Third-Party Risk Management for Large Global Enterprises

Your TPRM Challenges as a Large Enterprise

As a leading worldwide brand, the complexities surrounding your third-party risk management program are unparalleled, compounded by global supply chains and new regulations. Your critical third parties alone number in the thousands or even tens of thousands. Your extended team includes internal procurement and cybersecurity resources worldwide, plus potentially multiple consultants and managed service providers. Your requirements are unique to your company. You need a TPRM platform to power a significant, efficient program that:

• Ensures compliance with key global regulations related to information security, privacy, ESG and more
• Unites the silos of third-party risk management work that happens across procurement and information security teams worldwide, while building consistency across internal teams and consultants
• Builds a single system of record for corporate TPRM data to provide a worldwide view of risk that can easily be communicated to regulators, executive leadership and your board of directors
• Integrates with existing enterprise systems to share data between siloed business units
• Extends TPRM processes from vendor selection and sourcing through eventual offboarding, including fourth parties where appropriate and systematically weeding out underperforming business partners
• Conducts a comprehensive internal and external evaluation of your extended cybersecurity controls framework — consisting of your own internal controls plus those of your third parties

How ProcessUnity Helps Large Global Enterprises with Third-Party Risk Management

ProcessUnity provides an extensive array of tools and data designed to enhance your third-party risk management program. By integrating workflow automation, a centralized repository for all TPRM data, a robust library of pre-completed assessments, and advanced AI capabilities, ProcessUnity meets the intricate needs of large global enterprises. With ProcessUnity, multinational organizations can manage their vendor relationships effectively throughout the entire lifecycle — from vendor selection and onboarding to continuous monitoring and eventual offboarding.

Key features 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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Our World-Class Services Organization: Mastering the Most Complex TPRM Programs

ProcessUnity's world-class services organization is expertly equipped to handle the world's largest and most complex third-party risk management programs. Leveraging years of experience and a deep bench of industry expertise, our services team collaborates closely with clients and leading consultants to ensure seamless implementation and ongoing optimization of TPRM strategies. We have successfully navigated the intricate requirements of global corporations, addressing the multifaceted challenges inherent in large-scale operations. Our history of delivering excellence spans across industries, providing tailored solutions that meet the unique needs of each client. With a proven track record of managing extensive third-party networks, we facilitate the deployment of robust TPRM programs that enhance compliance, strengthen risk management, and drive operational efficiency. As your trusted partner, ProcessUnity's services organization is committed to empowering your enterprise to achieve its TPRM goals and sustain long-term success.

Third-Party Risk Management. Done. Right.

With ProcessUnity, large global organizations can seamlessly manage third-party risks from end to end, optimizing the efficiency and effectiveness of their TPRM programs while ensuring robust protection and compliance. The platform empowers extensive teams to do more with existing resources, delivering on key performance indicators and ensuring measurable results. Designed to support the intricate needs and vast networks of multinational enterprises, ProcessUnity offers comprehensive tools and services that streamline processes and enhance overall risk management. Your organization will benefit from a unified approach that integrates seamlessly into existing corporate structures, providing a resilient and scalable solution for third-party risk management.