ProcessUnity Achieves the Highest Overall Position for Ability To Execute
CONCORD, MASS. – AUGUST 31, 2020 – ProcessUnity, a leading provider of cloud-based applications for risk and compliance management, today announced it has been positioned by Gartner in the Leaders quadrant of the Magic Quadrant for IT Vendor Risk Management Tools report for the second consecutive year.
“We believe this recognition from Gartner for the second consecutive year is tremendous validation that we are a market Leader in IT Vendor Risk Management,” said Sean Cronin, chief executive officer, ProcessUnity. “Our best-of-breed software, talented team and terrific customer base is the lifeblood of our organization and the combination of the three is what makes us so successful. In our view, having us positioned as the highest overall in ability to execute only further showcases our dedication to providing unparalleled software and services to our customers and partners.”
ProcessUnity Vendor Risk Management is a software-as-a-service (SaaS) application that helps companies identify and remediate risks posed by third-party service providers. Combining a powerful vendor services catalog with risk process automation and dynamic reporting, ProcessUnity Vendor Risk Management (VRM) streamlines third-party risk activities while capturing key supporting documentation that helps ensure compliance and fulfills regulatory requirements. ProcessUnity VRM provides powerful capabilities that automate tedious tasks and free up risk managers to focus on higher-value mitigation strategies.
 Gartner “Magic Quadrant for IT Vendor Risk Management Tools” by Joanne Spencer and Edward Weinstein, August 24, 2020.
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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. ProcessUnity is used by the world’s leading financial service firms and commercial enterprises. The company is headquartered outside Boston, Massachusetts. For more information, visit www.processunity.com.