CONCORD, MASS. – MAY 16, 2022 – ProcessUnity, a leading provider of cloud-based applications for risk and compliance management, today announced it has been positioned by Forrester as a Leader in The Forrester Wave™: Third-Party Risk Management Platforms, Q2 2022. The report states that ProcessUnity “helps customers overcome ’people and data fatigue’ associated with TPRM with a nine-module SaaS platform and is unique in supporting every stage of the third-party risk lifecycle, such as sourcing, vendor performance, and contract management.”
“We’re extremely proud to see Forrester recognize ProcessUnity’s position as a leader in their third-party risk management software evaluation,” said Sean Cronin, Chief Executive Officer, ProcessUnity. “We believe this recognition is due to our platform’s ability to meet the needs of any organization, no matter how complex their program. The measurable success of our customers and our team’s dedication to ensuring that success is what sets us apart in the market.”
The Forrester Wave is based on a 27-criterion evaluation of the 12 “most significant” third-party risk management platform vendors. ProcessUnity received the highest scores possible in the strategic planning, sourcing and procurement; collection and verification; risk assessment and analysis; fourth-party assessment; analytics; communication and collaboration, and interoperability criteria.
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 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.