GRC 20/20 Measures ROI for ProcessUnity Vendor Risk Management

Independent Research Quantifies Value of Third-Party Risk Management Software

Value Perspective Executive Summary: ProcessUnity Vendor Risk Management

GRC 20/20 evaluated ProcessUnity Vendor Risk Management to provide quantitative data on the measurable value businesses can expect to gain with the solution. The comprehensive research is based upon interviews with ProcessUnity users across financial services, clinical research, life sciences and professional services. A high-level summary of GRC 20/20’s findings follow below. Click here to review the research in its entirety.

Here is a snapshot of what the analysis found throughout key stages of the vendor lifecycle:

  • Management and Oversight: ProcessUnity users spend approximately 50% less time on third-party risk oversight and management activities.
  • Onboarding: GRC 20/20’s analysis concludes that ProcessUnity users reduce onboarding time to an average of 3 hours per vendor onboarded.
  • Ongoing Monitoring: ProcessUnity results in a minimum time efficiency savings of 85% for ongoing assessments and monitoring.
  • Third-Party Risk Reporting, Metrics & Analytics: With ProcessUnity, the time spent on case reporting and metrics is, estimated conservatively, 10% of the time organizations used to spend in manual processes.

GRC 20/20 evaluated the total average ROI users gain with ProcessUnity Vendor Risk Management. According to GRC 20/20:  

  • Large organizations utilizing ProcessUnity VRM can typically see a return on investment in 29 days. Over five years, they may average a total return on investment of $14,855,000.
  • Medium organizations utilizing ProcessUnity VRM can typically see a return on investment in 33 days. Over five years, they may average a total return on investment of $5,917,500.
  • Small organizations utilizing ProcessUnity VRM can typically see a return on investment in 37 days. Over five years, they may average a total return on investment of $2,915,250.
GRC 20/20 Value Perspective

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GRC 20/20 finds that ProcessUnity VRM delivers the following business benefits:  

  • Holistic awareness of risk: With ProcessUnity VRM in place, the organization aggregates third-party risk data and effectively communicates, monitors, and manages risk exposure.
  • Risk-intelligent decision-making: ProcessUnity VRM enables organizations to manage third-party risk exposure within a business context and complements the business lifecycle to support executive decision-making.
  • Accountability of issues: ProcessUnity VRM helps effectively communicate issues to stakeholders and drives successful issue management.
  • Multidimensional third-party risk analysis and planning: Various ProcessUnity VRM qualitative and quantitative analysis techniques enable the organization to understand third-party risk to feed into the analysis.

Click here to read the full report and learn how your organization can increase its effectiveness, efficiency and agility with ProcessUnity Vendor Risk Management. 


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