Software

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. 

Overview
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.

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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.

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Use Cases

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

Industries

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

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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.

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About

Venminder is an industry recognized leader of third-party risk management solutions. 

Our Customers

900 organizations use Venminder today to proactively manage and mitigate vendor risks.

Get Engaged

We provide lots of ways for you to stay up-to-date on the latest best practices and trends.

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Venminder received high scores in the Gartner Critical Capabilities for IT Vendor Risk Management Tools 2021 Report

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Resources

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

Webinars

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

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On-Demand Webinars

 

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Join a free community dedicated to third-party risk professionals where you can network with your peers. 

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Venminder Samples

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

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State of Third-Party Risk Management 2022

Venminder's sixth annual whitepaper provides insight from a variety of surveyed individuals into how organizations manage third-party risk today.

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Managing Third-Party Risk

CPE Credit Eligible
HubSpot Video

Keep your third-party risk in order.

Effective third-party risk management can protect your organization by managing the risks you are taking by outsourcing a product or service. In this 90 second video, you will learn about the different phases involved in third-party risk in order to be more successful in your organization.

After publication, Venminder created and released a new, simplified third-party risk management lifecycle that is more user-friendly. Learn why we made this big change here. And, learn the stages of the new risk lifecycle here.

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Video Transcript

Hi – I’m Branan with Venminder. In this 90-second video, you are going to learn about managing third party risk. Here at Venminder, our entire business is centered around helping our clients manage and mitigate third party risk. In today’s climate, it’s just a must. Third-party risk management has a definite lifecycle that you can follow.

The planning phase consists of building your policy, program and procedures documentation detailing HOW you will provide oversight to your vendors.

The due diligence & third party selection phase is where you will implement pre-contract due diligence, aka the vetting process. Your due diligence should always be centered around the level of risk the vendor could pose.

The contract negotiation phase is where you ensure that your contracts are organized and have strong contract language to minimize risk.

The ongoing monitoring phase is about continuing due diligence after the contract is signed. This includes periodic reviews of vendor due diligence, SLAs  and addressing risk issues.

And finally, the termination phase. You should have plans in place for certain vendors, like your critical vendors, to replace the third party or to bring the function in-house in an efficient manner if needed. This includes determining what happens to any confidential information and any post termination rights to use the information for marketing or other purposes.

Remember, effective third-party risk management can protect your organization by managing the risks you are taking by outsourcing a product or service.

See you next time.

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