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-2021-cropped
State of Third-Party Risk Management 2021

Venminder’s State of Third-Party Risk Management 2021 survey provides insight into how organizations are managing third-party risk management in today’s increasing regulatory and risky climate.

DOWNLOAD NOW

video

9 Tips for Successful Vendor Contract Management

CPE Credit Eligible
Video 6 - Tips for Successful Vendor Contract Management V1

Successful vendor contract management is a must.

Contract management is a key component in managing risk and vendor relationships. Improving how your organization manages the process will help you clearly define vendor expectations and responsibilities. Watch this 90-second video to get a fast overview and best practices for vendor contract management.

You may also be interested in:

 

Video Transcript

Hi – I’m Cindy with Venminder.

In this 90-second video, you are going to learn 9 tips for successful vendor contract management.

These are best practices that we have seen implemented across the country which can help you reduce risk and meet regulatory expectations.

  1. Document the process for vendor contract management within your vendor management program.

  2. Plan the negotiation and strategy prior to vendor engagement.

  3. Clearly identify all areas of the organization that are involved within the contract management process.

  4. Negotiate the terms of the agreement - understand any regulatory requirements that are specific to your organization.

  5. Actively manage the delivery of the product or service.

  6. Understand that contract management does not end with contract signing and that your organization must manage the ongoing vendor relationship to include amendments to the agreement.

  7. Manage the risks that have been identified during the contract management process.

  8. Understand the terms surrounding the renewal and termination provisions of the contract.

  9. And finally, number nine. Understand the terms surrounding the notification provisions and the remedy provisions of the agreement.

Remember, having smart processes in place for contract creation, execution and analysis can ultimately benefit you financially, by having better service delivery, and help manage risk to your organization.

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