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

Fourth-Party Vendor Risk Management

CPE Credit Eligible

Fourth-party vendor best practices.

Fourth-party risk is an important step in the vendor management process. In your contract with every one of your third party vendors, you should include how you want your third party to handle communicating with you about a fourth-party vendor. Here are some fourth-party risk management steps you should take to better protect your organization.

 

Podcast Transcript

Hi – my name is Gordon Rudd with Venminder. 02.20.19-press-release-venminder-appoints-gordon-rudd-HEADER

In this 90-second podcast, you’re going to learn a little more about fourth-party vendor risk management and what it entails.

At Venminder, we have a team of experts who specialize in managing third party and fourth-party vendor risk, so we know a thing or two about those fourth parties.

A fourth-party provides a product or service to your third party vendor, so your third-party vendor has a direct contract with them. Remember, in your contract with every one of your third-party vendors you should include how you want your third party to handle communicating with you about a fourth-party vendor.

Here are four steps to assist with fourth-party vendor risk management:

Step 1: Understand the due diligence that should be performed on a critical fourth party vendor. A quick tip is to do as much due diligence on your fourth party vendor as you would on your third-party vendor.  

Step 2: Determine the fourth parties you should monitor. If they have access to your organization’s or customer’s confidential information, then they should be monitored.

Step 3: Go ahead and build out a matrix outlining the following to help keep the oversight clear:

  • First, list the third-party
  • Next, list the fourth-party
  • Third, include the relationship between the third and fourth-party
  • And finally, list any fourth-parties with a relationship to more than one of your third parties.

And Step 4: Ask your third-party vendor to notify you any time they’re considering doing business with a significant fourth-party. You can request that they contractually commit to this.

It’s critical that you verify your third party has included adequate fourth-party oversight requirements within their own policies. It will affect you.

I hope you found this podcast insightful.

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