ProcessUnity, a leading provider of cloud-based applications for risk and compliance management, today announced its partnership with Dun & Bradstreet, a leading global provider of business decisioning data and analytics. The D&B Connector for ProcessUnity Vendor Risk Management supports global data from Dun & Bradstreet Direct+ to further enable third-party risk managers to continuously monitor the financial risks of a vendor population.
The D&B Connector seamlessly incorporates objective financial health assessments into ProcessUnity’s vendor risk platform for enhanced vendor due diligence. “Our collective partnership ensures clients have access to the global financial risk data needed to make more informed decisions not only during initial vendor onboarding but also throughout the lifecycle of the relationship, said Brian Alster, General Manager, Dun & Bradstreet Third-Party Risk & Compliance Solutions. “With this additional data and insight, executives can make confident decisions in the selection process and mitigate risk through proactive ongoing monitoring.”
ProcessUnity’s D&B Connector delivers multiple financial risk metrics, including Dun & Bradstreet’s Supplier Stability Index, Supplier Evaluation Risk (SER) Rating, Financial Stress Score, Viability Rating, Standard Rating and more. These serve as indicators of financial condition and the implied risks associated with doing business with a specific organization. If a score drops, third-party risk managers are notified to ensure organizations are able to respond to adverse changes in their vendors’ financial health.
“ProcessUnity’s connector to Dun & Bradstreet provides risk managers the ability to understand and actively monitor the financial health of their vendors,” said Todd Boehler, Senior Vice President of Strategy, ProcessUnity. “External risk intelligence is now a must-have for organizations looking to mature their third-party risk management programs. This enhanced offering can provide the financial risk data necessary for organizations to mitigate and reduce third-party risk globally.”
ProcessUnity Vendor Risk Management is a software-as-a-service (SaaS) application that helps companies identify and remediate risks posed by third-party service providers. Combining a powerful vendor services catalog with risk process automation and dynamic reporting, ProcessUnity VRM streamlines third-party risk activities while capturing key supporting documentation that ensures compliance and fulfills regulatory requirements. ProcessUnity VRM provides powerful capabilities that automate tedious tasks and free up risk managers to focus on higher-value mitigation strategies.
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