ProcessUnity Vendor ESG Intelligence seamlessly and automatically incorporates Ecovadis’ business sustainability ratings into ProcessUnity’s Vendor Risk Management platform to provide actionable insights for environmental, social and ethical risks. ProcessUnity’s VEI solution provides greater visibility for the onboarding and continuous monitoring process of a vendor’s lifecycle using business data and insights. With seamless integration of EcoVadis’ ratings and scorecard content, ProcessUnity VEI provides actionable insights into a third party’s sustainability performance to reduce risk, create transparency, and improve environmental and social outcomes.
ProcessUnity Vendor Risk Management Best Practices + Ecovadis
ProcessUnity’s Vendor ESG Intelligence (VEI) solution combines the automation of ProcessUnity Vendor Risk Management with EcoVadis’ sustainability business ratings to enhance third-party risk management.
Third-party risk analysts can complete an EcoVadis Assessments request directly within ProcessUnity to expedite onboarding.
Five-Minute Demo: Vendor ESG IntelligenceWatch Now
Accurate Vendor ESG Ratings for Informed Onboarding
VEI significantly reduces time to onboard vendors by providing third-party risk managers with a globally recognized rating (Platinum, Gold, Silver & Bronze medals) to quickly communicate the supplier’s performance level across environmental, social and ethical risk areas.
Thorough Vendor Assessments
ProcessUnity VEI integrates Ecovadis’ ESG factors with the risk intelligence from the Shared Assessments SIG questionnaire to give analysts a wider view of potential risks and greater insight into a company’s reputation risk or potential for supply chain disruption.
Real-Time Issue Management
Intelligent automation enhances issue identification and creation throughout a vendor’s lifecycle. Third-party analysts gain a complete issue tracking and management process that reduces subjectivity and speeds resolution.
Dashboard and Analytics
ProcessUnity Vendor ESG Intelligence dashboards and reports provide a wholistic view of risk across vendor populations that enable, benchmark and compare performance across the entire vendor population.
ProcessUnity VEI combines Ecovadis’ business sustainability ratings with ProcessUnity’s Best Practices Program which includes pre-built workflows, notifications, reports and dashboards to support each stage of the vendor risk lifecycle. Download the ProcessUnity Vendor ESG Intelligence datasheet to learn more.
Explore ProcessUnity Vendor Intelligence SuiteLearn More
ProcessUnity Vendor ESG Intelligence is comprised of four key components: ProcessUnity Vendor Risk Management, the ProcessUnity EcoVadis Connector, EcoVadis’ business sustainability ratings and a combination of pre-built workflows, notifications, reports and dashboards that power enhanced third-party due diligence, vendor assessments, issue management and ongoing monitoring processes.
EcoVadis rates sustainability performance by assessing a company’s policies, actions and results, as well as inputs from third-party professionals and external stakeholders across seven management indicators and 21 sustainability criteria, in four key themes:
- Labor & Human Rights
- Sustainable Procurement
Operating at a global level, EcoVadis considers regional regulations and languages while also incorporating industry labels and certifications or the individual standards of a company or organization. EcoVadis accounts for a company’s own documentation, third party inputs like labels and certifications, as well as external news sources like watch lists and databases to give procurement and sustainability teams immediate ESG risk insights across their entire supply base.
Benefits: Vendor ESG Intelligence
- Intelligent Vendor Onboarding
- Enhanced Vendor Due Diligence
- Ongoing & Continuous Vendor Monitoring
- Integrated Vendor Assessments
- Real-Time Issue Management
- Streamlined Reporting
This robust risk visibility across all suppliers enhances third-party due diligence, vendor assessments, issue management and ongoing monitoring processes by providing actionable insights into environmental, social and ethical risks. ProcessUnity VEI lends insight into the vendor’s biodiversity, pollution issues, product use and end of life practices, employee health and safety, modern slavery, human trafficking violations, corruption, anticompetitive practices and more.
ProcessUnity seamlessly integrates EcoVadis’ sustainability ratings into its leading vendor risk management platform using a pre-built connector – eliminating the need to manually enter or recalculate rating and streamlining the vendor review process within one application. Analysts are presented with real-time EcoVadis reports and can review the full details behind each assessment. Additionally, the analyst can request a new assessment within the ProcessUnity platform. These ratings and scores from EcoVadis are paired with the overall risk calculation inside ProcessUnity to lend insight into a supplier’s environmental and social practices and overall risk to the business.
Vendor ESG Intelligence is built on ProcessUnity’s Best Practices Program for Vendor Risk Management – a complete, proven third-party risk program with turn-key workflows, assessments, calculations, risk analysis and reporting. Developed by Third-Party Risk Management subject matter experts and perfected via hundreds of successful customer implementations, Best Practices Program delivers a complete, “out-of-the-box” solution with a high-quality, systematic and repeatable assessment process that improves communication between lines of business – third-party risk analysts and third-party contacts – to ultimately drive risk out of an organization. With built-in integration to EcoVadis’ sustainability ratings, VEI supports third-party risk teams with a complete Third-Party Risk Management solution that deploys in a matter of weeks.
Interactive Dashboards & Reports
ProcessUnity Vendor ESG Intelligence provides a real-time, wholistic view of the risk across vendor populations through pre-built interactive reports and dashboards. Drill-down capabilities allow users to quickly find the details in any areas of concern while ProcessUnity’s extensive custom reporting capabilities enable the creation of role-specific reports to demonstrate the existence of a consistent, reliable and repeatable program to executives and regulators.
Schedule a Vendor ESG Intelligence Demonstration
Incorporate expert vendor intelligence into your Third-Party Risk Management program today. Contact ProcessUnity for a live demo.Schedule a Demo
About ProcessUnity Vendor Risk Management
ProcessUnity’s Vendor Risk Management software protects companies and their brands by reducing risks from third-party vendors and suppliers. Our platform helps customers effectively and efficiently assess and monitor both new and existing vendors – from initial due diligence and onboarding to termination. Through automation and standardization, ProcessUnity customers reduce busy work, streamline regulatory reporting, and improve overall visibility into vendor performance. Learn more about ProcessUnity and Third-Party Risk Management.