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

Your Third Parties - Potential UDAAP Risk

CPE Credit Eligible

UDAAP and your third parties.

Since becoming one of the primary points of focus for the Consumer Financial Protection Bureau (CFPB), UDAAP has presented some concern to third party risk professionals. In this podcast we cover procedures and best practices to effectively manage UDAAP and your third parties.

Available on
Listen-on-Apple-Podcasts-badge.jpg  google-play-badge 2.jpg

 

Podcast Transcript

Hi – my name is Josh with Venminder. 

In this 90-second podcast, you’re going to learn about UDAAP and howjoshua-cooper-headshot-CIRCLE it relates to your third party risk.

At Venminder, we help our clients incorporate UDAAP expectations into their program as they monitor their vendors on an ongoing basis.

First…what is UDAAP? UDAAP stands for unfair, deceptive or abusive acts or practices and is designed to help protect your customers.

If you’re overlooking customer or third party complaints, it might lead to a UDAAP violation or a negative reputation. 

Here are 5 recommendations that we have to effectively manage UDAAP and your third parties:

  1. First, look at enforcement actions at similar organizations to see if you can learn from their mistakes.

  2. Next, create a complaint management policy. Be sure to also review complaints and have an action plan in place.

  3. Third, develop a set of rules that your lines of business and third parties must follow closely when using additional products and services, particularly those that involve additional fees, intricate disclosures or may be perceived as confusing or difficult to cancel.

  4. Fourth, you should be verifying that your third parties understand your UDAAP expectations. You could write into the contract that you must approve of any new marketing materials or consumer facing disclosures.

  5. Finally, we’d even encourage you to conduct ongoing monitoring.

If you understand and monitor UDAAP properly, you’ll ensure customer satisfaction, help achieve expense reductions, improve staff alignment and reduce your organization’s reputation risk.

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