CONCORD, MA--(Marketwired - Nov 18, 2014) - ProcessUnity, a leading provider of cloud-based applications for risk management, today announced that NTFN, Inc. (NTFN) has selected ProcessUnity Vendor Cloud to automate its third-party risk management processes. NTFN will leverage Vendor Cloud to identify and mitigate risks posed by its critical service providers, ensuring compliance and fulfilling regulatory obligations.
NTFN is a home lender with retail and wholesale operations conducting business across the Southern and Midwestern United States. The Company provides outstanding service to its customers by offering the resources of a large home lender and maintaining a small company feel. NTFN is committed to helping its customers obtain a home loan quickly, efficiently and with the utmost integrity. Additional information is available at www.ntfn.com.
"Identifying risks with our third parties is critical to maintaining the integrity of our corporate brand," said Gary McKiddy, chief financial officer at NTFN. "With Vendor Cloud, we will streamline risk activities without adding headcount and fulfill our regulatory obligations by creating an effective and repeatable risk management program."
Vendor Cloud reduces the time and resource costs associated with identifying and mitigating risks posed by third-party service providers. Vendor Cloud combines a vendor service catalog, automated assessment tools and interactive reporting capabilities in an extremely easy-to-use environment that allows organizations to eliminate manual tasks and focus on higher-value risk management activities.
For more information on Vendor Cloud and third-party risk management, visit www.processunity.com.
About ProcessUnity
ProcessUnity is a leading provider of cloud-based applications for risk management and service delivery 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. For public companies and regulated industries, ProcessUnity Risk Suite delivers effective governance and control, vendor risk mitigation, and regulatory compliance. For benefit plan administrators and other financial service firms, ProcessUnity Service Delivery Risk Management (SDRM) controls complex product offerings and strengthens client service experience. ProcessUnity is used by the world's leading financial service firms and commercial enterprises. The company is headquartered outside Boston, Massachusetts and is funded by Rose Park Advisors and other private investors. For more information, visit www.processunity.com.
Contact Information:
For additional information on ProcessUnity, contact:
Jill Colna or Jeff Lavery
SVM Public Relations
401-490-9700