Gartner Names ProcessUnity a Leader in the 2021 Gartner® Magic Quadrant™ for IT Vendor Risk Management Tools

ProcessUnity Named a Leader in the 2021 Gartner Magic Quadrant

The title says it all – Gartner has again recognized ProcessUnity as a Leader in the 2021 Gartner Magic Quadrant for IT Vendor Risk Management Tools.  

This week, Gartner published both the 2021 Magic Quadrant [1] and Critical Capabilities [2] for IT Vendor Risk Management Tools. We are extremely excited to report that we are positioned as a Leader in the Gartner Magic Quadrant for the third consecutive year. Not only were we recognized again in the Leaders’ quadrant, but we are also again positioned highest for “Ability to Execute.” We believe this is due to our ability to quickly implement complex workflows to clients’ vendor risk management programs and processes, ensuring customer success.  

Click here to download a complimentary copy of the 2021 Gartner Magic Quadrant for IT Vendor Risk Management Tools and learn why ProcessUnity is placed the highest on “Ability to Execute” axis.  

Gartner Critical Capabilities allow you to relate your requirements and needs against a specified set of Use Cases and Gartner-identified critical capabilities for products or services, the 2021 Critical Capabilities for IT Vendor Risk Management Tools, brings even more good news. ProcessUnity received the highest score (4.21/5.0) for the Vendor Risk Management Solution Use Case for the fourth consecutive year. Written by Gartner analysts Joanne Spencer, Luke Ellery and Edward Weinstein, the report evaluates Vendor Risk Management platforms across various use cases and categories to help prospective buyers determine which solution might meet their individual program requirements.  

Click here to download your complimentary copy of the 2021 Gartner Critical Capabilities for IT Vendor Risk Management Tools.  

We believe that a combination of these two reports can be a blueprint for risk management professionals to evaluate IT Vendor Risk Management solutions within the market. In our opinion, a successful IT Vendor Risk Management vendor should help organizations streamline vendor onboardingdue diligence and vendor risk assessment processes and effectively understand the state of third-party risk. Research shows that the right mix of people, processes and technology result in the most effective and comprehensive programs.  

Capable IT Vendor Risk Management tools can safeguard companies from potential weaknesses in their vendors that can lead to data extraction, financial and reputational damage, and save valuable time, money, and resources.  

Needless to say, we are incredibly excited about our software and our customers’ success over here at ProcessUnity.  

ProcessUnity Vendor Risk Management: Our Success is a Result of Our Customers’ Success 

Thank you to our customers – ProcessUnity’s positioning within the latest IT Vendor Risk Management Magic Quadrant and scores within the Critical Capabilities wouldn’t be possible without our customers’ willingness to share their success stories with their peers, other companies and industry experts.  

As our customers can attest, we are highly responsive and adaptive to customer demands and requirements. We believe our platform is the most flexible solution in the market, and that allows our customers to quickly configure the software to meet each of their unique Third-Party Risk Management program needs.  

We believe our placement in the 2021 Magic Quadrant Leaders Quadrant and scores within Critical Capabilities is due to our ability to quickly implement and configure complex workflows to clients’ vendor risk management programs and processes.  

Automate Third-Party Risk Management with a Leader in Gartner Magic Quadrant for IT Vendor Risk Management Tools

Are you looking to jumpstart your Third-Party Risk Management software evaluation process? These reports can be utilized as resources in your decision-making process to understand the Vendor Risk Management landscape better. Leverage Gartner research to assist in building a shortlist of software providers that best fit your company’s requirements.  

Download the 2021 Gartner Magic Quadrant for IT Vendor Risk Management Tools and the 2021 Gartner Critical Capabilities for IT Vendor Risk Management Tools to get started on your Vendor Risk Management program journey today. 

Gartner, Magic Quadrant for IT Vendor Risk Management Tools, By Joanne Spencer, Edward Weinstein, Luke Ellery, 30 August 2021. 

Gartner, Critical Capabilities for IT Vendor Risk Management Tools, By Edward Weinstein, Joanne Spencer, Luke Ellery, 31 August 2021. 

Disclaimer: Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose 

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