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CONCORD, MA--(Marketwired - Feb 16, 2016) - ProcessUnity and CastleHill Managed Risk Solutions today announced a partnership to offer managed risk and compliance services for small to mid-tier organizations operating in highly regulated industries. The partnership combines ProcessUnity's suite of cloud-based risk and compliance management solutions with CastleHill's deep 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 Managed Risk Solutions. "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."
"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."
By providing end-to-end delivery of people, process, and technology, CastleHill works closely 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 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.
ProcessUnity's suite of applications includes Third-Party Risk Management, Policy and Procedure Management, Enterprise Risk Management, Regulatory Compliance Management, Incident Management, Product and Service Offer Management, and more.
Learn more about ProcessUnity solutions at www.processunity.com.
About CastleHill Managed Risk Solutions
CastleHill is a provider of managed risk and compliance services, with a focus on small to mid-tier companies operating in highly regulated industries. The company was founded and developed by a group of highly respected Governance, Risk and Compliance professionals with deep experience in all facets of GRC strategy, implementation and management at some of the largest, most complex financial institutions in the country. Today, both CastleHill and its sister company, Global Operations and Risk Solutions, help companies in executing the most effective and sustainable implementation strategy for their risk and compliance management requirements. Learn more at www.castlehillrisk.com.
ProcessUnity is a leading provider of cloud-based applications for risk management and service delivery management. The company's software as a service (SaaS) platform gives organizations the control to assess, measure, and mitigate risk and to ensure the optimal performance of key business processes. For public companies and regulated industries, ProcessUnity Risk Suite delivers effective governance and control, vendor risk mitigation, and regulatory compliance. For benefit plan administrators and other financial service firms, ProcessUnity Offer Management controls complex product offerings and strengthens client service experience. ProcessUnity is used by the world's leading financial service firms and commercial enterprises. For more information, visit www.processunity.com.