Comply with Regulations
Avoid being hit with enforcement actions or large fines
Venminder software and vendor risk assessments are designed to meet the most strictest of industry regulations.
Regulatory agencies have issued guidance on third-party risk management. Even if your prudential regulator has not issued guidance recently, you need to keep an eye on the most recent and stringent guidance to meet those standards and follow the best-in-class practices to properly manage risk. Venminder will help to comply with these expectations more easily and effectively.
Get quick implementation with purpose-built configurable software platform that centralizes "all things vendor" and allows teams to effectively collaborate together for program efficiency. Easily pull reports on your vendors whenever the regulators appear.
Identify Risks with Assessments
Streamline due diligence and avoid needing to add costly internal resources with Venminder's Control Assessments. Order new or search the Venminder Exchange for pre-completed assessments.
How Can We Help
Determination of critical and high-risk vendors, as well as those with access to NPI/PII (non-public information/personally identifiable information)
Establishment of minimum annual due diligence and control assessments required by regulatory guidance and industry best practices
Drafting of an enforceable Third-Party Risk Management Policy and Program documentation
Implementation of a Third-Party Risk Management framework based upon the Policy and Program, as well as the platform’s functionality
Support the heavy lifting of onboarding each portfolio company’s vendors, contracts, and corresponding documentation onto the Venminder platform
FREE SAMPLE ASSESSMENTS
Download samples of Venminder's Vendor Risk Assessments
The Venminder team completes nearly 30,000 vendor risk assessments annually. Download and evaluate some of Venminder's samples to see how we can take this heavy workload from your team's shoulders allowing them to focus on the important strategic decisions.