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

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. 

resources-whitepaper-state-of-third-party-risk-management-2023
State of Third-Party Risk Management 2023!

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

DOWNLOAD NOW

podcast

ERM vs Third-Party Risk Management

CPE Credit Eligible

Enterprise risk management and third-party risk management aren't the same.

Enterprise Risk Management (ERM) and Third-Party Risk Management (TPRM) are are often used interchangeably, but they truly are two different functions. ERM really functions at the highest levels of the organization and takes into account all of the different areas of risk across the organization, while TPRM is a smaller subset that needs just as much attention. Listen to this podcast to learn more.

 

Podcast Transcript

branan cooper chief risk officerWelcome to this week’s Third Party Thursday! My name is Branan Cooper and I’m the Chief Risk Officer here at Venminder.

Today, we are going to talk a little bit about ERM vs TPRM. Now that I’ve spouted off a couple of anacronyms let me explain what those mean.

ERM is Enterprise Risk Management and TPRM is Third-Party Risk Management or also sometimes referred to Vendor Management.

ERM and TPRM are certainly confused in many cases and are often used interchangeably, but they truly are two totally different functions.

ERM really functions at the highest levels of the organization and takes into account all of the different areas of risk across the organization. It sets risk policy standards, determines what your risk appetite is and looks at all sorts of categories of risk such as credit risk, compliance risk, interest rate risk, numerous others depending on the lines of business.

TPRM may feed into portions of those but its certainly not all encompassing as ERM is. TPRM in many ways is sort of a subset of ERM, but TPRM also goes much much deeper into the various facets of vendor management that ERM simply doesn’t dig into in any level of detail.

TPRM for example, may dig into a lot of defining how your going to manage the compliance risk of doing business with a third party, while ERM certainly just sits at the top and informs of any changes in the overall risk profile.

Again, I’m Branan and thanks for tuning in to this week’s Third Party Thursday. If you haven’t already done so, please subscribe to our series.

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