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-2022
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.

DOWNLOAD NOW

podcast

4 Similar Yet Different Vendor Management Concepts

CPE Credit Eligible

Similar terms, yet different meanings. Let's learn about it.

Vendor management, enterprise risk management, vendor risk management and third-party risk management each have a different meaning. Each concept brings varying components to an organization’s overall structure. Listen to this podcast to dive deeper into each concept.

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

 

Podcast Transcript

Hi – my name is Josh with Venminder.

joshua-cooper-headshot-CIRCLE

In today’s podcast, you’re going to learn what vendor management, enterprise risk management, vendor risk management and third party risk management mean and why four very similar seeming terms are actually quite different.

At Venminder, we have a team of experts with many years of experience in each of these areas, so they understand each one has unique components. 

  • First, vendor management. Vendor management (or VM for short) is an operations strategy that allows organizations to control costs, drive service excellence and mitigate risks to gain increased value from their vendors. If you have a VM program, you have processes and procedures in place to select the best vendor fit for your organization and monitor them to ensure they’re performing in accordance with the contract.

  • Second, enterprise risk management. Enterprise risk management (or ERM for short) is wider. It takes into consideration all the varying areas of risk present at an organization like compliance, credit, reputational and more. VM is one of the risks within ERM. If you have an ERM program, it assists with creating risk policy standards, determining the organization’s vendor risk appetite and evaluating all elements of risk beyond vendor risk.

  • Third, vendor risk management. Vendor risk management (or VRM for short) adds an important element to the VM process. That element is risk. And, for VRM to function properly, an organization should have an ERM program in place since the ERM program generates the risk appetite statement the vendor risk management team can use. They build upon each other.

  • Finally, lets discuss third party risk management. Third party risk management (or TPRM for short) is the process of analyzing and controlling risks presented to your organization, data, operations and finances by parties other than your own organization. It looks beyond the risk assessment.

This is just a brief overview of each, but as you can tell, each is different and brings varying components to an organization’s overall structure and management of vendors.

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