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.

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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.

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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

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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.

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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.

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Venminder received high scores in the Gartner Critical Capabilities for IT Vendor Risk Management Tools 2020 Report

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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.  

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On-Demand Webinars

 

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Join a free community dedicated to third-party risk professionals where you can network with your peers. 

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Venminder Samples

Download samples of Venminder's vendor risk assessments and see how we can help reduce the workload. 

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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.

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podcast

5 Ways to Prevent Problems in Third Party Risk

CPE Credit Eligible

5 solutions for third-party risk.

The constant shift can lead to occasional problems in third party risk management. If you take the time to manage the process correctly and implement specific procedures, it could help you avoid costly errors down the line. Listen to this week’s podcast to find out more about how to prevent third party risk problems.

 

Podcast Transcript

joshua-cooper-headshot-CIRCLEHi – my name is Josh with Venminder.

Every day our team of experts assist companies of all sizes and types with third party policy development and overall risk best practices. In this 90-second podcast, you’re going to learn 5 ways to prevent problems or concerns in third-party risk. 

Remember, you want to always consider issues that can arise in third party risk and put procedures in place to prevent them from happening.

Here are five ways that we recommend:

  • The first way is to establish a policy and program that your organization’s employees can look to as a guideline to follow so that they understand how they should manage any vendor relationships that they’re responsible for. Making consistency a priority helps prevent unforeseen issues.

  • Number 2: Always ensure you’re analyzing the due diligence that you obtain. It’s important to review the documentation and evaluate instead of just filing it away. This can lead to discovering potential risk.

  • Number 3: Keep up-to-date with new regulatory guidance. If new guidance is released, be sure to review and understand it. If any of the information isn’t clear, reach out to your team or do a quick search for additional educational resources to help clarify.

  • The fourth way, keep your actively managed vendor list current. Periodically reach out to accounts payable for a fresh list. Scan it to verify no vendors are missing from your list.

  • And number 5: Involve senior management and the board. Their active involvement is required and can assist greatly with preventing third-party risk issues as they’ll provide valuable insight.

There you have it. Five best practices to help prevent problems in third party risk at your organization.

Thanks for tuning in; catch you next time!

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