ProcessUnity is a Leader in the 2022 Forrester Wave™ for Third-Party Risk Management Platforms

3 minute read

May 2022

by Sophia Corsetti

The results are in: ProcessUnity is a Leader in The Forrester Wave™: Third-Party Risk Management Platforms, Q2 2022.

Our team is extremely proud to see Forrester recognize ProcessUnity as a leader among the 12 ‘most significant’ industry players. In a detailed evaluation of ProcessUnity Vendor Risk Management, our platform received the top score in the Current Offering category. Forrester gave ProcessUnity the highest scores possible in the strategic planning, sourcing and procurement, collection and verification, risk assessment and analysis, fourth-party assessment, analytics, communication and collaboration, and interoperability criteria.

Download a complimentary copy of the Forrester Wave for Third-Party Risk Management Platforms report and learn why ProcessUnity achieved the highest score in the current offering category.

We believe our position in the Forrester Wave is made possible by the measurable success of our customers and the dedication of our team. ProcessUnity VRM is purpose-built to support our customer’s growth, ROI and overall success. The ProcessUnity team works hard to ensure that success – the combination of these factors is what sets us apart as a market-leading tool.

The report found that ProcessUnity “helps customers overcome ’people and data fatigue’ associated with TPRM with a nine-module SaaS platform and is unique in supporting every stage of the third-party risk lifecycle, such as sourcing, vendor performance, and contract management.”

Unmatched capabilities like Hands-Free Automation and 100% non-administrative configurability place ProcessUnity at the forefront of TPRM innovation.

ProcessUnity is continuing our track record of success after being recognized as a leader in the 2021 Gartner Magic Quadrant™ for IT Vendor Risk Management Tools, and receiving the highest score in the 2021 Gartner Critical Capabilities report for IT Vendor Risk Management Tools for VRM Solution Use Case.

ProcessUnity Vendor Risk Management: Our Success is a Result of Our Customers’ Success

Thank you to our incredible customers for their willingness to share success stories with their peers, other companies and industry experts. These continued insights allow ProcessUnity to remain a Leader in the third-party risk management field and receive recognition as a 2022 Gartner Peer Insights™ Customers’ Choice for IT Vendor Risk Management.

As our customers can attest, our platform is uniquely designed to support advanced technology integrations and workflows for organizations with complex processes and requirements. Customer insights highlight ProcessUnity’s configuration and an implementation engagement that supports dialogue between customers and third-party vendors while retaining the ability to automate existing processes without compromising to fit system limitations.

We believe our position in the 2022 Forrester research is due to our ability to quickly implement and configure complex workflows to clients’ vendor risk management programs and processes, and our continued efforts to create innovative processes in the third-party risk management landscape.

Automate Third-Party Risk Management with a Leader in the 2022 Forrester Wave™ for Third-Party Risk Management Platforms

Are you looking to jumpstart your Third-Party Risk Management software evaluation process? These reports can be utilized as resources in your decision-making process to understand the Third-Party Risk Management landscape better. Leverage Forrester research to assist in building a shortlist of software providers that best fit your company’s requirements.

The Forrester Wave™ Third-Party Risk Management Platforms, Q2 2022, Alla Valente, Amy DeMartine, Caroline Provost, and Peggy Dostie.

Forrester and The Forrester Wave™ are registered trademarks of Forrester Research, Inc. and/or its affiliates in the U.S. and internationally and is used herein with permission. All rights reserved. (this will be soon updated in our Policy as well)

 

 

 

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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.