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. 

Managed Services

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

Overview
Document Collection
Policy/Program Template/Consulting
Virtual Vendor Management Office
Vendor Site Audit


Ongoing Monitoring

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

VX LP Sequence USE FOR CORPORATE SITE-thumb
Venminder Exchange

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.

CREATE FREE ACCOUNT

Use Cases

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

Industries

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

1.7.2020-what-is-a-third-party-risk-assessment-FEATURED
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.

DOWNLOAD SAMPLES

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.

Get Engaged

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

Gartner 2020
Venminder received high scores in the Gartner Critical Capabilities for IT Vendor Risk Management Tools 2020 Report

READ REPORT

Resources

Trends, best practices and insights to keep you current in your knowledge of third-party risk.

Webinars

Earn CPE credit and stay current on the latest best practices and trends in third-party risk management.  

See Upcoming Webinars

On-Demand Webinars

 

Community

Join a free community dedicated to third-party risk professionals where you can network with your peers. 

Weekly Newsletter

Receive the popular Third Party Thursday newsletter into your inbox every Thursday with the latest and greatest updates.

Subscribe

 

Venminder Samples

Download samples of Venminder's vendor risk assessments and see how we can help reduce the workload. 

resource-whitepaper-state-of-third-party-risk-management-2021-cropped
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.

DOWNLOAD NOW

- Customer Success Stories -

Bank & Trust Company Drives Efficiency through Software and Outsourced Reviews

Bank & Trust Company were faced with the common challenge of keeping up with the regulatory compliance around vendor management without pulling a huge amount of time from their staff. 

Bank & Trust Co - gray

 

“I recommend Venminder often to other financial institutions required to perform third-party risk management.”

 

About

Headquartered in Litchfield, IL, and with assets of approximately $300 million, Bank & Trust Company has been helping successful individuals, their businesses, and their families meet challenges that come with financial success for more than a century with comprehensive banking, trust, and wealth management services.

 

Challenge

Bank & Trust Company were faced with the common challenge of keeping up with the regulatory compliance around vendor management without pulling a huge amount of time from their staff. And, while they wanted to try keep staff time low on tactical vendor management tasks, they did not want to lose quality of work or monitoring within their program. So, they agreed to seek out a partner for help. The bank was also, at the time, managing vendors using Excel spreadsheets which made the work cumbersome and even more time-consuming. 

“We very much needed to find the right partner that could help us manage the collection of documents for all our high risk vendors and the ability to add on reviews of vendor’s security or financial health,” said Bill Fleming, EVP and CRO. 

 

Solution

Following a search for a new partner, Bank & Trust Company became a Venminder client. The bank found Venminder’s cloud-based software easy to use and appreciated that they had the option to add additional third-party reviews as needed. 

“The fact that Venminder gathers the documents for our higher risk vendors, their system’s risk rating capabilities and their reviews have really changed our program timewise. It takes much less time to manage and there is little worry for exams.” 

Outsourcing the reviews and analyses of their vendor’s financial health and cybersecurity meant Venminder’s team did the heavy lifting by sifting through sometimes hundreds of pages of documentation, allowing the bank’s team to quickly read and determine what vendor’s may require additional attention. 

“The financial reviews we have received from Venminder have proven to be very well done, succinct and give you a very good historical trend analysis. Also, the cybersecurity reviews are appropriate, helpful and keep examiners happy as well as help you know when to lean on your third parties to pick up their security game.”

 

Results

Bank & Trust Company have now been a valued client of Venminder for nearly 10 years.

“We find Venminder to be reasonably priced, it saves time and employee hours and we have kept examiners and auditors happy. Feedback we often hear is that our vendor management program is very complete and well-documented.” 

Good customer support and experience for their team is also important to Bank & Trust Company. 

“Overall, our experience with Venminder’s team is that they’re always helpful and available. Customer service is prompt and on point. I recommend Venminder often to other financial institutions required to perform third-party risk management.” 

Get Started with Venminder

Schedule a personalized solution demonstration to see if Venminder is a fit for you.

REQUEST A DEMO