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ProcessUnity and CastleHill Form Risk Management Partnership

NationalMortgageProfessional.com
Feb 22, 2016
ProcessUnity and CastleHill Managed Risk Solutions have announced a partnership to offer managed risk and compliance services for small- to mid-tier organizations

ProcessUnity and CastleHill Managed Risk Solutions have announced a partnership to offer managed risk and compliance services for small- to mid-tier organizations. The partnership combines ProcessUnity’s suite of cloud-based risk and compliance management solutions with CastleHill’s GRC expertise and program methodologies to create outsourced programs for industry compliance, vendor risk management and many other GRC-related initiatives.

“Small and mid-tier organizations in financial services, healthcare and energy face the same level of regulatory scrutiny as larger firms, but have significantly less time and resources to manage an effective program,” said Tim Carbery, managing partner at CastleHill. “Teaming with ProcessUnity allows CastleHill to deliver custom programs for compliance assessments, policy and procedure management, and issues management via a robust workflow engine. With CastleHill managed service offerings, clients are freed from the administrative burdens associated with GRC programs, allowing them to focus their efforts on managing the risk and profitability of their core business.”

By providing end-to-end delivery of people, process, and technology, CastleHill works with clients to develop a sustainable, robust framework for risk assessment and continuous improvement program activities. The resulting scalable environment automates and consolidates risk management activities, while simultaneously eliminating real and perceived conflicts of interest, process gaps and technology shortcomings. These structural improvements mean risk managers can focus on managing risk instead of performing time-consuming administrative activities that lead to blurred roles, organizational inertia, functional bias, process gaps and insufficient data.

Leading organizations rely on ProcessUnity’s cloud-based services to assess, measure and mitigate risk and ensure the optimal performance of key business processes. The Software-as-a-Service (SaaS) technology creates a common user experience and seamless application integration across all ProcessUnity governance, risk and compliance solutions. As cloud-based technology, ProcessUnity deploys quickly with minimal effort from customers and their IT resources. Product enhancements are installed frequently, immediately and automatically, and require no work from the customer. The inherent efficiency of the platform delivers faster, better results and the ability to scale governance, risk and compliance programs over time.

“The CastleHill/ProcessUnity combination will significantly reduce organizations’ compliance burdens,” said Todd Boehler, vice president of Product Strategy at ProcessUnity. “Based on its deep GRC experience and expertise, CastleHill has developed managed service offerings that will deliver tremendous value to customers while keeping costs under control.”

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