Global Lending Services Selects ProcessUnity for Third-Party Risk Management

CONCORD, MA--(Marketwired - Mar 22, 2016) - ProcessUnity, a leading provider of cloud-based applications for risk management, today announced that Global Lending Services LLC (GLS) has selected ProcessUnity Vendor Cloud to automate its third-party risk management processes. GLS will leverage ProcessUnity to identify, monitor and mitigate risks posed by its critical service providers, ensuring compliance and proper oversight.

Global Lending Services LLC (GLS) is headquartered in Greenville, SC and provides automotive financing for franchise auto dealerships throughout the United States. GLS operates in 47 states and supports over 3,000 franchise dealership with their subprime auto finance needs. The company was founded by auto industry veteran Douglas Duncan and is backed by BlueMountain Capital Management. The GLS management team has extensive auto finance experience and successful track records building, managing and capitalizing some of the market's most successful auto finance companies. GLS utilizes state-of-the-art technology and analytics and provides services to help customers with transportation needs while also providing quality and quick service to its dealer partners. GLS leverages established national distribution channels and its deep understanding of consumers' and dealers' needs to establish a leading, scaled national auto finance platform. Learn more at http://www.glsllc.com.

"Vendor Cloud will help us automate the administrative tasks related to third-party risk management and allow us to focus on higher-value risk management activities," said Al Palmer, SVP Compliance at Global Lending Services. "We believe the cloud-based system will make it easier to monitor and analyze our vendors while providing management real-time visibility into risk assessment progress, the status of remediation activity and vendor ratings."

ProcessUnity Vendor Cloud reduces the time and resource costs associated with identifying and mitigating risks posed by third-party service providers. The cloud-based service combines a vendor service catalog, automated assessment tools and interactive reporting capabilities in an extremely easy-to-use environment that allows organizations to eliminate manual tasks and focus on higher-value risk management activities.

Learn more about ProcessUnity risk and compliance management solutions at www.processunity.com.

About ProcessUnity
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.