ProcessUnity Launches Vendor Financial Intelligence Powered by RapidRatings to Enhance Third-Party Risk Management Programs
CONCORD, Mass., July 28, 2020 (GLOBE NEWSWIRE) -- ProcessUnity, a leading provider of cloud-based applications for risk and compliance management, today launched ProcessUnity Vendor Financial Intelligence (VFI) powered by RapidRatings, the leading provider of financial health assessments and analytics. The addition to the ProcessUnity Vendor Intelligence Suite seamlessly and automatically incorporates RapidRatings’ Financial Health Ratings into ProcessUnity’s Vendor Risk Management platform for enhanced vendor due diligence, vendor assessments and ongoing monitoring.
“Regardless of sector, size, or geography, companies need to have the ability to not only understand the financial health of their third-party vendors—but to build stronger relationships up and down the supply chain,” said Eric Evans, Managing Director of Business Development at RapidRatings. “VFI allows risk managers to seamlessly access purely quantitative public and private company ratings from within their existing workflows to advance critical business dialogues.”
ProcessUnity and RapidRatings began the partnership in 2017 with the launch of an external content connector from ProcessUnity to RapidRatings. Since then, ProcessUnity has been a key contributor to RapidRatings’ Align Client Conference as a leading Vendor Risk Maagement solution and data integrator. With the launch of VFI, ProcessUnity and RapidRatings have completely embedded the financial risk posture of third parties into the fully-configured third-party risk management program. As a turnkey solution, Vendor Financial Intelligence centralizes all key financial information in one system to streamline the review process and eliminate manual research to determine financial risk.
“Embedded risk intelligence is a key component for mature third-party risk programs, and the financial health of your suppliers is a critical factor in gauging the risk level of your third-party ecosystem,” said Todd Boehler, Senior Vice President of Strategy, ProcessUnity. “ProcessUnity Vendor Financial Intelligence with RapidRatings provides unparalleled financial health transparency for both public and private companies, providing risk managers with a clear line of sight to making critical risk-based business decisions.”
Key benefits of ProcessUnity Vendor Financial Intelligence, powered by RapidRatings, include:
ProcessUnity Vendor Financial Intelligence combines the industry’s leading third-party risk management platform with the most sophisticated analysis of the financial health of public and private companies worldwide.
Visit https://www.processunity.com/vendor-financial-intelligence-rapidratings to learn more about ProcessUnity Vendor Financial Intelligence with RapidRatings.
ProcessUnity Contact: Rosalind Morville ProcessUnity, Inc. 978.513.8436 email@example.com RapidRatings Contact: Mark Day RapidRatings International 703.489.1607 Mark.firstname.lastname@example.org
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