{"id":471905,"date":"2021-04-06T10:06:23","date_gmt":"2021-04-06T14:06:23","guid":{"rendered":"http:\/\/www.marketnewsdesk.com\/?p=471905"},"modified":"2021-04-06T10:06:23","modified_gmt":"2021-04-06T14:06:23","slug":"processunity-launches-vendor-identity-intelligence-to-enhance-third-party-risk-management-programs","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/processunity-launches-vendor-identity-intelligence-to-enhance-third-party-risk-management-programs\/","title":{"rendered":"ProcessUnity Launches Vendor Identity Intelligence to Enhance Third-Party Risk Management Programs"},"content":{"rendered":"

\nTargeted Intelligence Provides Crucial Insight into Vendor Identity and Ownership for Onboarding and Due Diligence
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CONCORD, Mass., April 06, 2021 (GLOBE NEWSWIRE) — ProcessUnity<\/a>, a leading provider of cloud-based applications for risk and compliance management, today launched ProcessUnity Vendor Identity Intelligence (VII), the newest addition to the ProcessUnity Vendor Intelligence Suite<\/a>. VII seamlessly and automatically incorporates searches for verified third parties and their ownership structures into ProcessUnity\u2019s Vendor Risk Management platform<\/a> to enable best-in-class Know Your Vendor (KYV) capabilities for enhanced third-party due diligence, vendor assessments, issue management and ongoing monitoring processes.<\/p>\n

\u201cBusinesses worldwide need access to verified data that helps them accurately identify and evaluate their third parties or suppliers, including who ultimately owns these entities. With more outsourcing, comes more risk of doing business with bad actors, and today\u2019s anti-bribery and corruption regulation is only increasing,\u201d said Todd Boehler, Senior Vice President of Strategy at ProcessUnity. \u201cIncorporating this targeted intelligence into our best practice vendor risk program accelerates onboarding, risk assessments, and proof of compliance so that organizations can make better business decisions regarding their third-party relationships.\u201d<\/p>\n

With the launch of Vendor Identity Intelligence<\/u><\/a>, ProcessUnity delivers a prepackaged, turnkey solution that provides greater visibility into the onboarding and continuous monitoring processes of the vendor risk lifecycle. ProcessUnity VII combines search and unique business identification capabilities with ProcessUnity\u2019s Best Practices Program to deliver pre-built workflows, notifications, reports and dashboards to support each stage of the vendor risk lifecycle from initial onboarding to ongoing due diligence and monitoring.<\/p>\n

Key benefits of ProcessUnity Vendor Identity Intelligence include:<\/p>\n