CONCORD, Mass., Oct. 31, 2017 (GLOBE NEWSWIRE) -- ProcessUnity, a leading provider of cloud-based solutions for risk and compliance management, today announced that Federal Agricultural Mortgage Corporation (“Farmer Mac”) has selected ProcessUnity to automate Farmer Mac’s Third-Party Risk Management and Policy and Procedure Management programs.
Founded in 1988, Farmer Mac is a vital part of the agricultural credit markets and was created to increase access to and reduce the cost of capital for the benefit of American agricultural and rural communities. As the nation’s premier secondary market for agricultural credit, Farmer Mac provides financial solutions to a broad spectrum of the agricultural community, including agricultural lenders, agribusinesses, and other institutions that can benefit from access to flexible, low-cost financing and risk management tools.
“ProcessUnity’s suite of solutions will help us improve the effectiveness and efficiency of both our vendor risk and policy programs,” said Julie Fortenbery, Risk Officer at Farmer Mac. “The cloud-based system will reduce the time and costs associated with managing our third-party risk, performing due diligence on our vendors, and streamlining the administration of our corporate policies and procedures.”
ProcessUnity’s suite of cloud-based solutions are designed to tackle numerous Governance, Risk and Compliance challenges, including Third-Party Risk Management, Policy & Procedure Management, Compliance Management and more. While each solution is unique in terms of the capabilities it provides, they all share similar characteristics that greatly benefit our customers: they are extremely easy to use; they are configurable by business users; and they deploy very quickly.
For more information on ProcessUnity, visit 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. The company is headquartered outside Boston, Massachusetts. For more information, visit www.processunity.com.