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. 

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Let us handle the manual labor of third-party risk management by collaborating with our experts to reduce the workload and mature your program. 

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Ongoing Monitoring

Let us handle the manual labor of third-party risk management by collaborating with our experts.

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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. 

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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.

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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 2021 Report

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Venminder Samples

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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

What Is Third-Party Risk Management?

CPE Credit Eligible

 

Third-party risk management can be valuable to your organization.

Understanding third-party risk management can be complex, but it doesn't have to be. Listen to this podcast to understand what third-party risk management is and how it is a valuable asset to your organization.

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Podcast Transcript

Hi – my name is Hilary with Venminder. hilary-jewhurst-headshot

In this 90-second podcast, we will introduce you to three core concepts that will answer that age-old question, "what is third-party risk management?”

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

Often, third-party risk management is considered highly complex. However, it can be incredibly simple to understand when you learn its three core practices. Let’s discuss.

First, it is the practice of inventorying your vendors. This allows for the easy identification of the specific products or services they provide and those vendors' significance to your operations.

Second, it is the practice of assessing the risks associated with those vendors. Detecting hidden risk factors and understanding how critical a vendor is to your organization are fundamental third-party risk management objectives. Through risk assessment, you can pinpoint the potential impacts if a vendor can no longer provide you services and identify the controls needed to address concerns.

Third, it's a quality control practice. Effective third-party risk management validates that the products or services you're receiving are of good quality and provide the anticipated benefits to your organization and customer base.

In a nutshell, third-party risk management enables your organization to get maximum value when contracting with and managing your vendors. Effective and consistent third-party risk management helps your organization meet regulatory expectations, avoid costly fines or other penalties and stay in good standing.

We hope you found this podcast insightful. Thanks for tuning in; catch you next time!  

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