February 1, 2024 at 05:23PM
ProcessUnity announced the integration of Global Risk Exchange, enhancing its third-party risk management platform. The influx of digital ecosystems has increased cyber and other risks, necessitating modernized risk management. ProcessUnity’s platform offers TPRM automation, a universal data core, global risk exchange, and AI-powered TPRM teams. The company’s solutions have achieved significant success in TPRM modernization.
Key points from the meeting notes:
1. ProcessUnity has completed the integration of the Global Risk Exchange, enhancing its third-party risk management (TPRM) solutions.
2. The company’s TPRM platform provides capabilities for continuous monitoring and mitigation across the entire third-party ecosystem.
3. Due to the increasing digital ecosystems and onboarding more vendors, the need for modernized TPRM programs has become critical.
4. Forrester research highlights that 69% of organizations’ TPRM programs are manual and only 30% evaluate at least half of their third-party relationships.
5. ProcessUnity’s platform features TPRM automation, a universal data core, the Global Risk Exchange, and AI-powered TPRM teams.
6. The CEO, Sean Cronin, emphasizes the success of TPRM modernization through the company’s solutions, resulting in significant benefits for organizations.
7. Independent research validates significant reductions in oversight time, onboarding time for third parties, post-contract risk assessments, and report production for TPRM leaders using ProcessUnity.
8. ProcessUnity has been recognized as a leader in third-party risk management platforms and has won awards for its solutions.
9. ProcessUnity is a leading provider of cloud-based applications for third-party risk and cybersecurity performance management, focusing on automation and alignment of programs and people.
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