ProcessUnity: Delivering Value in Third-Party Risk Management




Delivering Value in Third-Party Risk Management

The modern business depends on, and is defined by, the governance, risk management, and compliance of third-party relationships to ensure the organization can reliably achieve objectives, manage uncertainty, and act with integrity in each of its third-party relationships. A haphazard department and document centric approach for third-party risk management compounds the problem and does not solve it. Organizations need to address third-party GRC with an integrated strategy, process, and architecture to manage the ecosystem of third-party relationships with real-time information about third-party performance, risk, and compliance and how it impacts the organization. It is time for organizations to step back and implement a third-party risk management strategy supported by a third-party risk information and technology architecture that delivers value to the business. This value can be measured in efficiency, effectiveness, and agility. A third-party risk management platform saves time and money and creates an environment where the organization can measure the effectiveness and efficiencies of resources.

ProcessUnity Vendor Risk Management (VRM) is a third-party risk management solution that GRC 20/20 has researched and evaluated that can manage third-party risk in complex, distributed, and dynamic business environments. ProcessUnity delivers a third-party management solution to identify, assess, and mitigate risk in third-party relationships across the organization. The solution can be deployed to manage specific third-party risks (e.g., information security, privacy, human rights) or can be implemented as an enterprise platform to manage the range of risks across all organization’s third parties. GRC 20/20 finds that the ProcessUnity VRM solution enables organizations to be efficient, effective, and agile in their third-party management strategy and processes. VRM is well suited for use in organizations of all sizes and industries that are looking for an efficient, effective, and agile approach to third-party management. 

GRC 20/20 interviewed ProcessUnity clients and through these interactions measured the economic value of ProcessUnity. GRC 20/20’s evaluation, research, and interactions with ProcessUnity clients has revealed that ProcessUnity delivers significant and measurable value in efficiency, effectiveness, and agility.

Have a question about ProcessUnity or other solutions for Third Party Risk Management available in the market?

  • The Third-Party Risk Management Challenge
    • The Modern Organization is an Interconnected Web of Relationships
    • The Inevitable Failure of Silos of Third-Party Governance
    • Defining Third-Party Risk Management
  • The Third-Party Risk Management Process
    • Third-Party Risk Management Process Structure
    • Third-Party Risk Management Information & Technology Architecture
  • ProcessUnity Vendor Risk Management
    • What ProcessUnity VRM Does
  • The Value of ProcessUnity VRM
    • Value: Third-Party Risk Oversight & Management
    • Value: Third-Party Onboarding
    • Value: Third-Party Ongoing Risk Assessment/Monitoring
    • Value: Third-Party Risk Reporting, Metrics & Analytics
    • Total GRC Value & Return
  • GRC 20/20’s Final Perspective
  • Appendix
    • Disclosures
    • GRC Value Perspective Methodology
  • About GRC 20/20 Research, LLC


Michael Rasmussen – The GRC Pundit @ GRC 20/20 Research, Michael Rasmussen is an internationally recognized pundit on governance, risk management, and compliance (GRC) – with specific expertise on the topics of GRC strategy, process, information, and technology architectures and solutions. With 28+ years of experience, Michael helps organizations improve GRC processes, design and implement GRC architectures and select solutions that are effective, efficient, and agile. He is a sought-after keynote speaker, author, and advisor and is noted as the “Father of GRC” — being the first to define and model the GRC market in February 2002 while at Forrester Research, Inc.

©GRC 20/20 Research, LLC. All Rights Reserved. No part of this publication may be reproduced, adapted, stored in a retrieval system or transmitted in any form by any means, electronic, mechanical, photocopying, recording or otherwise, without the prior permission of GRC 20/20 Research, LLC. If you are authorized to access this publication, your use of it is subject to the Usage Guidelines established in client contract. The information contained in this publication is believed to be accurate and has been obtained from sources believed to be reliable but cannot be guaranteed and is subject to change. GRC 20/20 accepts no liability whatever for actions taken based on information that may subsequently prove to be incorrect or errors in analysis. This research contains opinions of GRC 20/20 analysts and should not be construed as statements of fact.  GRC 20/20 disclaims all warranties as to the accuracy, completeness or adequacy of such information and shall have no liability for errors, omissions or inadequacies in such information.  Although GRC 20/20 may include a discussion of related legal issues, GRC 20/20 does not provide legal advice or services and its research should not be construed or used as such.