Vendor Identity Intelligence with Dun & Bradstreet

Targeted Intelligence for Vendor Identification and Ultimate Beneficial Owner Confirmation

ProcessUnity Vendor Identity Intelligence seamlessly and automatically incorporates D&B’s D-U-N-S Search and Beneficial Owner Search into ProcessUnity’s Vendor Risk Management platform to enable true Know Your Vendor (KYV) capabilities for enhanced third-party due diligence, vendor assessments, issue management and ongoing monitoring processes.

ProcessUnity’s VII solution provides greater visibility into the onboarding and continuous monitoring process of a vendor’s lifecycle using Dun & Bradstreet’s comprehensive business data and insights. With seamless integration of D&B’s identification and screening capabilitiesProcessUnity VII provides critical insights into a third party’s risk posture, strengthening the relationship between a business and its vendors, third parties and suppliers.

ProcessUnity Vendor Risk Management + D&B’s D-U-N-S Search and D&B’s Beneficial Owner Search

Vendor Identity Intelligence combines ProcessUnity Vendor Risk Management automation with D&B’s Search and unique business identification to enhance third-party risk management.

Dun & Bradstreet Search Vendor Request Profile

To enhance due diligence, Dun & Bradstreet’s D-U-N-S Search is incorporated into the onboarding process for improved vendor identity validation and accuracy.

Dun & Bradstreet Search Vendor Profile

The D-U-N-S Number and associated vendor attributes such as address, family tree role (headquarters, branch, subsidiary, etc.) and most senior principle are populated within the vendor profile in ProcessUnity.

Dun & Bradstreet Search Form

The D-U-N-S search results are displayed by confidence level based on D&B’s unique algorithm. Once the correct entity is selected, the D&B content is populated on the vendor record within ProcessUnity.

Beneficial Owner Search Form

Beneficial owners associated with a vendor’s D-U-N-S number can be filtered by several attributes including ownership percentage, degree of separation and disclosed or undisclosed holdings.

Beneficial Owner Tab

The beneficial owners tab displays all selected owners and allows analysts to associate additional owners with the vendor.

Beneficial Owner Business Record

Risk analysts can easily initiate due diligence processes to screen beneficial owner business records against sanction lists, regulatory enforcements, law enforcements and more.

Beneficial Owner Individual Record

Risk analysts use beneficial owner individual records to initiate screenings against PEP lists, sanction lists, regulatory enforcements, law enforcements and other risks associated with individual owners.

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Accurate Vendor and Beneficial Owner Identification for Enhanced Onboarding​ 

Vendor Identity Intelligence significantly reduces time to onboard vendors by providing third-party risk managers greater visibility into the business entity and its ownership structure. 

Thorough Vendor Assessments 

The identity verification provided by VII, coupled with the risk intelligence from the Shared Assessments SIG questionnaire, gives analysts a wider view of potential risks for a more thorough vendor evaluation and streamlined assessment analysis. 

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 Identity Intelligence dashboards and reports provide a holistic view of risk across vendor populations. 

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Solution Components

Vendor Identity Intelligence is comprised of six components: ProcessUnity Vendor Risk Management platform, D&B’s D-UN-S Search, D&B’s Beneficial Owner Search, the ProcessUnity D&B D-U-N-S Search Connector, the ProcessUnity D&B Beneficial Owner Connector and a combination of pre-built workflows, notifications, reports and dashboards to power vendor due diligence, third-party assessments, issue tracking and remediation and ongoing monitoring processes.

D&B’s D-U-N-S Search uses input criteria to find the best candidates in its extensive database of business entities. It uses a proprietary algorithm to identify the best matches and returns relevant matches with detailed information about what criteria was used to find the match. The D-U-N-S Search follows the below three steps:

  • Cleanse, parse and standardize
  • Retrieve candidates
  • Evaluate and decide

Benefits: Vendor
Identity Intelligence

  • Intelligent Vendor Onboarding
  • Enhanced Vendor Due Diligence
  • Ongoing & Continuous Vendor Monitoring
  • Integrated Vendor Assessments
  • Real-Time Issue Management
  • Streamlined Reporting

D&B’s Beneficial Ownership List identifies both vendors and individuals and indicates their relationship to the specified D-U-N-S Number to identify an organization’s Ultimate Beneficial Owners (UBOs). ProcessUnity’s connectors seamlessly integrate D&B’s D-U-N-S Search and Beneficial Owner Search by passing parameters from ProcessUnity to Dun & Bradstreet. The connector presents lists of the best matches within the ProcessUnity platform, eliminating the need to access multiple applications or manually look for information on each entity. To automate intelligence and add objectivity into the onboarding and continuous monitoring processes, this information from D&B is incorporated into search grids to help inform third-party managers of the best candidate to select. Third-party risk managers can then select the correct candidate to initiate automated workflows for continuous, ongoing vendor monitoring, issue creation and management.

Vendor Identity Intelligence is built on ProcessUnity’s Best Practice 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, ProcessUnity’s Best Practices Program delivers a complete, “out-of-the-box” program 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.

ProcessUnity’s Best Practices Program employs industry standard questionnaires to further streamline the vendor assessment process. The identity verification provided by VII, coupled with the risk intelligence from the questionnaire, gives analysts a wider view of potential risks for a more thorough vendor evaluation.

Interactive Dashboards & Reports

ProcessUnity Vendor Identity Intelligence provides a realtime, wholistic view of the third-party lifecycle 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 to executives and regulators the existence of a consistent, reliable and repeatable program.

With built-in integration to D&B’s D-U-N-S Search and Beneficial Owner Search, the ProcessUnity Vendor Identity Intelligence provides third-party risk teams with a complete Third-Party Risk Management solution that can be deployed in a matter of weeks. These components combine to provide critical insights into a third party’s risk posture, strengthening the relationship between a business and its vendors, third parties and suppliers.

Schedule a Vendor Identity Intelligence Demonstration

Incorporate expert vendor intelligence into your Third-Party Risk Management program today. Contact ProcessUnity for a live demo.

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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.