One of the most challenging exercises you face is establishing standards for identifying your vendors.
The best way to do so is to set up comprehensive guidelines on what type of risk you’re going to evaluate and the scope of third parties that may fall into that scope.
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Venminder is a leading provider of third party risk management solutions.
Our dedicated third party risk software can guide a user through critical processes such as risk assessments, due diligence requirements and task management.
Our due diligence experts can collect your vendor compliance documentation, analyze their financial health, review SSAE 18s, review BCP, monitor the vendor’s cybersecurity, review contracts and more.