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 capabilities, ProcessUnity VII provides critical insights into a third party’s risk posture, strengthening the relationship between a business and its vendors, third parties and suppliers.
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.
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.
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 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.
The beneficial owners tab displays all selected owners and allows analysts to associate additional owners with the vendor.
Risk analysts can easily initiate due diligence processes to screen beneficial owner business records against sanction lists, regulatory enforcements, law enforcements and more.
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.
ProcessUnity’s Vendor Identity Intelligence (VII) solution combines the automation of ProcessUnity Vendor Risk Management with D&B’s Search and unique business identification to enhance third-party risk management.
VII significantly reduces time to onboard vendors by providing third-party risk managers greater visibility into the business entity and its ownership structure.
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.
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.
ProcessUnity Vendor Identity Intelligence dashboards and reports provide a holistic view of risk across vendor populations.
ProcessUnity VII combines D&B’s search and unique business identification 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 Identity Intelligence datasheet to learn more.
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