Software

Gain a 360-degree view of third-party risk by using our SaaS software to centralize, track, automate, assess and report on your vendors. 

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Let us handle the manual labor of third-party risk management by collaborating with our experts to reduce the workload and mature your program. 

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Let us handle the manual labor of third-party risk management by collaborating with our experts.

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As Venminder completes assessments for clients on new vendors, they are then made available inside the Venminder Exchange for you to preview scores and purchase as you need.

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Use Cases

Learn more on how customers are using Venminder to transform their third-party risk management programs. 

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Venminder is used by organizations of all sizes in all industries to mitigate vendor risk and streamline processes

Why Venminder

We focus on the needs of our customers by working closely and creating a collaborative partnership

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Sample Vendor Risk Assessments

Venminder experts complete 30,000 vendor risk assessments annually. Download samples to see how outsourcing to Venminder can reduce your workload.

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About

Venminder is an industry recognized leader of third-party risk management solutions. 

Our Customers

900 organizations use Venminder today to proactively manage and mitigate vendor risks.

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We provide lots of ways for you to stay up-to-date on the latest best practices and trends.

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Venminder received high scores in the Gartner Critical Capabilities for IT Vendor Risk Management Tools 2021 Report

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Venminder Samples

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State of Third-Party Risk Management 2021

Venminder’s State of Third-Party Risk Management 2021 survey provides insight into how organizations are managing third-party risk management in today’s increasing regulatory and risky climate.

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podcast

8 Tips on Maintaining Good Vendor Relationships

CPE Credit Eligible

Strong vendor relationships are the key to long relationships.

Maintaining strong vendor management relationships will help lead to a successful partnership for your organization. In today’s podcast, we’ll cover 8 important tips to maintain good vendor relationships in 90 seconds.

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Podcast Transcript

Hi – my name is John with Venminder.

In this 90-second podcast you’re going to learn some tips to maintain good vendor relationships.

At Venminder, we help our clients manage vendor relationships throughout the entire vendor lifecycle on a daily basis.

Let’s get started:

  1. First, during the contract negotiation  be sure to explain to your vendor exactly what is expected of each party and write these expectations into the contract.

  2. Secondly, I think it’s important to make your business goals crystal clear so that everyone is on the same page.

  3. Third, communicate well with the vendor. Have a dedicated vendor manager reach out to them periodically to check-in with any updates and to request status updates.

  4. Fourth, remember this is a partnership so it’s important that you try to be responsive as well to the vendor’s questions.

  5. Fifth, set due diligence expectations upfront. Let the vendor know what documents you expect from them, why they are important and how often you’ll be requesting each one.

  6. Sixth, never allow a vendor to do something that violates the terms of the contract. Sounds simple but it happens all of the time.

  7. We’re just about at the end, but this one is important – make sure that there are clear standards on how customer information will be handled even after the conclusion of the contract.

  8. Finally, my 8th, I think it’s crucial to express your organization’s service level expectations, particularly if the vendor is communicating directly with your customers in any way.

By following these 8 tips you and your vendor will be on the path to a successful partnership.

Thanks for tuning in; catch you next time!

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