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. 

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.

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.


Use Cases

Learn more on how customers are using Venminder to transform their third-party risk management programs. 


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

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.



Trends, best practices and insights to keep you current in your knowledge of third-party risk.


Earn CPE credit and stay current on the latest best practices and trends in third-party risk management.  

See Upcoming Webinars

On-Demand Webinars



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.



Venminder Samples

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

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.


Venminder’s Annual State of Third-Party Risk Management Whitepaper Provides Insight into Trends and Best Practices for 2021

2 min read
Featured Image

Venminder, a leader in third-party risk management solutions, revealed the results of their now fifth annual “State of Third-Party Risk Management Survey”. The survey of third-party risk professionals provides valuable insight into how organizations are managing the risks associated with doing business with third parties.

Third-party risk management was very much tested as an operational risk mandate, rather than simply a regulatory requirement in 2020. The pandemic pushed organizations to be more innovative, work remotely and rely more heavily on outsourced practices. The (still ongoing) COVID-19 pandemic has validated for many that third-party risk management is not just a regulatory issue, but a practical real-world consideration.

Key findings from the survey include:

• Having enough internal resources is currently the #1 vendor management challenge
• Sixty-nine percent have updated their vendor management policy in the last 12 months
• Forty-six percent have between 1 and 2 employees dedicated to third-party risk management
• Eighty percent have a formal process in place to determine criticality for all new vendors pre-contract
• Sixty-eight percent classify 10% or less of their current number of vendors as “business critical”
• Seventy-six percent have formal risk assessment processes in place to determine inherent risk and residual risk for all new vendors pre-contract
• Seventy-five percent review/analyze high-risk or critical vendor documentation at least annually
• The number one way the pandemic impacted vendor management processes was third-party risk professionals ensuring their vendors had adequate pandemic plans in place
• Seventy-seven percent confirmed that the majority of their vendors were prepared and implemented pandemic plans without issues
• Forty-six percent say that they experienced third-party cyber incidents during 2020, with forty percent being limited impact incidents

“The survey results confirm that the maturity of third-party risk management practices has continued to evolve and, notably, improve,” said James Hyde, CEO of Venminder. “The COVID-19 pandemic certainly drove heightened awareness in the need for well-managed practices and the importance in ensuring that your data is protected, whether it’s in your hands or a vendor’s and wherever it is – whether in a remote or office environment. This year’s survey results will provide many with important insight into the current state of third-party risk management as well as the ability to compare and benchmark their organizations’ processes against their peers.”

The full survey findings are available to download now on Venminder’s website by clicking here.

state of third-party risk management 2021

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