ProcessUnity Launches Newest Version of Its Cloud-Based Risk and Compliance Platform
4 minute read
November 2018
Enhanced Workflow Capabilities, Dashboard Visualizations, Assessment Automation and Formalized Change Management Highlight the Fall 2018 Release
CONCORD, MASS. – November 29, 2018 – ProcessUnity, a leading provider of cloud-based applications for risk and compliance management, today introduced the Fall 2018 edition of its cloud-based Risk and Compliance Platform.
The newest version of ProcessUnity’s platform includes new features that further extend platform configurability, enhance reporting, allow for streamlined assessment processes, and advance change management support for complex deployments. These new capabilities are available across all ProcessUnity solutions, including Third-Party Risk Management, Policy and Procedure Management, Enterprise Risk Management, Regulatory Compliance Management, and Product and Service Offer Management.
Highlights of the latest release include:
- Enhanced Platform Configurability – Customers can now accelerate their intake processes; increase line-of-business user accountability through streamlined collaboration; automatically tie reviews to corporate standards; and intelligently identify and generate findings from assessment responses with a single click of a button. Through workflow visibility and automation features, business performance tracking allows customers to target and improve specific program areas of focus. In addition, support for automated record creation and updates reduces manual data entry and helps ensure accurate program metrics.
- Reporting and Dashboard Enhancements – Whether for the lines of business, management, board, auditors or at the operational program level, getting data into a decision-ready context is essential to any risk management program. With the Fall 2018 Release, customers have even more tools at their disposal to generate the type of analytics and pixel-perfect reporting required to demonstrate an efficient and compliant program. Features include highlighting the top performers or highest risk areas within the business; the ability to produce summary and detail-level profile reports for snapshot analysis; and smart-drill capability to target detailed records through actionable reports. All of this is provided through an easy-to-use, interactive reporting engine.
- Questionnaire and Assessment Processes – One of the most time-intense operations of any risk program is collecting and evaluating information from a given subject. The Fall 2018 Release delivers customers the ability to automate and reduce cycle times for these key activities by providing capabilities for refreshing assessments over time; automatically generating findings; supporting off-line/remote assessment personnel; initiating scheduled hands-off assessments (with auto-scoping); and managing third-party activities via an enhanced portal experience. In addition, migrating from legacy systems is easier than ever via enhanced import capabilities for historical assessments and questionnaires.
- Formalized Change Management – Enterprise customers demand enterprise change management. Large organizations with complex risk programs often require formal change management to ensure quality across multiple support teams. The Fall 2018 Release provides these organizations with the ability to control multiple environments (production, test, etc.) by offering a check-out, check-in capability for configuration changes to their risk program without interrupting the day-to-day production environment. Configuration changes can be tested in a non-production environment and automatically migrated to production when approved. In addition, customers that manage a single environment can have complete visibility into configuration changes through a detailed configuration audit report.
“Managing risk is not a ‘one-size-fits-all’ process. Programs vary significantly depending on company size and industry. With each and every platform release, our goal is to consistently offer more ways to configure our solutions, so that organizations of all sizes can continuously evolve their programs,” said Paul Carroll, Executive Vice President of Product and Engineering at ProcessUnity. “With our newest release, ProcessUnity puts unparalleled abilities to configure, change, control and test directly into the hands of the customer, further enabling them to increase the efficiency and effectiveness of their risk programs today and in the future.”
Leading organizations rely on ProcessUnity’s governance, risk and compliance solutions to assess, measure and mitigate risk, and ensure the optimal performance of key business processes. As cloud-based technology, ProcessUnity deploys quickly with minimal effort from customers and their IT resources. Product enhancements are installed frequently, immediately, and automatically, and require no work from the customer. The inherent efficiency of the platform delivers faster, better results, and the ability to scale governance, risk, and compliance programs over time.
For more information on ProcessUnity’s cloud-based risk management solutions, visit https://www.processunity.com.
About ProcessUnity
ProcessUnity is a leading provider of cloud-based applications for risk management and service delivery 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. For public companies and regulated industries, ProcessUnity Risk Suite delivers effective governance and control, vendor risk mitigation, and regulatory compliance. For benefit plan administrators and other financial service firms, ProcessUnity Offer Management controls complex product offerings and strengthens client service experience. ProcessUnity is used by the world’s leading financial service firms and commercial enterprises. The company is headquartered outside Boston, Massachusetts. For more information, visit https://www.processunity.com.
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Learn MoreAbout 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.