ProcessUnity DORA Enhances Operational Resilience

3 minute read

August 2024

by Julia Winer

As the January 2025 DORA enforcement deadline approaches, regulated entities and their ICT suppliers face mounting pressure to modernize their supplier risk management programs and achieve operational resilience. Disorganized supplier information, disparate business units, and a lack of visibility into supplier relationships and the critical functions they support, are all common and constructive focus areas for teams seeking to remediate their operational resilience issues. Considering these challenges, it can be difficult to identify, track, and mitigate all of the DORA-relevant issues in your ICT supplier ecosystem, leading many organisations to seek a technology solution that helps them systematize their operational resilience improvements.  

Now, ProcessUnity makes it easy to address these concerns before the enforcement deadline: With ProcessUnity DORA risk management solution, teams can build a standardized, repeatable supplier risk management program with templated workflows for identifying critical or important function (CIF) suppliers and capturing data on those organisations and their subcontractors. By providing these workflows out of the box, ProcessUnity ensures rapid deployment, enabling your team to achieve compliance as quickly as possible and with a low cost of ownership. 

Additionally, the structured Register of Information provided by ProcessUnity DORA ensures that your team can seamlessly track, report, and export the information required to facilitate compliance and enhance your ICT security. As with any supplier risk management domain, DORA preparedness is a data issue—so by giving your team a single repository for all DORA-related ICT information, ProcessUnity helps your team stay on top of gaps as you identify them and works to expand visibility throughout your supplier ecosystem.  

ProcessUnity DORA leverages the Global Risk Exchange to identify weak third-party controls and manage the risks you face. After all, teams whose DORA-related inquiries can be answered using a pre-built registry of accredited vendor information can come to actionable conclusions more quickly, leading to faster, more decisive mitigation action, and making it far easier to achieve compliance in time for the January 2025 deadline. 

Taken together, each function of ProcessUnity DORA enables your team to expand its visibility throughout the ICT supplier ecosystem, identify potential control gaps, and take decisive action to mitigate operational resilience risks. Where attempts to achieve DORA compliance using manual communication and Excel spreadsheets can be time-consuming and overwhelming, ProcessUnity DORA helps your team work quickly and decisively. 

“In many cases, a DORA-regulated entity has an army of one or two scrambling to organize their supplier risk management efforts before the enforceable deadline,’ said Joel Brandon, Head of Sales, EMEA. ‘With ProcessUnity, these businesses gain a straightforward path to compliance while implementing mature risk management practices across the organisation, ultimately protecting the business against potential loss from supplier failure.” 

Good risk management isn’t just a DORA requirement – it’s good for business. Achieving a DORA-ready program with ProcessUnity, rather than with disparate spreadsheets, will help your team create a modern supplier risk management program. That way, when the next supplier risk management hits your industry, you’ll be prepared. Click here to request a demo of ProcessUnity DORA and begin preparing for the enforcement deadline. 

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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.