SOURCE: ProcessUnity

ProcessUnity

March 29, 2016 10:10 ET

ProcessUnity Integrates Its Third-Party Risk Management Solution With the Shared Assessments Program

SIG Integration Improves Assessment Accuracy, Shortens Response Times and Reduces Administrative Burdens for Both Organizations and Their Vendors

CONCORD, MA--(Marketwired - Mar 29, 2016) -   ProcessUnity, a leading provider of cloud-based applications for risk management, today enhanced its Third-Party Risk Management Solution with integration to the Shared Assessments Program. The integration further streamlines the vendor control and evaluation process for ProcessUnity customers and third-party organizations leveraging Shared Assessment Program tools -- including the full and lite versions of the Standardized Information Gathering (SIG) questionnaire.

ProcessUnity will demonstrate the integration during a live webcast on Wednesday, April 13 at 11:00 AM EDT. To register for the session, visit http://bit.ly/1URoedD.

"ProcessUnity excels at reducing the administrative burdens associated with managing third-party risk. Our integration with the Shared Assessments Program makes it even easier for organizations and their third-parties to share due diligence information," said Todd Boehler, Vice President of Product Strategy at ProcessUnity. "Our customers can augment their questionnaire content with industry best practices and automatically score and assess the responses. Third-party servicers can respond to questionnaires with much less effort."

With the ProcessUnity SIG connector, organizations accelerate assessment questionnaire development using industry best-practice content for subject areas including Information Security, Privacy, Business Continuity and more. "We commend ProcessUnity for incorporating the Shared Assessments Program global third-party risk assessment standards into its products," said Catherine A. Allen, Chairman and CEO of The Santa Fe Group. The Santa Fe Group manages the Shared Assessments Program. "By licensing the Shared Assessments Tools, ProcessUnity has demonstrated its commitment to meeting client security and vendor risk assessment needs."

The integration allows customers to upload any version of the SIG into ProcessUnity with a single click and use a portion or all of the content to power their questionnaires. Using ProcessUnity's powerful scoring and workflow capabilities, organizations can apply scoring rules for responses, assign owners, set schedules, determine scope and then automatically distribute SIG-based assessments to third parties. The integration helps organizations improve assessment accuracy, shorten response times and increase the number of completed surveys by providing third parties with flexible response options. Vendors with a completed SIG (any version) can upload it to ProcessUnity and the system will automatically match the responses to the organization's questions. Vendors without a completed SIG can either complete questionnaires online via ProcessUnity's easy-to-use interface, or download an Excel-based version and upload the completed response.

Third-Party Risk Management Automation
ProcessUnity's Third-Party Risk Management solution reduces the time and resource costs associated with identifying and mitigating risks posed by third-party service providers. The cloud-based service 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.

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 Offer Management controls complex product offerings and strengthens client service experience. ProcessUnity is used by the world's leading financial service firms and commercial enterprises. 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
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