The modern enterprise is not only responsible for managing itself, but for overseeing an often vast vendor population who provide everything from cleaning services to mission-critical operations support. Your success – and in some cases, even your business continuity – may depend on their integrity. And when they have access to sensitive data, yours or your customers’, regulators insist that they be held to the same standards you apply to your own business. At every stage in the relationship, from vendor onboarding and SLA management to audits and contract renewals, you must maintain control you can document with evidence. That’s where IT Vendor Risk Management Tools come in to streamline and automate your third-party risk management program.
ProcessUnity's Vendor Risk Management platform automates your third-party risk program.
Reduce vendor fatigue with easy-to-complete self-assessments with automated scoring and preferred responses.
ProcessUnity establishes an objective pre-contract due diligence process and an ongoing monitoring cadence post-contract.
When you’re managing multiple vendors, with multiple policies and through multiple functional areas, you multiply your overall potential risk. Standard manual processes, via scattered spreadsheets and email communications, open up too many opportunities for error: dates and deadlines get dropped, policies overlooked, and auditors may lose confidence in your control. You need one centralized Vendor Risk Management platform that gives you precise and accurate command of who you are working with, what potential risks they impose, and how you are bringing their activities under the authority of your contracts, policies, and procedures.
ProcessUnity Vendor Risk Management helps organizations effectively and efficiently manage the risk, cost and complexity of critical vendors throughout the entire relationship – onboarding, contracts, due diligence, performance monitoring, quality and service level management. With a single system for vendor-risk information and powerful automation, organizations streamline end-to-end Vendor Risk Management processes for enterprises, vendors and assessors. Management-level reporting reduces operational exposures, surprises and losses while ensuring results stand up to regulatory scrutiny.
Through ProcessUnity Vendor Risk Management, you gain:
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