Third-Party Risk Management for Emerging Enterprises

Your TPRM Challenges as an Emerging Enterprise

As an emerging enterprise, you face the complexity of TPRM across different business units, compounded by larger volumes, more risk domains and added regulatory pressures. Your TPRM program is maturing, but your team's workload is expanding. You need a robust solution to solve difficulties with:

• Long vendor onboarding cycle times that prevent your line-of-business (LOB) employees from using services critical to their departmental goals
• Get third parties to respond to your questionnaires with complete information
• Inefficient communications and actions between your team and your third parties due to an overreliance of manual processes or simply outgrowing your current platform
• An ever-expanding backlog of post-contract due diligence stemming from an inefficient assessment process and slow, incomplete or non-existent vendor responses
• Organizing the sheer volume of third-party risk data that exists in various enterprise systems in a manner that makes executive and regulatory reporting easier
• Lack of confidence that your company is protected because your team lacks the bandwidth to monitor every third party in the portfolio, not to mention fourth and Nth parties
• Generating executive-level and Board reports in a timely fashion

How ProcessUnity Helps Emerging Enterprises with Third-Party Risk Management

ProcessUnity offers a comprehensive suite of tools and data to bolster your third-party risk management, combining workflow automation, a central repository for all TPRM data, a library of completed assessments and powerful AI capabilities. ProcessUnity's portfolio of Third-Party Risk Management solutions enables emerging enterprises to effectively manage their vendor relationships from sourcing through eventual offboarding.

Capabilities include:

1. Workflow Automation:
   Automate key phases of the TPRM lifecycle to streamline inherent risk assessments, pre- and post-contract due diligence, issue management, vendor communication and executive reporting.
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2. Universal Data Core:
   Create a single system of record for all TPRM data. Integrate cyber ratings, financial risk scores and ESG data through prebuilt connectors and integrate with key enterprise systems including ERP, CRM, GRC, contract management and procurement.
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3. Global Risk Exchange:
   Reduce assessment work via access to the world's largest database of completed, attested and validated vendor risk assessments. Download completed questionnaires from a library of more than 16,000 including large, hard-to-assess service providers that typically don't respond to assessment requests.
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4. AI-Powered Teams:
   Employ artificial intelligence to reach where your team can't. Automated inherent risk calculations, third-party ratings and real-time policy reviews bolster your team's performance and allow you to cover more of your portfolio than you could with humans alone.
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Multiple Deployment Options to Suit Your TPRM Program

ProcessUnity's modular and scalable approach to third-party risk management allows you to solve your most pressing TPRM needs today while allowing for program modifications as they inevitably change over time. Take advantage of our quick-to-deploy, out-of-the box program and get started immediately. Or work with us to configure your unique program requirements into our platform and we'll teach you how to make changes — without coding. We support all levels of program maturity and budgets.

Third-Party Risk Management. Done. Right.

With ProcessUnity, your team can seamlessly manage third-party risks from end to end, optimizing the efficiency and overall effectiveness of your TPRM program while ensuring robust protection and compliance. Your team will do more without additional resources and you'll get measurable results.