Gain insight into your vendor's overall financial health and viability
Our team of commercial credit analysts, ﬁnancial risk analysts and CPAs will save you time by deep diving through the details to provide you with an easy-to-understand and comprehensive assessment.
Determine if your vendor is financially sound, or vulnerable
Receive a qualiﬁed risk rating of your vendor’s overall ﬁnancial health so you can make empowered decisions that safeguard your organization. Know if your vendor poses a risk level of Conﬁdent, Satisfactory, Cautious or Vulnerable.
Predict future outlook of potential risky behavior
Informed decisions can save you in the long term. A vendor’s declining income can mean cost cuts (like cutting staff). Less staff means poorer service levels and, ultimately, less information security support which can accelerate system vulnerabilities.
Speed up processes and save your internal resources time
Venminder uses qualiﬁed ﬁnancial risk analysts and CPAs to assess the ﬁnancial viability of vendors which can save your internal resources time during the due diligence processes and allow them to focus on the important strategic initiatives and decisions.
WhY REVIEW FINANCIALS
Financials are the core that drives all other deliverables
Understand the vendor's ability to continue to deliver the product and services you've contracted for. Financial status impacts vulnerabilities that affect you.
"Their vendor assessment service takes a significant amount of time and pressure off of our staff, who don’t have the expertise to adequately review most high-risk or critical vendors."
“Very user friendly with tons of features that can be utilized to automate manual processes. Everything is in one place and easy to find/access. Makes tracking down information easy and consistent "
“Can't say enough good things about Venminder! It is an excellent vendor management solution right out of the box, but it is also flexible and configurable to fit almost any vm program"
"Switching to Venminder has been absolutely life-changing, and I can't say enough good things about this amazing platform!"
"Venminder's platform provides a great centralized tool to track, assess and review vendors. It provides robust functionality around each of the phases of the overall vendor lifecycle"
"It has provided a platform to better manage our Vendor Relationships throughout the entire vendor lifecycle. Venminder has also provided top notch support every step of the way"