Virtual Vendor Management Office (VVMO)

Today's business climate dictates that organizations will need to continue to rely on third parties

Doing so not only requires specific expertise in numerous disciplines such as cybersecurity, due diligence and risk assessments, it is also hugely time-consuming and can pull your team’s focus away from other important high priority tasks.

Whether large or small, our clients recognize that proper vendor risk management is essential to protecting their organization, their customers and all proprietary information. In addition to being a sound business practice, it’s also a regulatory expectation.

Popular VVMO Packages Include

VVMO Concierge
A premiere package where Venminder’s world-class staff take over all your Vendor Management functions, including administrative, contract management, risk analysis and more. We will also collaborate with you to ensure your program is best-in-class.

Vendor Management Admin
A Venminder VVMO staff resource is assigned who monitors all tasks for all your users with personal reminders that a task is awaiting execution and will escalate when the situation calls for it.

Contract Management
A Venminder VVMO staff resource can track expiration/renewal notices generated by the Venminder software and ensure your business line owners are taking action, monitor all vendors/products in the system to ensure contracts are uploaded and accounted for.

Risk Assessment
Whether it’s the first assessment done on a new product line or an annual risk assessment on an existing vendor, accurate risk assessments can be challenging to business line owners not familiar with the purpose of the exercise. A Venminder VVMO staff resource can track your risk assessment due dates and guide your assessor through the risk assessment question by question.