Venminder’s vendor management software is the perfect solution to organize, track and report findings to Senior Management, the Board of Directors and, ultimately the examining bodies. It is a “must have” answer to your financial institution meeting increasing regulatory requirements.
Our software will guide you through critical processes such as risk assessments, due diligence requirements and task management.
Gain complete control and management of your contracts
Produce a comprehensive report guaranteed to impress your examiner
The ability to assess and get risk ratings on all your vendors
Mitigate risk through monitoring and oversight
Automate any vendor questionnaire process such as RFP’s and InfoSec Questionnaires.
Create: Create a questionnaire from scratch or select from one of Venminder’s samples.
Send: When you’re ready, Venminder will send your questionnaire to the designated contact at your vendor. Set a deadline to promote a prompt response. You can include a custom message in the notification email sent to the vendor.
Vendor Response: The vendor will answer your questions in an online portal with the ability to attach any relevant documentation. Vendor responses are captured at the database level within Venminder. When the vendor has completed your questionnaire, you will receive a notice.
Review: All vendor responses and associated documentation is now available for your review within the Venminder system. You may now record your own internal facing comments or attach additional documentation. When the questionnaire process is complete, you can store the finished product in the questionnaires module or commit to file in the Document Storage area.
Cloud storage for all things vendor-related
Reminder systems for important tasks
Ability to write and read reviews of vendor products
Free access to compliance-related documentation for participating hosted vendors
Calendar system setting reminders of important dates, events and follow-up tasks
Store important notes and email conversations between client and vendors
Unlimited storage of vendor/ product points of contact
3 Dashboards: Primary, Vendor and Executive