ProcessUnity Unveils 2025 Third-Party Risk Management Platform Innovation Plans
4 minute read
December 2024
ProcessUnity Unveils 2025 Third-Party Risk Management Platform Innovation Plans
On the heels of a momentous 2024, the company details goals to bring to market strong AI- and data-first Third-Party Risk Management (TPRM) solutions
BOSTON – December 19, 2024 – ProcessUnity, The Third-Party Risk Management (TPRM) Company, achieved continued market momentum in 2024, highlighted by customer growth, platform upgrades, and industry accolades. The company also unveiled plans to expand product innovation, further meeting the heightened demand for modernized third-party risk management (TPRM) in 2025.
Highlights from 2024: Why ProcessUnity Leads the Charge
This past summer marked the first anniversary of ProcessUnity’s acquisition of CyberGRX. Combining ProcessUnity’s TPRM workflow platform with the Global Risk Exchange introduced the industry’s first proactive, all-in-one platform for automation, workflow, and data, and quickly gained significant traction within the information security and risk management communities. Users of both platforms embraced the combined offering, taking a data-first, questionnaire-second approach to TPRM.
“This was a very transformative year for ProcessUnity. We invested heavily into completing the integration of our two companies, continued to innovate and up-level our customers, and grew as a business,” said Sean Cronin, CEO at ProcessUnity. “Our efforts this year set the foundation for an even more successful 2025. We have ambitious plans for our platform, zeroing in on bringing TPRM solutions that combine the power of data and AI to market. 2025 is set to be our biggest year of innovation yet.”
Over the past twelve months, ProcessUnity released a series of new products geared towards helping enterprises foster resiliency against emerging cyber threats and adhere to new regulatory compliance frameworks. The company launched both Threat and Vulnerability Response and Digital Operational Resilience Act (DORA) solutions.
Threat and Vulnerability Response enables third-party risk management teams to identify and assess critical and exploited vulnerabilities and threats present in an organization’s extended third-party ecosystem, and distribute findings and recommendations for remediation. The DORA solution provides entities facing regulation changes in the European Union (EU) and their business partners with a simple way to establish a risk management framework, enhance oversight of third-party relationships, and strengthen operational resilience.
2024 was also a year marked by continued investment into customer success. As evidence of this focus, ProcessUnity received “the strongest overall feedback from reference customers” in The Forrester Wave™: Third-Party Risk Management Platforms, Q1 2024 (TPRM).
ProcessUnity hosted UNITE, the ProcessUnity Customer Summit, a series of global customer-centric events, featuring record-setting attendance in both North America and Europe. UNITE featured in-person and virtual boot camps offering platform training and certification opportunities. UNITE 2025: San Diego, is scheduled for May 6-8, 2025. More details and registration information can be found here.
Additional notable achievements this year include:
- Increased company growth, driven by new customer acquisition and high retention rates.
- A significant expansion of the company’s global workforce, reflecting its continued ability to foster an innovative environment and an ongoing commitment to customer support.
- Recognition as leaders in the industry through multiple key analyst reports and industry award programs.
2025 Innovation Plans: Modernizing The TPRM Market with AI and Data
Looking ahead to next year, ProcessUnity will continue to drive the implementation of data throughout the third-party risk lifecycle, including continuing innovation and development of the Global Risk Exchange. The ProcessUnity Global Risk Exchange serves as the world’s largest library of third-party risk data with over 17,000 completed vendor risk assessments and risk profiles for more than 350,000 third parties. The data from the Global Risk Exchange brings advanced machine learning functionality to equip organizations with the power of AI for elevating their third-party risk program.
ProcessUnity will continue its focus on advancing artificial intelligence for TPRM in 2025, driving efficiency and scalability of vendor risk programs. Through its focus on efficiency and data accessibility, third parties and ProcessUnity customers will gain greater control and visibility leading to increased transparency across their TPRM efforts.
To stay up to date on product updates, webinar opportunities, and all company news, connect with us on LinkedIn and visit our website at https://www.processunity.com/
About ProcessUnity
ProcessUnity is The Third-Party Risk Management (TPRM) Company. Our software platforms and data services protect customers from cybersecurity threats, breaches, and outages that originate from their ever-growing ecosystem of business partners. By combining the world’s largest third-party risk data exchange, the leading TPRM workflow platform, and powerful artificial intelligence, ProcessUnity extends third-party risk, procurement, and cybersecurity teams so they can cover their entire vendor portfolio. With ProcessUnity, organizations of all sizes reduce assessment work while improving quality, securing intellectual property and customer data so business operations continue to operate uninterrupted.
To learn more or request a demo, visit www.processunity.com.
Contacts
Scott West, Vice President, Product Marketing
[email protected]
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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.