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. 

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

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

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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 2021 Report

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Venminder Samples

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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.

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podcast

How to Create a Vendor Risk Management Program for a Health Organization

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Creating a VRM program for your health organization? We've got you covered.

Keeping the patient proactive care model in mind when considering third-party risk management is important. This podcast highlights 4 steps to take in creating a TPRM program for a health organization.

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Podcast Transcript

Hi - this is Josh with Venminder. 

In this 90-second podcast, you’ll learn some essential steps to create a proactive vendor risk management program for your healthcare organization.
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Here at Venminder, our experts understand the importance of protecting your organization from the risk often associated with third-party vendors.

In outsourcing products and services, you may expose your organization as well as your customers' sensitive data to risk that could negatively affect your organization's success. So, keep the patient proactive care model in mind when considering third-party risk management. In the same way that patients attend regular checkups to identify health risk and implement preventive habits to delay or prevent future illness, your organization must be proactive when dealing with risk.

Here are 4 steps to take:

  • First, when entering a vendor relationship, assess the total amount of risk that the vendor poses. You should measure the vendor's inherent risk, determine their criticality to your organization, and decide how to mitigate the risk.
  • Second, perform due diligence. Consider how healthcare providers run additional tests to identify conditions that must be managed to protect their patients' health. Vendor due diligence identifies and validates the controls necessary to mitigate vendor risk.
  • Third, you should manage your contracts to set the standards and expectations for your relationship with the vendor. Like creating a treatment plan for a patient, vendor contract management will keep your relationship with the vendor healthy and safe.
  • And finally, your vendors should be monitored on an ongoing basis. Similar to regular patient checkups to monitor their health, your vendors should be monitored so that you can stay aware of any new or emerging risk.

By following these steps, you'll ensure that your healthcare organization will maintain a proactive vendor risk management program and healthy relationships with your vendors.

Hope you found this podcast insightful. Thank you for tuning in; catch you next time!

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