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

3 Best Practices for Overseeing International Vendors

CPE Credit Eligible

 

Best practices for overseeing international vendors.

Listen to this 90-second podcast to learn the best practices for overseeing international vendors. Ensure you are doing your due diligence when vetting, understanding their financial documentation and obtaining references.

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 this 90-second podcast, you’re going to learn three best practices for managing your international vendors.

Here at Venminder, we have a team of certified industry experts who specialize in developing comprehensive risk management programs for organizations of all sizes and all industries. 

Outsourcing to vendors is often done to create operational efficiencies and provide the best options to your customers. It’s generally recommended to utilize domestic vendors, but sometimes the best choice is an overseas company. International vendors doing business in the United States are held to the same U.S. regulations as your domestic vendors. And, risk assessments, document collection and ongoing monitoring will remain the same.

Still, there are a few additional practices to follow  when dealing with an international vendor, such as the following:

  • First, it’s essential to include specific details in the vendor contract. You’ll need to specify matters like currency, exchange rate and which party is responsible for duties and other customs-related formalities. Document the delivery method and any insurance provisions surrounding geopolitical instability or currency fluctuations. Make sure to define the treatment and ownership of your intellectual property, customer data and confidential company information.
  •  Second, request financial documentation. Dunn and Bradstreet don’t monitor most international vendors, but they’re still held to similar financial standards. The numbers don’t have to be in U.S. dollars, but make sure that the statement is in English so you can perform an assessment.
  • Third, obtain references and good faith verification. While these aren’t guarantees of a reputable vendor, they can be used as a good starting point early in the vetting process.

U.S. regulators will want to see proof that all vendors abide by the same guidelines, so it’s best to review and assess your vendors under the same standards constantly.

We 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