ProcessUnity is a Leader in the 2024 Forrester Wave™ for Third-Party Risk Management Platforms

3 minute read

February 2024

The results are in: ProcessUnity is a Leader in the 2024 Forrester Wave™ for Third-Party Risk Management platforms.

Our team is extremely proud to see Forrester recognize ProcessUnity as a leader among the 13 ‘most significant’ vendors. In a detailed evaluation of these vendors, including ProcessUnity Third-Party Risk Risk Management, our platform received the top scores in the Strategy and Current Offering categories.

Download a complimentary copy of The Forrester Wave™: Third-Party Risk Management Platforms, Q1 2024 report and learn why ProcessUnity received the highest score in the current offering category.

We believe ProcessUnity’s position in the Forrester Wave is made possible by the measurable success of our customers and the dedication of our team. ProcessUnity Third-Party Risk Management is purpose-built to support our customers’ growth, ROI and overall success. The ProcessUnity team works hard to ensure that success – the combination of these factors is what we think sets us apart as a tool.

The report found that ProcessUnity “blends a mature solution with sophisticated automation with a global exchange and AI-driven due diligence and monitoring. The approach is risk-based, begins with data, prioritizes reducing questionnaire fatigue, and leverages AI to augment resource constraints.” The evaluation goes on to state, “Innovation includes an AI Policy Evaluator to score policy evidence for relevance to a risk framework. Its base implementation for low-maturity customers offers out-of-the-box features, data loading, and online training at no additional cost.”

ProcessUnity is continuing our track record of success after being recognized as a leader in the 2021 Gartner Magic Quadrant™ for IT Vendor Risk Management Tools, and receiving the highest score in the 2021 Gartner Critical Capabilities report for IT Vendor Risk Management Tools for VRM Solution Use Case.

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

Thank you to our incredible customers for their willingness to share success stories with their peers, other companies and industry experts. We believe these continued insights enable ProcessUnity to be a Leader in third-party risk management.

As our customers can attest, our platform is uniquely designed to support advanced technology integrations and workflows for organizations with complex processes and requirements. Customer insights highlight ProcessUnity’s configuration and an implementation engagement that supports dialogue between customers and third-party vendors – all while retaining the ability to automate existing processes without compromising to fit system limitations.

We believe our position in the 2024 Forrester research is due to our ability to quickly implement and configure complex workflows to clients’ vendor risk management programs and processes, and our continued efforts to create innovative processes in the third-party risk management landscape, including the expansive assessment repository available through the ProcessUnity Global Risk Exchange and the efficiency gains made possibly by the AI-enabled Policy Evaluator.

Automate Third-Party Risk Management with a Leader in the 2022 Forrester Wave™ for Third-Party Risk Management Platforms

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 Third-Party Risk Management landscape better. Leverage Forrester research to assist in building a shortlist of software providers that best fit your company’s requirements.

The Forrester Wave™: Third-Party Risk Management Platforms, Q1 2024, Alla Valente, Amy DeMartine, Caroline Provost, and Peter Harrison.





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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