ProcessUnity Recognized as a Leader in Third-Party Risk Management Platforms

Leading research firm provides the company with the highest scores in the Current Offering and Strategy categories

ProcessUnity, provider of comprehensive end-to-end third-party risk management and cybersecurity solutions to leading enterprises, today announced it has been positioned by Forrester as a Leader in The Forrester Wave™: Third-Party Risk Management Platforms, Q1 2024 (TPRM). The report notes that ProcessUnity “blends a mature solution with sophisticated automation with a global exchange and AI-driven due diligence and monitoring.”

Download a complimentary copy of The Forrester Wave™ for Third-Party Risk Management Platforms report and learn why ProcessUnity received “the strongest overall feedback from reference customers.”

“We’re proud that ProcessUnity is being recognized as a leader in TPRM platforms by Forrester. We are committed to continuous innovation to ensure our technology can adapt and scale with organizations as their third-party ecosystems grow and evolve,” said Sean Cronin, CEO at ProcessUnity. “We value customer success and are viewed as a trusted ally and partner for organizations, wherever they are on their risk management journeys. Our ability to alleviate challenges for both the enterprise and its third parties is what makes us unique, and we will continue to equip these organizations with advanced tools to mature their TPRM programs.”

The Forrester Wave is based on a 24-criterion evaluation of the 13 most significant third-party risk management platforms. ProcessUnity received the highest scores possible in 12 criteria:

• Risk management lifecycle: respond
• Risk management lifecycle: communicate
• Fourth-party assessment
• Interoperability
• Workflow
• Reporting and visualization
• Configurability
• Usability
• Innovation
• Roadmap
• Adoption
• Supporting services and offerings

ProcessUnity is actively providing the foundation for organizations and third parties around the world to shift from managing assessments to actually mitigating risk. Its all-in-one platform for third-party risk combines the power of:

• TPRM Automation: Manage the increasing complexity of supply chains and third-party relationships with tools to identify and assess the risks associated with each external party, monitor third-party performance and ensure external control effectiveness.
• Universal Data Core: Simplify TPRM data collection and analysis by providing a unified platform where all data related to third-party risk can be stored, analyzed and managed efficiently in a single system of record.
• Global Risk Exchange: Provide a robust library of over 15,000 standardized, attested risk assessments, including assessments of large, hard-to-assess third parties that typically don’t respond to assessment requests, as well as cyber risk data on nearly 300,000 third parties.
• AI-powered TPRM Teams: Elevate human performance and ensure uniformity in risk assessments via a suite of AI tools — Auto Inherent Risk, Predictive Risk Profiles and Policy Evaluator.

To learn more about ProcessUnity’s industry-recognized third-party risk management solution, visit https://www.processunity.com/.

About ProcessUnity

ProcessUnity is a leading provider of cloud-based applications for third-party risk and cybersecurity performance management. The ProcessUnity platform unifies how organizations assess, measure, and mitigate risk through automation. Built by a team of risk experts and implemented within the world’s leading enterprises, ProcessUnity solutions align programs and people to create a well-rounded defense against critical business risks. Headquartered outside of Boston, Massachusetts, ProcessUnity has earned recognition from leading analyst firms, customers and partners. For more information, visit http://www.processunity.com/.

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