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

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. 

resources-whitepaper-state-of-third-party-risk-management-2023
State of Third-Party Risk Management 2023!

Venminder's seventh annual whitepaper provides insight from a variety of surveyed individuals into how organizations manage third-party risk today.

DOWNLOAD NOW

Venminder First-Time Entrant in 2019 Gartner Magic Quadrant for IT Vendor Risk Management Tools

3 min read
Featured Image

Elizabethtown, KY Venminder, a leader in third-party risk solutions, today announced it has been positioned by Gartner, Inc., as a Challenger in its 2019 “Magic Quadrant for IT Vendor Risk Management Tools” report. Gartner’s report assessed 16 vendors that provide technology solutions for the identification, assessment and monitoring of risks relating to their use of service providers and IT vendors.

Gartner’s report describes IT vendor risk management (VRM) as “the discipline of reducing or eliminating the residual risk that businesses and governments face when working with external service providers and IT vendors, and related third parties.” According to Gartner, “through 2022, more than 5% of publicly traded companies will see a decrease in market capitalization as a result of mismanaged or unmanaged vendor risks.”

“Today, more than 700 organizations trust Venminder as their partner in managing and mitigating vendor risk. Venminder is especially unique as we combine both a world class SaaS platform as well as completed vendor risk assessments fulfilled by our on-staff industry certified experts,” said James Hyde, CEO of Venminder. “When it comes to the Venminder product roadmap, we operate a highly collaborative approach with our customers in conjunction with carefully monitoring regulatory updates and keeping an ear to the ground on any industry challenges or concerns.”

Venminder’s SaaS platform offers unlimited users, vendors and contracts, allowing for collaboration and guidance through critical processes such as oversight management, contract management, risk assessments, due diligence requirements, questionnaires, SLA management and vendor onboarding. With 80% of Venminder’s customers partnered for vendor risk assessments, the company now has a library of completed assessments on thousands of vendors’ information security, SOC reports, contracts, financials, business continuity/disaster recovery plans and more.

Corporate momentum and product roadmap milestones that have shaped Venminder through 2019 include:

  • Signing on their 700th customer and reaching 51% organic growth over last year
  • Release of a vendor onboarding feature that manages the workflow of evaluating and assessing a new vendor prior to a contractual agreement being executed
  • Release of a service level agreements (SLAs) feature that enables organizations to track and manage vendor performance
  • The company expanded reach outside of the financial services industry to sign on customers in retail, insurance, healthcare, government and universities
  • RSA certified Venminder’s software as interoperable with RSA Archer Third Party Governance Solution, allowing mutual customers to enhance their third party risk management programs
  • Launch of a dedicated online community for third party risk professionals to network, collaborate and stay educated: Third Party ThinkTank

“Venminder’s rapid growth is very much testament to our continued product innovation and updates, our commitment to listening to our customers as well as providing excellent customer support driven by happy employees passionate about what they do, and, by having the right on-staff certified expertise available for assessments and advice,” said Hyde. “We are very excited for 2020 and all that we have lined up for Venminder.”


Gartner, Magic Quadrant for IT Vendor Risk Management Tools, Christopher Ambrose, Joanne Spencer, 25 November 2019.

Gartner Disclaimer

Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, express or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose.

Subscribe to Venminder

Get expert insights straight to your inbox.

Ready to Get Started?

Schedule a personalized solution demonstration to see if Venminder is a fit for you.

Request a Demo