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.

VX LP Sequence USE FOR CORPORATE SITE-thumb
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.

CREATE FREE ACCOUNT

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

1.7.2020-what-is-a-third-party-risk-assessment-FEATURED
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.

DOWNLOAD SAMPLES

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.

Gartner 2020
Venminder received high scores in the Gartner Critical Capabilities for IT Vendor Risk Management Tools 2021 Report

READ REPORT

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.  

See Upcoming Webinars

On-Demand Webinars

 

Community

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

Weekly Newsletter

Receive the popular Third Party Thursday newsletter into your inbox every Thursday with the latest and greatest updates.

Subscribe

 

Venminder Samples

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

resource-whitepaper-state-of-third-party-risk-management-2022
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.

DOWNLOAD NOW

video

Pre and Post-Contract Vendor Due Diligence

CPE Credit Eligible
HubSpot Video

When should I conduct due diligence?

Throughout your vendor risk management process, you should be conducting due diligence both pre and post-contract. In this 90-second video, learn the different due diligence items you should be requesting from your third party vendors during those pre and post-contract periods.

You may also be interested in:

 

Video Transcript

Hi – I’m Branan with Venminder.

In this 90-second video, you are going to learn about pre and post-contract vendor due diligence.

We’ll cover the most common requests that we recommend, and see, across the industry.

Pre-contract due diligence involves analyzing and verifying that your possible new vendor meets your needs and is in regulatory compliance.

Seven of the pre-contract due diligence requests you should ALWAYS perform are:

  1. A secretary of state check
  2. Compliant research
  3. An OFAC check
  4. Review of the Articles of Incorporation or business license
  5. Verify the tax ID number
  6. Obtain a Dun&Bradstreet report
  7. And conduct a negative news search

For post-contract due diligence - this refers to the ongoing monitoring of your vendor to ensure that they continually meet your needs.

The more critical the vendor is to your operations, the higher the frequency of your ongoing due diligence.

Five of the post-contract ongoing due diligence requests we typically see include:

The vendor’s...

  1. Financial report
  2. SOC report
  3. Business continuity and disaster recovery plans
  4. Cybersecurity plan
  5. And any other due diligence required, like a certificate of insurance and updated company policies

The due diligence lists I mentioned isn’t exhaustive and of course your requests will vary vendor to vendor based on the risk they present.

See you next time.

38116-newsletter

Subscribe to our Third Party Thursday Newsletter

Receive weekly third-party risk management news, resources and more to your inbox.

 

New Call-to-action

Ready to Get Started?

Schedule a personalized solution demonstration to see how Venminder can transform your vendor risk management processes.

Request a Demo