Elizabethtown, KY - Venminder, an industry recognized provider of third party risk management solutions, today announced that RSA has certified Venminder’s software as interoperable with RSA Archer Third Party Governance Solution, allowing mutual customers to enhance their third party risk management programs.
Venminder has a powerful online software technology that can guide and streamline third party risk management programs through critical processes. The software offers in-app services including document collection and due diligence reviews that can save an organization valuable time, money and resources. Venminder in-app services are fulfilled by on-staff industry and certified experts which include paralegals that review and enter contract data points, CPAs that review vendor financial documents, CISSPs that review SOC reports, cybersecurity preparedness, business continuity/disaster recovery plans and more.
“Due to the growing demand for integrations to our platform, we have been committed to creating our API. We are thrilled to now be certified RSA Ready, allowing interoperability with RSA Archer’s Third Party Risk Governance solution,” said James Hyde, CEO of Venminder. “The interoperability between the RSA Archer solution and Venminder’s software will enable organizations to access our data as well as leverage the documentation from our in-app services. These in-app services can help bridge expertise gaps or resource availability and, ultimately, provide a cost-effective staff augmentation solution.”
In particular, the new interoperability between Venminder and RSA Archer Third Party Governance enables organizations to:
- Import and store data from Venminder on vendors and products into the RSA Archer Platform
- Access documentation collected and uploaded on vendors inside RSA Archer
- Leverage Venminder’s managed services by receiving the documentation on vendors inside RSA Archer.
- View Venminder’s criticality risk level ratings for vendors inside RSA Archer and setup custom alerts for changes in ratings
- Easily see Venminder’s inherent risk and residual scores of products inside of RSA Archer and create custom alerts for changes in risk ratings
- Enhance reporting inside RSA Archer using the Venminder data
“We are pleased to welcome Venminder into the RSA Ready Technology Partner Program,” said Matt Crawley, Head of RSA Archer Strategic Technology Alliances. “By leveraging RSA’s marketing-leading technology to reach customers around the world, we enable partners to deliver solutions that drive new business growth.
For more information visit the RSA Archer Exchange.
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Venminder’s advanced software product allows for easy collaboration to manage all things vendor-related and guides users through critical processes such as oversight management, contract management, risk assessments, due diligence requirements, questionnaires, SLA management, vendor onboarding and more. Robust and configurable reporting can be generated from the tool to give clear visibility into the management and ongoing monitoring of third parties.
Venminder’s suite of outsourced due diligence services have redefined the third party risk management space by providing a cost-effective staff augmentation answer and ability to reduce the workload. Services include collecting documents, vendor vetting, risk assessing key cybersecurity and information security risks, analyzing documents such as SOC reports, financial statements, contracts, business continuity and disaster recovery preparedness and more.
For more information on Venminder, visit https://www.venminder.com/