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 2021 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

podcast

4 Best Practices to Improve Your Vendor Due Diligence Strategy

CPE Credit Eligible

Best practices for vendor due diligence.

Managing vendor due diligence properly requires periodic updates to your process to ensure your organization is being as thorough and efficient as possible. Listen to this 90-second podcast to hear our expert tips for improving your vendor due diligence strategy.

Available on
Listen-on-Apple-Podcasts-badge.jpg  google-play-badge 2.jpg

 

Podcast Transcript

Hi – my name is John with Venminder. John Daugherty CIRCLE

In this 90-second podcast, you’re going to learn four best practices to improve your vendor due diligence strategy

Every day our team of experts assist companies of all sizes and industries with gathering and analyzing due diligence on vendors. You could say that we know a thing or two about due diligence.

So, here are my four recommendations:

  1. First, create a list of your organization’s standard due diligence requirements. Reference it during your vendor vetting process, but also during your ongoing, periodic vendor monitoring.

  2. Second, use subject matter experts, also known as SMEs, to help analyze due diligence. SMEs will provide you with the most accurate vendor reviews by thoroughly analyzing the reports and relaying any findings – good or bad. SMEs often help review reports such as SOCs, business continuity and disaster recovery plans, financial statements and more. You can’t be an expert in all things, but you can identify people within your organization that are SMEs and solicit their help.

  3. Third, tailor your due diligence to each vendor’s risk level. One of the first things you want to do is a risk assessment for the product or service and one for the vendor’s corporate entity. Use these risk assessments to guide your due diligence efforts. For example, if you’re analyzing a critical or high-risk vendor, then you’re likely going to need to do some extra due diligence to analyze them completely. Your risk assessments will help determine the frequency of your ongoing due diligence.

  4. Fourth, remember that due diligence isn’t a check-the-box set of tasks. Never! Once you receive the document back from the vendor, you can’t just file it away. You need to dig deeper to confirm their processes and procedures meet or exceed your expectations for the performance of the vendor.

Implementing these four best practices will improve your vendor due diligence process and give your organization a strategic advantage.

Thanks for tuning in; catch you next time!

38116-newsletter

Subscribe to our Third Party Thursday Newsletter

Receive weekly third-party risk management news, resources and more to your inbox.

 

New Call-to-action

Ready to Get Started?

Schedule a personalized solution demonstration to see how Venminder can transform your vendor risk management processes.

Request a Demo