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. 

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Vendor Site Audit


Ongoing Monitoring

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

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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.

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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

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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 2020 Report

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Resources

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

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Venminder Samples

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

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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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- Customer Success Stories -

Flushing Bank Achieves Well-Organized and Successful Vendor Risk Management Program

Flushing Bank had a strong need for transparency throughout their vendor risk management program but were finding it difficult to achieve this using a module inside an Enterprise Risk Management (ERM).

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Today, we have a well-organized third-party risk management program and successfully passed an audit by the FDIC earlier this year.”

 

About

Headquartered in Uniondale, NY and with assets of approximately $6.5 billion, Flushing Bank serves consumers, businesses, professionals, corporate clients, and public entities by offering a full complement of deposit, loan, equipment finance, and cash management services.

 

Challenge

Flushing Bank had a strong need for transparency throughout their vendor risk management program but were finding it difficult to achieve this using a module inside an Enterprise Risk Management (ERM).  That software required too much customization and proved difficult to use, ultimately preventing the bank from running their program at the level they desired.

When Flushing Bank began their search for a new software for their growing vendor management program, they had very specific requirements.

“We were seeking a partner that would provide us with access to third-party risk management experts and a software platform that was user-friendly with a vendor portal, cloud and managed services, dashboards with great program visibility, a comprehensive risk rating analysis, ability to task manage like scheduling annual due diligence and robust reporting capabilities,” said  Alana Domill-Maltese, VP of Vendor Management at Flushing Bank.

 

Solution

Following thorough discussions with Venminder about their challenges and the Venminder solution, Flushing Bank made the move to become a client. They found that the software met all of their specifications and proved to be extremely easy to navigate.

“We found the onboarding experience that Venminder provided extremely easy and very successful. Venminder’s software is a great product. My overall favorite feature is the oversight management and scheduling of renewal documents as this was a very manual process for us prior to using Venminder.”

Flushing Bank also chose to augment their team with Venminder’s managed services.

“The review and analysis for financial health, SOC reports and BCP that Venminder provides have saved us time and allowed us to streamline processes. We can now take the analysis to the appropriate expert internally at the bank for review and faster sign-offs.”

 

Results

Since partnering with Venminder, Flushing Bank has been able to achieve the transparency and efficiency they desired within their program.

“Today, we have a well-organized third-party risk management program and successfully passed an audit by the FDIC earlier this year.” 

Customer service was also important to the Flushing Bank team and they have been pleased with finding that Venminder’s customer service matched the standards of the software and services offered.  

 “I have been in the financial industry for over 30 years and have found Venminder to be a great vendor from a product, sales and customer service standpoint. They have excellent employees and are willing to work with their customers and provide them with the needs of the business. I would recommend Venminder to any institution that has a vendor management program.”

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