Third-Party Risk Management Software
Vendor Risk Assessments
ProcessUnity VRM's automated questionnaires put an end to inefficient paper surveys and spreadsheets creating a simplified assessment process for both organizations and their partners. Risk managers create, schedule and deploy questionnaires with any number of sections, questions and response types.
Vendor Assessment Reviews
The Vendor Self-Assessment Status Report displays the current state of each vendor risk assessment.
Vendor Assessment Scoring & Preferred Responses
Vendor Self-Assessment reports quickly identify problem areas that may require additional scrutiny.
Automatically Scope Vendor Risk Assessments and Score via Preferred Responses
Organizations can accelerate their vendor risk program using ProcessUnity VRM’s complete assessment content, which includes sample vendor questionnaires with hundreds of categorized questions and process workflows. For more established programs, ProcessUnity allows risk managers to easily import their existing content and methodologies.
ProcessUnity VRM automates vendor self-assessments with tools for:
- Scheduling Alerts
ProcessUnity Vendor Risk Management pushes vendor assessment notifications, in advance of approaching deadlines, to your assigned compliance team members and to third-party representatives.
- Scoping and Distributing Vendor Risk Assessments
Vendors receive only the questions that are relevant to them, and can complete their due diligence questionnaire through a cloud-based portal that assembles responses.
- Tracking “Preferred Responses”
You set the preferred response, in line with your policies, for each question. The ProcessUnity dashboard flags responses in accordance with your expectations, assigning green, red or yellow codes for acceptable, unacceptable or questionable responses.
- Monitoring Completion Status
You get real-time status updates regarding vendor risk assessment completions; as deadlines approach, the system pushes alerts and escalation notifications to internal teams and vendors.
Request a Demo: ProcessUnity Vendor Risk Management
Hundreds of organizations worldwide rely on ProcessUnity to make Vendor Risk Risk Management more effective and efficient. Schedule your personalized demo of our award-winning software and start your journey to a more mature, automated vendor risk management program today!