Description

ProcessUnity Global Risk Exchange

Delivering Value via a Third-Party Risk Exchange

The future of third-party risk management lies in shared intelligence and collaborative networks. Organizations can shift from reactive, manual processes to proactive, data-driven strategies by adopting a third-party risk exchange. This shift enhances their ability to manage risk and provides the agility needed to respond to an increasingly volatile and complex business environment. In a world where organizations are no longer isolated, it’s time for businesses to embrace the power of the collective. A third-party risk network exchange delivers the visibility, efficiency, and resiliency needed to thrive in today’s interconnected landscape—transforming how organizations govern third-party relationships and manage risk.

In this report, GRC 20/20 measures the value and ROI of ProcessUnity Global Risk Exchange . . .

GRC 20/20 researched and evaluated ProcessUnity, a third-party risk management software provider, and interviewed several ProcessUnity customers spanning multiple industries. ProcessUnity’s Global Risk Exchange (formerly CyberGRX) is a platform designed to streamline third-party risk management (TPRM) by providing access to the largest library of attested and validated third-party risk assessments that integrate with the ProcessUnity third-party risk management platform or other platforms and processes used by an organization. 

The Global Risk Exchange offers a centralized repository of risk data that helps organizations efficiently manage third-party risks by reducing redundancy and improving the accuracy of assessments. It hosts over 18,000 validated third-party risk assessments, offering organizations a shared resource for assessing third-party risks. By leveraging this centralized repository, organizations can minimize the time and effort required to conduct their own risk assessments, especially for hard-to-assess vendors. This shared model supports efficient third-party risk management by offering validated assessments that can be reused across multiple organizations.

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

• The Third-Party Risk Management Challenge

  • The Case for a Global Risk Exchange Network

• The Process Through the Lens of a Third-Party Risk Exchange

  • The Benefits of a Third-Party Risk Exchange

• ProcessUnity Global Risk Exchange

  • Delivering Value Through a Third-Party Risk Exchange

  • How the Global Risk Exchange Elevates Third-Party Risk Processes

• The Value of ProcessUnity Global Risk Exchange

  • Value: Prioritization of Third Parties: Oversight & Management

  • Value: Risk Assessment: Identifying and Assessing Third-Party Risk

  • Value: Onboarding Data Collection: Due Diligence of a Third Party

  • Value: Ongoing Monitoring/Assessment: Responding & Triaging Emerging Threats

  • 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

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