ProcessUnity, a leading provider of cloud-based applications for risk and compliance management, has announced that Meridian Bank has selected ProcessUnity Vendor Risk Management to automate and streamline its Third-Party Risk Management program.
Meridian is an innovative community bank serving Pennsylvania, New Jersey, Delaware and Maryland, with a full suite of financial products and services. Meridian specializes in business and industrial lending, retail and commercial real estate lending, wealth management and electronic payments. Meridian also has a broad menu of high-yield depository products supported by robust online and mobile access.
“As we looked to develop a strategic Third-Party Risk Management program, ProcessUnity was the only company that offered flexibility, configurability and best-practice implementation across the vendor lifecycle,” said Sally Wolgin, SVP – Information Systems, Meridian Bank.
“ProcessUnity Vendor Risk Management will allow us to automate processes for onboarding new vendors, conduct pre-contract due diligence and facilitate on-going vendor assessments, ultimately reducing risk for our organization.”
ProcessUnity’s Vendor Risk Management software protects companies and their brands by reducing risks from third-party vendors and suppliers. The company helps customers effectively assess and monitor both new and existing vendors – from initial due diligence and onboarding to mature on-going relationships.
Through automation and standardization, ProcessUnity customers reduce busy workloads, streamline regulatory reporting and improve overall visibility into vendor performance.