BOSTON--(BUSINESS WIRE)--ProcessUnity, the leading global provider of comprehensive end-to-end third-party risk management (TPRM) and cybersecurity solutions, delivers its suite of AI-driven platform features to improve the performance of third-party risk management teams. By leveraging the artificial intelligence (AI) capabilities embedded into the ProcessUnity platform, organizations can streamline workflows, improve their risk evaluation processes, and increase accuracy and efficiency in monitoring and preventing third-party breaches.
“Most organizations are resource-constrained across their Third-party Risk Management team. This often leads to an ongoing struggle to properly manage and assess their entire portfolio of third parties. ProcessUnity’s safe and secure implementation of AI integrated into our risk management methodology extends the reach of these teams and elevates the performance of their TPRM program,” said Todd Boehler, Chief Strategy Officer at ProcessUnity. “TPRM teams empowered by ProcessUnity AI can make faster, data-driven risk decisions, giving their organization an edge in mitigating emerging threats and risks across their extended third-party ecosystem.”
The company’s AI and machine learning (ML) capabilities empower users to unlock deeper risk insights, automate responses, and reduce cycle times. Typical risk management processes that used to take weeks if not months to complete, can now be finished in hours.
The ProcessUnity platform combines a robust assessment engine and vendor monitoring capabilities with the largest library of standardized third-party risk data. With over 16,000 completed vendor risk assessments and risk profiles for over 350,000 third parties, ProcessUnity routinely trains its base AI model to make safe, applicable inferences for TPRM.
“Our priority is always safety, security, and efficiency. We want our customers to have confidence and transparency in our use of AI and within their own third-party ecosystems. ProcessUnity is using AI as a transformative catalyst for modernization, further eliminating the redundant and time-consuming processes that stall risk management efforts and leave organizations vulnerable,” said Boehler. “At our core, we are a data-first company and having such robust risk data is what makes our AI features so powerful. Customers can thoroughly evaluate vendors, understand risk, and conduct remediations faster than ever.”
ProcessUnity’s suite of AI capabilities include:
- Policy Evaluator: By leveraging AI and Natural Language Processing (NLP), ProcessUnity’s Policy Evaluator reduces manual labor, establishes consistency across analyst reviews, and highlights security gaps that need closer examination. Trained on thousands of gold-standard policies and verified by ProcessUnity’s security engineers, Policy Evaluator enables TPRM teams to review vendor policies faster than humanly possible.
- Automated Risk Profiles: In the absence of a standardized assessment from a third party, ProcessUnity’s Automated Risk Profiles analyze the expansive data from the ProcessUnity Global Risk Exchange to deliver a highly accurate risk profile that augments onboarding, due diligence, and continuous monitoring of third parties. Leveraging AI to proactively recommend preventive measures for identified potential risks, Automated Risk Profiles facilitate a strategic data-driven approach to remediation efforts.
- Auto Inherent Risk: ProcessUnity’s AI model extrapolates data points from the Global Risk Exchange to create a comprehensive risk profile, enabling TPRM teams to set tiers for their third parties according to risk levels. This prioritization of third-party engagements based on the likelihood and impact of potential risks facilitates targeted and efficient risk management.
With AI-powered teams, customers gain unprecedented insights, streamline processes, and proactively mitigate risks like never before. For more information about ProcessUnity, its suite of AI tools, or to request a demo of the platform, please visit: https://www.processunity.com/
About ProcessUnity
ProcessUnity is a leading provider of cloud-based applications for third-party risk and cybersecurity performance management. The ProcessUnity platform unifies how organizations assess, measure, and mitigate risk through automation. Built by a team of risk experts and implemented within the world’s leading enterprises, ProcessUnity solutions align programs and people to create a well-rounded defense against critical business risks. Headquartered outside of Boston, Massachusetts, ProcessUnity has earned recognition from leading analyst firms, customers and partners. For more information, visit http://www.processunity.com/.
