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. 

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.

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.


Use Cases

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


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

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.



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 2021 Report



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


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

See Upcoming Webinars

On-Demand Webinars



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.



Venminder Samples

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

State of Third-Party Risk Management 2022

Venminder's sixth annual whitepaper provides insight from a variety of surveyed individuals into how organizations manage third-party risk today.


12 Ongoing Monitoring Best Practices for Third Party Risk Management

3 min read
Featured Image

Three fundamental practices in third party risk oversight include:

  1. Pre-Contract Due Diligence
  2. Ongoing Vendor Monitoring
  3. Annual Assessments

Let’s focus on the topic of ongoing monitoring since this really is a broad term and we speak to many vendor managers who inquire about some of the best practices they should be including in their program. The practice of ongoing monitoring doesn’t have to feel like a full-time job. There are several resources that you can leverage to keep an eye on your vendors. Even the most prestigious and well-capitalized organizations speak of budgetary concerns when it comes to funding a third party risk program.


The key here is to look at the practice of ongoing monitoring as the link which ties the heavy lifting in the initial vendor vetting stage and provides vital data points in which to drill down into at the annual assessment stage. Once you recognize how this practice will help you mitigate any risk surprises in the vendor lifecycle, the task will seem much more worthwhile. 

2 Reasons Ongoing Monitoring Benefits Your Organization

Here are two reasons ongoing monitoring benefits you:

  1. It’s a strategic discipline that helps you understand the areas your attention should be focused.

Ongoing monitoring does require a certain amount of discipline and while we outline several best practices, each one is aimed at providing a deeper look into the vendor to ensure that you are mitigating as much risk as possible. The information collected during this phase can really highlight exactly where you need to pay attention. Third party risk management is a strategic exercise in this respect since internal resources and budget concerns are familiar challenges.

  1. Ongoing monitoring fills the void.

After successfully completing a robust ongoing monitoring program as part of the broader third party risk framework, you'll have moved your maturity level to a whole new level. The vendor lifecycle will have lots of ups and downs, and this practice will fill the void between initial contract due diligence and vendor vetting to your annual assessment program.

12 Ongoing Monitoring Best Practices

Here are 12 best practices to keep in mind for your ongoing monitoring efforts:

  1. Create a framework for the first line of defense to provide feedback. Meet on a regular basis, track concerns and address any legitimate issues raised.

  2. Monitor consumer complaints, which are submitted internally or from online sources such as the CFPB complaint database.

  3. Create Google Alerts. Each alert can be specific to your vendor and include keywords which would cause concern if triggered.

  4. Access commercially available vendor monitoring tools for negative news.

  5. Set reminders to monitor a vendor’s quarterly financial filings if it’s a publicly traded company.

  6. Set expectations with the vendor to proactively notify you if there is a change of leadership or any pending litigation which may cause concern.

  7. Implement performance review calls to address any service level concerns.

  8. Leverage social media outlets. Follow the vendor on LinkedIn, Twitter and Facebook and have updates sent to a separate email account so that your regular email doesn’t get bogged down with the information.

  9. Subscribe to industry articles which may highlight the vendor type.

  10. Ensure data breach notification protocols are applied in their procedures.

  11. Check regularly for any litigation or enforcement actions.

  12. Routinely request updated due diligence documentation and have subject matter experts perform thorough analyses.

Finally, remember to create a log for all this activity. Where there is a concern, this information will support your overall vendor oversight assessments and will provide the board with some real-world data points to consider with respect to addressing any apparent risks the vendor may be presenting.

Learn recommended steps for creating a vendor risk assessment questionnaire. Download the eBook.

New Call-to-action

Subscribe to Venminder

Get expert insights straight to your inbox.

Ready to Get Started?

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

Request a Demo