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Venminder Blog

Dec 31, 1969 by

Financials

5 Steps to Evaluating Your Vendor's Financial Stability

Jul 23, 2019

A vendor’s financial status can impact your organization significantly. Things such as a decline in service levels, the vendor sunsetting their products and rapid staff turnover can all be a [...]

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Financials

5 Results of an Insufficient Vendor Management Budget

Jun 4, 2019

Before I delve into what can happen due to an insufficient vendor management program budget, let’s start with a story. Picture this. You’re the new Chief Information Security Officer (CISO) at a [...]

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Financials

What Insurance Should Your Vendors Have?

Apr 24, 2019

For all practical purposes, it’s impossible to discuss the insurance requirements for your third party vendors without discussing the overall risk posture and insurance protection your [...]

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Financials

5 Tips to an Accurate Vendor Financial Performance Assessment

Apr 17, 2019

As you review your vendors financial health, here are 5 tips to an accurate vendor financial performance assessment.

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Financials

How to Read a Vendor Financial Statement

Mar 12, 2019

Obtaining a financial statement from your vendor(s) should never be considered a check-the-box exercise. In my daily work, I see organizations request a financial statement and, once they receive [...]

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Financials

Let’s talk about financials…

May 25, 2016

Not all due diligence should be rated equal

Due diligence should always be risk-based and tailored to the appropriate risks represented by the third party relationship. Lots of the items collected [...]

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Financials

3 Areas To Look Out For In Your Vendor 10-K's

Aug 7, 2015

While you can use other reports for financial analysis, the 10-K is highly recommended to review the financial, legal and risk information about your vendor. The 10-K is formatted identically for [...]

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Financials

The unintended consequences of declining vendor financial performance

Jun 5, 2015

Should you discover that your bank or credit union vendor's income and financial performance is declining, there are some unintended consequences you need to look out for.

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Financials

Revenue has increased so the health of my vendor is better, right?

May 22, 2015

Not necessarily...

At Venminder we get this question alot. So, here are a few areas that you need to look at first before coming to that conclusion.

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