How to Facilitate Third-Party Risk Assessments Using the ProcessUnity Global Risk Exchange

5 minute read

February 2025

by Kaitlyn Frank

Managing third-party risk is a complex and resource-intensive challenge for most organizations. Traditional risk assessments require significant manual effort, vendor participation and responsiveness, and ongoing monitoring to ensure continuous security past onboarding. Many third-party risk teams struggle with assessment backlogs, limited visibility into their vendor ecosystems, and outdated third-party risk data that fails to capture the most business-critical risks.

Without an efficient way to collect and analyze third-party risk information, organizations often resort to assessing a limited portion of their third parties, leaving a substantial portion of their portfolio unevaluated.

ProcessUnity has a solution to eliminate the time you spend on data-heavy, outdated vendor assessments: the new Global Risk Exchange.

Launching today, the new ProcessUnity Global Risk Exchange solves third-party management challenges by offering organizations a streamlined way to evaluate third-party risk at scale. By centralizing attested assessments, risk intelligence, and external threat data in a single, structured dataset, third-party risk teams can analyze portfolio-wide insights to make faster, more informed decisions while reducing assessment burdens.

The Global Risk Exchange: Breaking Down Third-Party Assessment Roadblocks

ProcessUnity’s Global Risk Exchange is home to the industry’s largest collection of over 18,000 (and constantly growing) attested vendor assessments and more than 360,000 vendor risk profiles. This extensive collection includes profiles based on internal and external data sources, including third-party attested questionnaires, external scanning, threat intelligence, automated risk profiles, and more.

By leveraging this wealth of information, organizations can overcome the common roadblocks and resource constraints that hinder accurate and timely third-party onboarding and due diligence, as well as actionable risk management insights.

Dive into the Global Risk Exchange from ProcessUnity in our new whitepaper. Download now.

Holistic Third-Party Risk Evaluation

The next generation of the Global Risk Exchange provides a holistic and accurate evaluation of vendor risk, without the traditional back-and-forth with vendors that your team currently is forced to do. Once a third party completes their assessment profile within the Global Risk Exchange, it can be shared (with the vendor’s permission) with organizations in search of the same vendor’s risk data. Profiles are consistently updated when third parties or external data partners have new or additional risk data to include, giving third-party risk teams instant access to the most up-to-date information whenever they need it.

The Exchange also integrates external risk data to validate vendor responses, complete missing pieces of a vendor’s risk profile, and verify that the vendor-reported data paints an accurate picture of their risk.

With access to completed assessments, intelligence data, and external risk reports, your team has a 360-degree view of your vendor’s risk posture. With powerful analytics and insights, we help you find the signal in the noise so that you can make meaningful and impactful risk decisions and identify and address new threats efficiently.

Why Third Parties Favor the Exchange Model

The Global Risk Exchange doesn’t just improve the assessment process for organizations looking to assess their vendor pool; it also reduces many of the assessment burdens felt by third parties. For third parties, participating in the ProcessUnity Global Risk Exchange offers significant advantages by streamlining the process of fulfilling multiple assessment requests.

Instead of repeatedly filling out lengthy security questionnaires for every client engagement, third parties can complete a single, standardized assessment and share it with multiple organizations. This reduces the burden of redundant work, accelerates sales cycles, and ensures that third parties present a consistent, validated security posture.

By maintaining an up-to-date profile with attested assessments, vendors can also proactively demonstrate their commitment to security and compliance, building trust with customers and differentiating themselves in competitive markets.

The ability to refresh assessment data at any time also allows third parties to avoid full re-assessment requests during the vendor lifecycle. By actively participating in the Global Risk Exchange, third parties make themselves more attractive and resilient by managing and providing an ongoing representation of their company’s risk.

Key Advantages of the Global Risk Exchange

The ProcessUnity Global Risk Exchange offers your team significant time savings and enhanced confidence in your third-party risk decisions. The streamlined approach to third-party assessments reduces manual effort and allows your teams to focus on high-priority risks.

The three key advantages of the enhanced Global Risk Exchange include:

  1. Access to the World’s Largest Library of Verified Third-Party Risk Assessments

    The Global Risk Exchange is the world’s largest repository of vendor risk data, combining vendor-attested assessments with external risk ratings from leading intelligence providers. This unified approach ensures that your decisions are based on both vendor-reported information and independent risk evaluations. This can benefit your program in many ways, including:

    • Increasing the efficiency of your vendor onboarding with access to auto inherent risk scores and milestone tracking.
    • Eliminating repetitive vendor requests and completing assessments with speed and efficiency not previously possible.
    • Continuous monitoring and improved visibility into new vulnerabilities.
  2. More Comprehensive Coverage Across Your Entire Third-Party Network

    Risk can emerge from unexpected sources, and many organizations struggle to assess their entire vendor portfolio due to resource constraints. The Global Risk Exchange enables comprehensive portfolio coverage, including:

    • Access to over 360,000 Vendor Risk Profiles, providing immediate insight into critical risk levels, even for your large, harder-to-reach but critical vendors.
    • Instant inherent risk data for every vendor in your portfolio.
    • Accurate identification of fourth-party risk.
  3. Easy Integration With the Rest of Your Third-Party Risk Management (TPRM) Program

    While having access to third-party assessment data is a win for your risk and security teams, it’s critical to be able to access and apply assessment data throughout your TPRM program. The Global Risk Exchange has complete functionality to integrate into your workflow so you can access assessment information where you need it:

    • Easy, immediate integration with ProcessUnity TPRM Platform to create a unified, end-to-end solution for managing vendor risk.
    • Integration of vendor assessment data with your vulnerability and threat response program. ProcessUnity offers a Threat and Vulnerability Response platform to help facilitate this in the same, unified platform, but your team can integrate with the threat response workflow of your choosing.
    • Flexible API Integration for organizations using other risk management tools to ensure seamless data sharing across systems, automating the flow of critical vendor insights.

For an in-depth look at how the ProcessUnity Global Risk Exchange can work for your business, download our whitepaper.

Proven Return on Investment

The enhanced ProcessUnity Global Risk Exchange delivers a proven return on investment for customers, as highlighted in the GRC 20/20 Global Risk Exchange Value Perspective.

Based on conversations with ProcessUnity customers using the Exchange to address their real-world assessment lifecycles, the key ROI benefits include:

  • 75% reduction in inherent risk assessments
  • 80% reduction in manual assessment work
  • 80% reduction in active threat response times
  • 90% reduction in reporting efforts

Start Managing Your Vendor Assessments the Right Way

Organizations of all sizes and program maturity levels gain a more accurate and reliable view of third-party risk with continuously updated vendor-attested data and external intelligence. ProcessUnity’s Global Risk Exchange not only streamlines assessment efforts, but also strengthens overall security posture, ensuring you stay ahead of evolving threats.

By integrating the Global Risk Exchange into your existing TPRM program, your teams will make smarter, faster risk decisions with confidence.


See the value of the Global Risk Exchange to your business and request a demo with our team today.

To access the complete breakdown of the enhanced Global Risk Exchange, download our free whitepaper.

To see a demo of the Exchange from ProcessUnity experts, register for our live Exchange webinar on March 12.

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About Us

ProcessUnity is a leading provider of cloud-based applications for risk and compliance management. The company’s software as a service (SaaS) platform gives organizations the control to assess, measure, and mitigate risk and to ensure the optimal performance of key business processes. ProcessUnity’s flagship solution, ProcessUnity Vendor Risk Management, protects companies and their brands by reducing risks from third-party vendors and suppliers. ProcessUnity helps customers effectively and efficiently assess and monitor both new and existing vendors – from initial due diligence and onboarding through termination. Headquartered outside of Boston, Massachusetts, ProcessUnity is used by the world’s leading financial service firms and commercial enterprises. For more information, visit www.processunity.com.