The title says it all – Gartner has again recognized ProcessUnity as a Leader in the 2020 Gartner Magic Quadrant for IT Vendor Risk Management Tools.
This week, Gartner published both the 2020 Magic Quadrant  and Critical Capabilities  for IT Vendor Risk Management Tools. We are extremely excited to report that we have been positioned as a Leader in the Gartner Magic Quadrant for the second consecutive year. Not only have we maintained our Leaders’ position, we are again positioned highest in “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.
The 2020 Critical Capabilities report brings even more good news – we have received the highest score in our qualifying use case (Vendor Risk Management Solution) for the third consecutive year. The 220 Critical Capabilities for IT Vendor Risk Management Tools, written by Gartner analysts Joanne Spencer and Edward Weinstein, evaluates Vendor Risk Management platforms across a variety of use cases and categories to we believe help prospective buyers determine which solution might meet their individual program requirements.
We believe that a combination of these two reports can be a blueprint for risk management professionals to understand various/different IT Vendor Risk Management solutions within the market. In our opinion, a successful IT Vendor Risk Management vendor should help organizations streamline onboarding, due diligence and assessment processes and effectively understand the state of vendor risk. Research shows that the right mix of people, processes and technology result in the most effective and comprehensive programs.
IT Vendor Risk Management programs can not only safeguard companies from potential weaknesses in their vendors that can lead to data extraction, financial and reputational damage, but can also save valuable time, money and resources.
Needless to say, we are pretty excited about our software and our customers’ success over here at ProcessUnity.
ProcessUnity Vendor Risk Management: Our Success is Due to Our Terrific Customer Base
Thank you to all of our customers – our positioning within the latest IT Vendor Risk Management Magic Quadrant and scores within the Critical Capabilities wouldn’t be possible without our amazing clients.
As our customers can attest, we are highly responsive and adaptive to customer demands and requirements. Because of this, we can quickly configure the software to meet each of our clients’ unique Third-Party Risk Management program needs.
We believe our placement in the 2020 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 better understand the Vendor Risk Management landscape. Leverage Gartner’s research to assist in building a shortlist of software providers that best fit your company’s requirements.
Download the 2020 Gartner Magic Quadrant for IT Vendor Risk Management Tools and the 2020 Gartner Critical Capabilities for IT Vendor Risk Management Tools to get started on your Vendor Risk Management program journey today.
This graphic was published by Gartner, Inc. as part of a larger research document and should be evaluated in the context of the entire document. The Gartner document is available upon request from ProcessUnity. 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.
 Gartner “Magic Quadrant for IT Vendor Risk Management Tools” by Joanne Spencer and Edward Weinstein, August 24, 2020.
 Gartner “Critical Capabilities for IT Vendor Risk Management Tools” by Joanne Spencer and Edward Weinstein, August 24, 2020.