 minute read

July 2019

RapidRatings, Security Scorecard and BitSight Enhance Vendor Risk Management Process

As a standalone solution, ProcessUnity’s cloud-based Vendor Risk Management software delivers significant value by helping organizations streamline onboarding, due diligence and assessment processes and effectively understand the state of third-party risk.  Better yet, the platform can incorporate specialized intelligence and risk ratings – cybersecurity scores, financial ratings, watchlist screening, and more – into vendor records for an even more comprehensive view of the potential risks posed.   

ProcessUnity offers a suite of vendor risk rating connectors that quickly and easily integrate data into individual Vendor Risk Management programs to create holistic vendor views.

The growing set of ProcessUnity connectors enables vendor managers to reinforce the credibility of assessments with internal auditors and external regulators and continuously monitor vendors between periodic assessments. Connectors can automate the association of external risk ratings and provide additional vendor validation to help vendor managers make sound risk management decisions.

The ProcessUnity Vendor Intelligence Suite Ecosystem

ProcessUnity Vendor Intelligence Suite incorporates best-of-breed vendor risk ratings and rankings from leading external data providers to help improve assessments processes, determine security risks, conduct financial risk reviews and check vendors’ reputations. Our partners include:

Vendor Assessment Processes

ProcessUnity’s Shared Assessments Connector streamlines the vendor assessment process with access to best-in-class SIG (Standard Information Gathering) questionnaires. 

Vendor Risk Management administrators can quickly import SIG workbooks to create ProcessUnity questionnaire templates that can be used as the scope for Vendor questionnaire assessments. Vendor contacts can then easily import their responses at the click of a button.

Vendor Security Risk Reviews

The integration of security scores and ratings into a Vendor Risk Management platform provides single, comprehensive view of relevant IT security information to enhance the vendor assessment process.

ProcessUnity’s pre-built connector to the BitSight Security Ratings Platform supplements IT security risk assessments with objective cybersecurity ratings and rankings for an even more complete view of vendor populations, eliminating the need to manually enter, recalculate risk scores, and/or continually update information on each organization being assessed.

ProcessUnity also offers SecurityScorecard Connector, offering holistic insight into any organization’s security posture based on the collection, analysis, and attribution of millions of critical data points and providing an overall IT vendor risk score.  

Vendor Financial Risk Reviews

Objective financial health assessment is necessary for proper vendor due diligence as it provides a multidimensional view of each vendor’s financial health.

ProcessUnity’s RapidRatings Connector uses a unique quantitative analytics model to measure the financial health of public and private companies, providing empirical ratings — uninfluenced by company bias —which serve as accurate and predictive indicators of a company’s financial viability, operational efficiency, and resilience.

ProcessUnity has also partnered with Dun & Bradstreet to provide the D&B Direct 2.0 content feed, delivering scores that serve as key indicators of financial status and the risks associated with doing business with a specific organization to drive more-informed business decisions and reduce risk to organizations and their clients.

Reputation and Identity Risk Reviews

Integrating external reputation and identity risk reviews into the ProcessUnity Vendor Risk Management platform can provide an even more complete view for rigorous due diligence, performance reviews, and SLA monitoring.

ProcessUnity’s connector with Refinitiv (formerly Thomson Reuters WorldCheck) is used for transaction monitoring, enhanced due diligence, and onboarding. The service continuously monitors vendor organizations and their employees, delivering real-time notifications for potential issues that may signal heightened risk.

Additionally, ProcessUnity’s connector with NominoData’s OneClickCOMPLIANCE empowers analysts, investigators, and financial institutions with real-time intelligence to drive more informed business decisions regarding third-party vendors.

Gain Complete Visibility Using Vendor Risk Ratings

By leveraging pre-built connectors, administrators can automatically integrate risk ratings data from trusted providers with specific risk domain expertise — in security, financial status, reputation and more — into the ProcessUnity workflows and reports to manage and monitor risk. That way, users gain more complete visibility into the risk profile of third parties while reducing the manual effort required for due diligence.

Contact ProcessUnity or schedule a Vendor Intelligence Suite Demonstration why external vendor risk ratings, with richer content and specialized intelligence, can inform a comprehensive Vendor Risk Management program.


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About Us

ProcessUnity is a leading provider of cloud-based applications for risk and compliance management. The company’s software as a service (SaaS) platform gives organizations the control to assess, measure, and mitigate risk and to ensure the optimal performance of key business processes. ProcessUnity’s flagship solution, ProcessUnity Vendor Risk Management, protects companies and their brands by reducing risks from third-party vendors and suppliers. ProcessUnity helps customers effectively and efficiently assess and monitor both new and existing vendors – from initial due diligence and onboarding through termination. Headquartered outside of Boston, Massachusetts, ProcessUnity is used by the world’s leading financial service firms and commercial enterprises. For more information, visit