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

What Is Ongoing Vendor Due Diligence?

CPE Credit Eligible

 

Key points of ongoing vendor due diligence.

Ongoing vendor due diligence, or ongoing monitoring, is one of the most important steps in the vendor lifecycle. Find out what you need to know about the process and the key points of ongoing vendor due diligence that you should be aware of in this 90-second podcast.

 

Podcast Transcript

Hi – my name is Abbe with Venminder.  Abbe Clark Headshot

In this 90-second podcast, we’re going to discuss ongoing vendor due diligence.   

 

At Venminder, we have a team of certified industry experts who specialize in ensuring all areas of third-party risk management are accounted for. This includes vendor due diligence, both initial due diligence and ongoing vendor monitoring!    

 

Vendor oversight, or ongoing monitoring, includes all the steps needed to continue to evaluate the risks a vendor poses to your organization. This means every task necessary within the entire vendor lifecycle to manage vendor risk. 

 

Here are just a few examples of critical items you’d include during ongoing vendor due diligence:    

  • One, you’ll periodically reassess vendor risk to determine if there have been any changes to inherent risk or residual risk.
  • Twoyou’ll review your contract with each vendor to ensure compliance with SLAs and other contractual obligations. 
  • Three, you’ll continue to monitor material changes in financial health, internal information security controls via a SOC audit review, their overall cybersecurity preparedness and other important due diligence.   
  • Four, you’ll want to review any notes that you have from your lines of business on the vendor’s overall performance. 

While initial due diligence is a big job, ongoing monitoring of your vendors is the real meat and potatoes of any third-party risk management program. Periodically reassessing vendor risk, the contract, monitoring for changes in due diligence and reviewing performance are all critical to a successful partnership. 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